From January to September, Li Auto‘s deliveries fell 13.07 percent year-on-year, while Xpeng surged 217.77 percent. For most of the past two years, Li Auto has held the highest market capitalization among China’s EV trio. Xpeng (HKG: 9868) has surpassed Li Auto (HKG: 2015) in market capitalization as the two companies have demonstrated starkly different…
The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto, one of the few profitable EV makers in mainland China,…
Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for haven assets like gold. The Hang Seng Index declined 0.7 per cent to 26,944.34 as of 11am local time, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.5…
As the U.S. stock market continues to show resilience with major indices like the S&P 500 and Dow Jones Industrial Average reaching record highs, investors are closely watching for growth opportunities amid potential economic uncertainties such as government shutdowns. In this environment, stocks with strong insider ownership can be particularly appealing, as they often signal…
Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses…
Zhejiang Leapmotor Technology, once a fringe player in China’s electric vehicle (EV) industry, is beating all its start-up rivals by sales and stock gains this year and analysts say there is more to come. The carmaker’s Hong Kong-listed shares have doubled since January – outpacing better-known peers XPeng and Xiaomi – and have surged more…
Tesla has begun offering its longer-range Model 3 variant to Chinese customers as it fights to regain market share from local rivals amid intense competition in the country’s premium electric vehicle (EV) segment. The US company announced on Tuesday that the new car, which has a range of 830km, would be priced at 269,500 yuan…
Mass-hiring plans among China’s tech giants are serving to reinforce an increasingly popular decision among families for their college-bound children to embrace majors related to science and technology. The determination to capitalise on emerging trends, including a greater emphasis on fields related to artificial intelligence (AI), comes as China’s youth-unemployment rate – comprising 16- to…
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. How China’s ‘big winner’ BYD conquered Sri Lanka’s car market Aggressive pricing, shrewd tax engineering and a…