BRIEF: CATL in talks to acquire Nio’s battery-swapping unit
Battery giant CATL (300750.SZ) is planning to acquire electric vehicle (EV) maker Nio’s (NIO.US; 9866.HK) battery-swapping unit, Nio Power, according to Reuters, citing unnamed sources familiar with the matter. It…
Former TV magnate tries his luck at EVs with IPO plans in sight
Skyworth, once known for its televisions, is placing its bets on a foray into the country’s crowded electric vehicle market Key Takeaways: Skyworth Auto is preparing to launch a new…
DeepRoute.ai gets $100 million charge from auto investor
The company is one of the few from an increasingly crowded autonomous driving sector to raise new private funding in the last two years, as many of its peers make…
Ubtech Robotics set to keep stumbling into the red
The maker of humanoid and industrial robots faces high production costs and an array of competing machines from big names such as Xiaomi, Tesla, Amazon, and OpenAI Key Takeaways: Ubtech Robotics has predicted…
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…
After zipping on to Wall Street, Zeekr faces long road ahead
The electric vehicle maker that listed in New York last month said its losses continued to narrow in the first quarter Key Takeaways: Zeekr’s first-quarter revenue from auto sales rose…
Nio in diversification drive as it tries to stem its flood of red ink
With more losses piling up in this year’s first quarter, the high-end EV maker is betting on two new brands targeting the middle and lower parts of the market Key…
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