China’s top three EV makers, Xpeng, Li Auto and NIO, all experienced bumper sales in December marking strong end to a good year for each of the companies as they chase down market leader Tesla, reports the South China Morning Post. Xpeng Motors and Li Auto each posted a record for monthly sales, while NIO […]
Category: Autos
Embattled Chinese ride-hailing company Didi intends to use a mechanism that will allow it to list shares on the Hong Kong Stock Exchange without issuing new stock or raising any capital, according to two people with knowledge of the matter, reports Reuters. The plan comes as Didi is looking to withdraw from the New York Stock […]
Zeeker, the premium electric vehicle brand owned by China’s Geely Holding, has announced it will manufacture electric vehicles for Waymo, Alphabet Inc’s self-driving unit. The vehicles will be used as full autonomous ride-hailing vehicles in the US, reports Reuters. The vehicles will be designed and developed at Zeekr’s facility in Sweden, and later integrated with […]
Struggling ride-hailing firm Didi has blocked current and former employees from selling company shares indefinitely, another sign of trouble at the company that has been under massive regulatory scrutiny after its New York listing earlier this year, reports the Financial Times. December 27 was supposed to mark the end of a 180-day period during which […]
German carmaker Daimler AG will significantly cut its stake in the Denza electric-vehicle joint venture with BYD, one of China’s largest carmakers, after years of weak sales for the brand, reports Caixin. BYD will own 90% of the business and Daimler 10% after an equity transfer the companies plan to complete in mid-2022, the Mercedes-Benz […]