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Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

The cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker…

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New Business

Hong Kong stocks sink by the most in 2 months as US-China trade tensions rise again

Hong Kong stocks fell by the most in nearly two months on Monday, as rising geopolitical tensions between the US…

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New Business

China’s EV price war threatens Nio and Xpeng’s plans to stem losses: JPMorgan

The earnings outlook for Chinese electric vehicle (EV) makers remains cloudy, as their profit margins further decline amid fierce price…

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New Business

Hong Kong stocks resume slump with Asian markets as weighty US tariffs on China loom large

Hong Kong and other stock markets in the Asia-Pacific region traded lower on Wednesday, resuming their slump as US President…

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New Business

From BYD to Nio, Chinese EV makers power ahead thanks to subsidies and tax incentives

Leading Chinese electric-vehicle (EV) makers reported strong sales growth in the first quarter of this year, as they continued to…

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New Business

Xpeng bets big on flying cars with US$413 million investment in new Guangzhou factory

Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition…

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New Business

BYD’s Denza launches N9 SUV to rival Mercedes, BMW in premium EV segment

China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and…

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New Business

Hong Kong stocks drop for fifth day as trade-war fears mount

Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as…

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New Business

Hong Kong stocks slip on China deflation fears as consumer prices decline

Hong Kong stocks fell on Monday on investor worries about deflation after China reported a decline in consumer prices. The…

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New Business

Hong Kong stocks jump on AI theme, hope for US-China tariff reprieve

Hong Kong stocks advanced on Tuesday, with investors boosting artificial-intelligence (AI) firms amid optimism that trade negotiations are taking place…

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