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Are pricey warrants powering Lotus Technology’s rally?

Fri, 10 May 2024 06:27:22 +0000

Shares of the EV arm of Britain’s luxury Lotus brand have jumped more than 40% over the last two weeks, but are still sharply down from their trading debut in February Key Takeaways: By Doug Young The road for aspiring luxury electric vehicle (EV) maker Lotus Technology Inc. (LOT.US) has been anything but smooth.....

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Pony.ai gallops towards U.S. listing with eye on lower-tech autonomous driving

Tue, 07 May 2024 07:08:31 +0000

The company known for its robotaxis has been approved by China’s securities regulator to list in New York, as it downshifts its ambitions to boost its revenue more quickly Key Takeaways: By Hugh Chen Late last month, the automotive world was focused on Beijing as the city hosted China’s premier annual auto show. Among.....

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Hillhouse boosts Longi position after probe, as it pivots to global focus

Fri, 26 Apr 2024 01:28:06 +0000

The private equity firm was told by China’s securities regulator to buy back shares in the solar company after selling them without the necessary disclosure Key Takeaways: By Teri Yu and Doug Young In the complex tapestry that is China’s vast private equity sector, even the most skilled weaver can occasionally miss a thread......

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PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture

Tue, 23 Apr 2024 04:36:44 +0000

Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?

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Zongmu joins autonomous driving queue at Hong Kong IPO tollgate

Tue, 16 Apr 2024 04:22:54 +0000

The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: By Hugh Chen Autonomous driving has cruised back into the spotlight over the past year, as technologies that were once hyped – and then subsequently forgotten – finally start to.....

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Is Niu Technologies ready to charge ahead again?

Thu, 11 Apr 2024 03:16:12 +0000

The electric scooter maker reported a sharp upturn in its first quarter sales volume, reversing weak growth throughout last year Key Takeaways: By Edith Terry Niu Technologies (NIU.US) has had some rough years since the heady days of its Nasdaq listing in October 2018. In 2017, the company, whose name means “bull,” was China’s.....

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Zeekr steps on IPO accelerator as its prospects run low on fuel

Tue, 09 Apr 2024 05:18:22 +0000

The new energy vehicle maker is reportedly jumpstarting its stalled plan to list in New York as valuations for its peers rapidly fall Key Takeaways: By Doug Young After putting its U.S. IPO on hold due to weak market sentiment, new energy vehicle (NEV) maker Zeekr Intelligent Technology Holding Ltd. is suddenly stepping on.....

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PODCAST: China EVs Under Attack, and Alibaba’s Sputtering Split-up

Tue, 09 Apr 2024 03:21:49 +0000

China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?

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Goldwind’s profit tumbles as China sales start to deflate

Mon, 01 Apr 2024 00:47:17 +0000

The leading wind turbine maker’s profit fell 83% in the second half of last year, as revenue from its core China market started to contract Key Takeaways: By Doug Young Plenty of mixed signals were blowing through the latest annual results of Goldwind Science And Technology Co. Ltd. (2208.HK; 002202.SZ), whose fate is largely.....

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PODCAST: Japanese Auto Cuts, and a Drugmaker’s Fall

Tue, 26 Mar 2024 09:21:26 +0000

By Doug Young & Rene Vanguestaine Nissan and Honda weigh major cuts of up to 30% in their China car production. What’s driving the trend, and is it likely to speed consolidation in the oversupplied industry? And shares of drugmaker CStone fell 40% after it was booted from the Hang Seng Index and China stock.....

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IPO-bound Guofu stuck at low end of hydrogen-power food chain

Tue, 26 Mar 2024 04:02:14 +0000

The new energy company has filed to list in Hong Kong, earning most of its money from hydrogen transport and refueling equipment Key Takeaways: By Hugh Chen China has made the advancement of hydrogen power a national priority. And when the government makes up its mind that way, it means there’s plenty of money.....

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Failed merger leaves Apollo Future Mobility searching for direction

Tue, 26 Mar 2024 00:13:46 +0000

The NEV maker has launched a plan to raise HK$210 million, seeking to repay debt after its bid for new life by acquiring a struggling rival collapsed last year Key Takeaways: By Li Shih Ta Excess capacity is rapidly sucking the life from many of China’s new energy vehicle (NEV) makers, claiming recent victims.....

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