BRIEF: Wuling Motors profit soars on cost controls, government subsidies
Automaker Wuling Motors Holdings Ltd. (0305.HK) said on Wednesday it expects to report its profit jumped 79% last year to 42 million yuan ($5.78 million) from 23.47 million yuan in…
IM Motors steers clear of EV shockwaves with funding deal
The SAIC Group’s electric vehicle unit has secured its financial base despite disappointing car sales and jitters over the abrupt collapse of a rival firm Key Takeaways: IM Motors raised…
Europe’s EV tariffs seen as minor speed bump for BYD
The leading Chinese producer of electric vehicles received the lightest penalty in Europe’s new set of auto tariffs, to the relief of investors, but the sector is already looking to…
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