CATL and BYD‘s combined EV battery installations in January amounted to 35.9 GWh, or 55.8 percent of the 64.3 GWh worldwide. The top 10 also included China’s CALB, Gotion High-tech, Svolt Energy, and Eve Energy. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest makers of electric vehicle (EV) batteries…
Mar 4, 2025 Chinese tech giant Xiaomi has announced plans to expand its electric vehicle (EV) business internationally by 2027, following the successful domestic launch of its first mass-produced car, the SU7. The full story is available on the South China Morning Post. The decision to move into overseas markets comes as Xiaomi aims to…
The southern Chinese megacity of Shenzhen has unleashed a barrage of policies aimed at propelling itself to the forefront of the global artificial intelligence and robotics industries, as the metropolis seeks to reaffirm its status as China’s leading technology hub. In a rare move, the city rolled out three major action plans in a single…
A BYD Seal EV is shown at the Geneva Motor Show 2024 as the company tries to expand sales outside of China. John Keeble/Getty Images BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) in a share placement to deal with fierce competition at home and…
China’s largest electric vehicle (EV) maker BYD plans to raise up to HK$40.7 billion (US$5.05 billion) in a primary share placement to support its research and development efforts and overseas expansion, according to a term sheet seen by the Post. The company will issue 118 million shares at between HK$333.00 and HK$345.00 per share to…
China’s electric vehicle (EV) manufacturer BYD plans to raise $5.2 billion in a new share sale that would be the biggest such offering in Hong Kong in four years, Bloomberg News reported on Monday, citing the terms of the placement. The share sale will also be BYD’s largest raising of funds since the company was…
When some of China’s leading entrepreneurs met Xi Jinping last week, state television showed only the back of their heads, and its 45-second clip included none of their words. But the meeting itself, the first of its kind for seven years, and the presence of Alibaba founder Jack Ma sent a powerful signal to the…
I predict that Donald Trump is going to end up being very costly to Elon Musk’s tech empire. Until quite recently, investors were all in on the Trump-Musk bromance. Bloomberg calculated that the value of Musk’s companies had risen by $613 billion between early November 2024 and mid-February 2025, assuming anticipated funding rounds went as…
Shares of Tesla fell nearly 8% Tuesday on news that sales in Europe were down 45% in January. The decline bucked a positive trend for sales on the continent broadly. Some Tesla investors have grown bearish on the stock in recent months. Tesla shares tumbled sharply on Tuesday as data showed the electric vehicle maker’s…
CLN KraneShares Key News Asian equities were largely lower despite a weaker U.S. dollar overnight, as Japan outperformed and India underperformed. Hong Kong-listed growth stocks were hit with profit-taking, triggered by President Donald Trump’s last Friday night release stating “The Committee on Foreign Investment in the United States (CFIUS) will be used to restrict Chinese…