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New Business

Geely’s third-quarter revenue and profit soar on surging EV sales in mainland China

Geely Auto, mainland China’s second-largest carmaker, reported a 27 per cent jump in third-quarter revenue on the back of a…

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New Business

BYD’s sales surge in Europe, Tesla’s robotaxi debut in China: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to…

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New Business

Volkswagen to make own advanced chips in China for locally made autonomous vehicles

The German carmaker on Wednesday said Carizon – a venture it jointly owned with Horizon Robotics, a designer of artificial…

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New Business

Hong Kong scion Adrian Cheng backs London-based multi-asset broker CBCX

Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD) and founder of investment firm…

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New Business

Tesla’s Shanghai factory deliveries hit record this year as Model Y variant woos new buyers

Tesla’s Shanghai Gigafactory saw a jump in deliveries last month, as its upgraded models struck a chord with wealthy Chinese…

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New Business

Chinese EV makers go global in bid to boost profits amid price war at home

Chinese electric vehicle (EV) makers, from bellwether BYD to start-up Dreame, have stepped up efforts to crack overseas markets as…

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New Business

Adrian Cheng sharpens focus on ‘transformative industries’ under new firm ALMAD Group

Adrian Cheng Chi-kong has launched a new business focused on “transformative industries”, including culture and healthcare, nearly three months after…

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New Business

Germany’s Bavaria open to Chinese investment despite EU tensions, state minister says

Fifty years ago, Christian Social Union in Bavaria chairman Franz Josef Strauss visited Beijing, becoming the first West German politician…

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New Business

Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated…

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New Business

Tesla continues its skid in mainland China as sales and market share fall

Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall.…

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