IP属地 : 北京
Nio Shares Rise following Reported Plan to Spin off Battery Unit and Q3 Bottom Line Beat
The spinoff plan underlines Nio's working to achieve profitability sooner since it previously planned to develop and produce some batteries on its own and outsource production for the remainder to other suppliers
China's Supply Chain is Indispensable to Tesla's Manufacturing Advantage, VP Says
Tesla Shanghai Gigafactory has achieved a localization rate of more than 95% of components, with an automation rate of more than 95%, and it takes less than 40 seconds to make a vehicle.
China Says Concerns over Growth Prospects are Unwarranted after Moody's Cuts Credit Outlook
The Chinese economy will still have huge resilience and potential, and will remain an important engine for stable growth of the world economy as its long-term sound fundamentals remain unchanged, an official from the Ministry of Finance said.
US to Tighten up EV Tax Credit to Limit Chinese Firms and Battery Parts
The new limits could pose risks about US efforts to develop its EV industry as two thirds of global battery cell production is in China, and China also leads the global processing of minerals needed for EV batteries.
Global Smartphone Shipments Set to Rise 7.3% in Q4, Driven by China Resurgence: IDC
Despite the strong rebound in Q4, global shipments in 2023 is expected to fall 3.5% from last year to 1.16 billion units, which is still better than the previous forecast as IDC foretasted a 4.7% drop earlier this year.
Mercedes and BMW First Join Hands to Build EV Charging Network in China
The new venture aims to establish a network of at least 1,000 high-power charging stations with around 7,000 high-power charging piles by the end of 2026.
BYD Shatters Sales Record Again as Chinese Peers Double EV Deliveries in November
Aion, Li Auto, Xpeng and Zeekr set their monthly delivery records. Li Auto and Xpeng had a triple-digit year-over-year growth each.
Tencent Largest Shareholder Further Sells, Cashing out $5 Billion Since April
Prosus vowed to remain a significant shareholder of Tencent, "reflecting our confidence in its leadership team to deliver value for shareholders.”
Bilibili Shares Plunge over Wider-than-Expected Q3 Loss and Weak Sales Guidance
Bilibili expects total net revenues this year to be at the low-end after cutting the revenue guidance by up to RMB3.5 billion three months ago. Both of its Hong Kong-listed and US-listed share plunged more than 10% following financial results.
Meituan Warns Food Delivery Slowdown after Double-Digit Growth in Q3
Meituan shares dived more than 10% after the company posted stronger-than-expected sales in Q3 but warned its core business will slowdown in Q4 amid headwinds, like warm weather, macroeconomy, base effect.