Eve Energy, China’s fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country’s industrial gems. The Shenzhen-listed company said on Tuesday that its board had endorsed…
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer. Just as the world’s leading electric-vehicle maker BYD also makes EV batteries, HiTS has expertise…
CLN KraneShares April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1%…
Hong Kong’s market for initial public offerings (IPOs) has come roaring back. Attractive valuations, strong liquidity and supportive government policies, what’s not to like? Concerns about geopolitical tensions and a trade war have taken a back seat, at least for now. Certainly, a 90-day truce in the tit-for-tat tariffs battle between China and the United…
Apollo Go, which operates one of the world’s largest networks of robotaxis, has expanded the testing of its autonomous taxis across more locations in Hong Kong, moving closer to launching its services in the city. Currently, a fleet of 10 vehicles is operating on streets in Cheong Hing Road, Second Sky Street, Airport Expo Boulevard,…