BRIEF: Nio to raise $514 million in share placement
Electric vehicle (EV) maker Nio Inc. (9866.HK, NIO.US) announced on Friday it will place nearly 137 million shares for HK$29.46 apiece, representing a 9.49% discount to its Thursday's closing price,…
BRIEF: Guangzhou Auto’s sales, output plunge in October
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) said on Thursday it sold 185,800 vehicles in October, down 17.23% year-on-year, with sedan sales plummeting 23.65%. Its production volume for the month…
INDUSTRY BRIEF: China’s car sales fall in August as NEVs outpower gas vehicles
Chinese car sales fell 1.1% in August to 1.92 million units, marking a fifth straight month of declines, Reuters reported on Monday, citing new data from China Passenger Car Association…
Autohome shifts into brighter lane of shaky China auto market with NEV, used car focus
The online car trader’s profit grew 16% in the second quarter, helped by sales of electric vehicles and used cars, the two most promising segments of China’s car market Key…
Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services
Car trading made up two-thirds of company’s revenue in fourth quarter, while its older auto finance business shrank to just a quarter of the total Key Takeaways: Cango reported its…
Recent Articles
BRIEF: Nio to raise $514 million in share placement
9866.HK
NIO.US
BRIEF: Guangzhou Auto’s sales, output plunge in October
2238.HK
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