Electric vehicle

New Business

Hong Kong stocks rise as investors fall back in love with Chinese EV makers and tech firms

Hong Kong shares rose on Wednesday, buoyed by a rally in Chinese electric-car makers while technology stocks also rebounded. The…

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New Business

Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms

Nio, a Chinese electric vehicle (EV) company, said its fourth-quarter loss widened from a year earlier amid escalating competition in…

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New Business

Chinese EV maker Xpeng trims losses on 23% revenue rise

Chinese electric-vehicle (EV) maker Xpeng said its fourth-quarter loss narrowed from a year earlier, beating a consensus estimate, while its…

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New Business

China’s brokerage sector sees mega-mergers but remains competitive and fragmented

China’s 12 trillion yuan (US$1.6 trillion) brokerage sector will continue to remain fragmented and competitive, despite the ongoing consolidation mandated…

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New Business

Cleantech, mineral security demand drive China miners’ overseas buying spree: MMG chair

Chinese miners have accelerated their investments in critical mineral projects overseas to support electric vehicle (EV) adoption and clean energy…

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New Business

EV maker Xpeng to test autonomous driving software in Hong Kong to support go-global drive

Chinese electric vehicle (EV) maker Xpeng said it would use Hong Kong to test its artificial intelligence (AI)-powered self-driving technology,…

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New Business

BYD shares nosedive after US$5.6 billion placement announcement

Investors rebuked BYD for its surprise stock placement plan by selling down the shares of China’s biggest electric-vehicle (EV) maker,…

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New Business

BYD raises up to US$5 bln in its biggest post-IPO funding for research and global growth

China’s largest electric vehicle (EV) maker BYD plans to raise up to HK$40.7 billion (US$5.05 billion) in a primary share…

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New Business

JPMorgan boosts BYD share price target by 60% on strong growth projections

JPMorgan Chase has raised its price target for BYD by more than 60 per cent, as it expects China’s leading…

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New Business

Double down or get out: the options for foreign carmakers in China amid shrinking share

Foreign carmakers are likely to see their market share in China shrink further this year as the brutal price war…

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