Geely - Bamboo Works - China stock insights for global investors

FAST NEWS: Zeekr shares jump in New York trading debut

Mon, 13 May 2024 04:54:36 +0000

The Latest: Shares of Zeekr Intelligent Technology Holding Ltd. (ZK.US), the electric vehicle (EV) maker backed by leading Chinese automaker Geely, jumped in their trading debut on Friday after pricing at $21, representing the top of their previously announced range. Looking Up: The company raised about $440 million through the share sale, making it the.....

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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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Next stop for Geely-backed CaoCao: a Hong Kong IPO

Wed, 08 May 2024 00:10:16 +0000

The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: By Ken Lo One of China’s top three ride-hailing services, CaoCao Inc., has set a course for the Hong Kong stock market. The company is aiming to deliver the sector’s most significant IPO since passenger.....

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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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FAST NEWS: iMotion Automative dips on trading debut

Wed, 20 Dec 2023 06:58:14 +0000

The latest: Autonomous driving domain controllers maker iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) opened at HK$29.55in their Wednesday trading debut, 0.3% lower than their IPO price of HK$29.65, giving the company a market capitalization of about HK$3 billion ($384 million). Looking up: The local portion of the company’s public offering in Hong Kong was.....

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CHINA BULLETIN: Progress First, Stability Second, Says Politburo

Sun, 17 Dec 2023 07:51:58 +0000

In this week’s issue Beijing says progress over stability, a lifeline for local banks, and TikTok’s $1.5 billion Indonesia bet. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks. Doug Young, Editor in Chief You can sign up to get China Bulletin weekly in your inbox. MACRO.....

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Geely flexes deal-making muscle as Lotus Technology nears listing finish line

Wed, 13 Dec 2023 23:21:12 +0000

The EV arm of Geely-controlled Lotus raised $870 million as it gets closer to becoming a public company through a SPAC listing Key Takeways: By Warren Yang Homegrown Chinese auto giant Geely Holding Group is continuing to build its credentials as a dealmaker in a new energy vehicle (NEV) space that it sees as.....

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Nio gears up to produce its own EVs after buying partner’s factories

Tue, 12 Dec 2023 23:12:26 +0000

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: By Kevin Guo The letters JAC may be set to disappear from the tail logos of vehicles sold under the Nio Inc. (NIO.US; 9866.HK) brand, as the electric.....

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RoboSense steers tricky course in self-drive tech market

Tue, 12 Dec 2023 00:40:57 +0000

Can a Hong Kong listing help the maker of LiDAR automotive sensors break out of a cycle of rising sales but mounting losses? Key Takeaways: By Li Shih Ta Autonomous vehicles need to track their surroundings with high-precision “eyes” if they are to become the future of driving. And so the battle to create the smartest.....

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PODCAST: An EV Newbie Goes to Wall Street, and a Bubble Tea Giant to Hong Kong

Mon, 04 Dec 2023 03:25:36 +0000

By Doug Young & Rene Vanguestaine EV maker Zeekr, owned by car giant Geely, has filed for a New York IPO to raise as much as $1 billion. But with only two years of history, will investors embrace the company? And bubble tea giant Mixue Bingcheng eyes its own listing in Hong Kong. But will.....

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Zeekr offers new Chinese NEV option for global investors

Mon, 13 Nov 2023 06:17:52 +0000

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: By Doug Young As if China didn’t have enough new energy vehicle (NEV) stocks already, a new choice is zooming to the starting gate.....

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iMotion Automotive revs up for IPO with Geely in its rear-view mirror

Mon, 16 Oct 2023 01:03:04 +0000

The maker of autonomous driving domain controllers relies on Geely, one of China’s top private car makers, for 95% of its revenue Key Takeaways: By Lau Chi Hang Autonomous driving has taken pole position among car investors lately. A top believer is electric vehicle (EV) leader Tesla (TSLA.US), whose colorful CEO Elon Musk said at the.....

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