BYD hits tariff roadblock after ramping up Mexico sales
The Mexican government’s plans to raise tariffs on Chinese-made cars to 50% could stall BYD’s growth engine in the North American market Key Takeaways: The Chinese car maker supplies nearly…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
BYD supplier Cheng-Tech bets on budget option for assisted driving
The automotive sensor maker is seeking IPO funds to boost its capacity, as intelligent driving systems move from luxury cars to mainstream models Key takeaways: The company focuses on millimeter-wave…
INDUSTRY BRIEF: Carmakers speed up supplier payments amid calls to end price war
Several major Chinese automakers announced that starting Tuesday this week they will reduce payment times to their suppliers to within 60 days, amid repeated official calls opposing destructive price wars…
BRIEF: XPeng sustains momentum in May, as Leapmotor sets new sales record
China’s new energy vehicle (NEV) market continued to grow rapidly in May, as multiple brands posted record-high monthly deliveries. XPeng Motors (XPEV.US; 9868.HK) delivered 33,525 vehicles during the month, up…
BRIEF: Xpeng’s EV deliveries zoom in April, as Xiaomi’s sag
China's new energy vehicle (NEV) market continued to show strong demand in April, with several makers reporting strong sales gains for the month. Xpeng Motors (XPEV.US; 9868.HK) was one of…
Microvast zooms with turbocharged margin gains
The EV battery maker reported a huge increase in its gross profit margin last year, a significant achievement that can help it stand out in a crowded field Key Takeaways:…
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