News
Pop star Wang Leehom swaps Denza endorsement fee for BYD stock
1+ hour, 52+ min ago (395+ words) Renowned Mandopop musician Wang Leehom confirmed that he has used the fee earned from endorsing Denza, a premium brand under BYD (HKEX: 1211), to purchase BYD shares. Wang confirmed the move while answering a question at the launch event for the…...
Xpeng rolls out first mass-produced robotaxi, plans pilot operations in H2
19+ hour, 10+ min ago (395+ words) Xpeng (NYSE: XPEV) announced today that its first mass-produced robotaxi unit has officially rolled off the production line in Guangzhou, making the company the first automaker in China to achieve mass production of robotaxis. The new model is built on…...
Xpeng advances Southeast Asia push with Indonesian factory takeover
18+ hour, 14+ min ago (391+ words) Chinese EV maker Xpeng (NYSE: XPEV) has secured a majority stake in a manufacturing entity under Indonesia's Erajaya Group, a move aimed at accelerating its localized production pace in Southeast Asia's largest auto market. PT Sinar Eka Selaras Tbk (Erajaya…...
Analysts expect Onvo L80 monthly sales trajectory to mirror L90
1+ day, 33+ min ago (452+ words) Deutsche Bank analysts expect the sales trajectory of the newly launched L80 large five-seat SUV (sport utility vehicle) under Nio Inc's (NYSE: NIO) sub-brand Onvo to mirror that of the L90 three-row SUV. In the short term " after the initial production ramp-up…...
Leapmotor Hong Kong shares plunge to 2-month low as Q1 loss widens
1+ day, 1+ hour ago (383+ words) Leapmotor's (HKEX: 9863) shares traded in Hong Kong tumbled on Monday, largely driven by a significant widening of the company's first-quarter net loss. As of press time, the stock plunged 11. 15% in early trading to HK$40. 18 per share, touching its lowest level…...
Leapmotor sees Q1 net loss widen despite sales growth
3+ day, 17+ hour ago (371+ words) Leapmotor (HKEX: 9863) saw revenue growth in the first quarter, mainly driven by strong vehicle deliveries. However, the company's net loss widened due to changes in its product mix. The Stellantis-backed Chinese EV maker reported on Friday that its first-quarter revenue reached…...
Huawei HIMA alliance adds Luxeed V9 MPV to growing EV lineup
3+ day, 18+ hour ago (526+ words) Luxeed, a new brand jointly created by Huawei and Chery (HKEX: 9973), officially launched the V9 multi-purpose vehicle (MPV) on Friday, marking the first MPV model under Huawei's Harmony Intelligent Mobility Alliance (HIMA). The Luxeed V9 starts at 389, 800 yuan ($57, 290), a pricing strategy aimed…...
SAIC Audi reportedly to drop fuel cars as German carmaker reshuffles China JVs
3+ day, 20+ hour ago (594+ words) Home " German Auto Volkswagen's premium brand Audi will soon announce a new restructuring plan for its two joint ventures in China to cope with a fiercely competitive environment, Chinese media Mingjing Pro reported on Friday. Audi will transfer the sales…...
Nio launches AGI super star program to recruit top global AI talent
3+ day, 21+ hour ago (408+ words) Nio Inc (NYSE: NIO) is betting heavily on AI, officially launching the "Nio AGI Super Star Program" to recruit top AI talent globally. The cutting-edge AI research and growth project is primarily aimed at current students, fresh graduates, and interns....
Stellantis, Dongfeng strike $1. 18 billion deal to produce Peugeot and Jeep models in China
3+ day, 23+ hour ago (658+ words) Stellantis NV has reached an 8 billion yuan ($1. 18 billion) agreement with China's state-owned Dongfeng Motor to expand the production of Peugeot and Jeep vehicles in China for both domestic and export markets. The Dongfeng Peugeot Citro'n Automobile (DPCA) joint venture is…...