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…
Revenue: US$37.0m (down 2.4% from 3Q 2024). Net income: US$1.49m (up 13% from 3Q 2024). Profit margin: 4.0% (up from 3.5% in 3Q 2024). EPS: US$0.14 (up from US$0.12 in 3Q 2024). Trump has pledged to “unleash” American oil and gas and these 15 US stocks have developments that are poised to benefit. NasdaqCM:GTIM Earnings…
Less than 10 per cent of electric vehicle (EV) brands in China will turn a profit in the next five years, as the industry grapples with a price war and chronic overcapacity, according to AlixPartners. However, the country’s top EV players were expected to double their market share in Europe to 10 per cent by…