Li Auto charges ahead in fourth quarter as slowdown looms
The NEV maker’s revenue from vehicle sales rose 134% in the fourth quarter, but it forecast its overall revenue growth would slow to about 70% in the first quarter of…
State investors jump on board NEV maker Leapmotor’s bandwagon
As the global war for NEV market share intensifies, the company could get an edge through its joint venture with U.S.-European auto giant Stellantis Key Takeaways: Leapmotor has added $84.3…
With pedal to the metal, Xiaomi zooms into China’s EV race
Speaking at a launch event for its first electric vehicle, the smartphone maker’s CEO Lei Jun declared his ambition to become one of the world's top five automakers in 15…
The Middle East beckons for Hong Kong’s Regal hotel chain
Facing an outflow of western funds, Hong Kong has been wooing Middle East investors and has enlisted Saudi Arabia as a partner in the hotel business Key Takeaways: Regal Hotels…
Nio gears up to produce its own EVs after buying partner’s factories
Nio founder and CEO William Li says that bringing production fully in house rather than working with a partner would cut manufacturing costs by around 10% Key Takeaways: Nio Inc.…
Xiaomi’s strong results overshadowed by falling prices
The smartphone maker’s third-quarter profit beat expectations, but its average smartphone price fell below 1,000 yuan for the first time in nearly four years Key Takeaways: Xiaomi’s smartphone shipments rose…
Zeekr offers new Chinese NEV option for global investors
Despite its relative youth, the electric vehicle maker has quickly gained traction in its home China market thanks to its strong ties with hometown auto giant Geely Key Takeaways: Zeekr…
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