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…
Shanghai will host its eighth annual flagship artificial intelligence (AI) conference this weekend as China ramps up competition against the US for supremacy in the fast-developing technology. The three-day World Artificial Intelligence Conference (WAIC), with the theme of “Global Solidarity in the AI Era”, will kick off on Saturday with an opening keynote from Premier…
BEIJING (Reuters) -Chinese automotive firm Zeekr said in a statement on Sunday that used cars described in media reports as having zero mileage were exhibition cars that were insured, but it did not sell or register them. The company has set up a team to investigate and make improvements, Zeekr said, adding that it opposed…
Zeekr’s Origins: Innovation by Design Zeekr is a bold new player that reflects China’s growing influence in the premium EV world. Launched in 2021 as a standalone luxury EV brand under Geely Holding Group—the same company behind Volvo, Polestar, Lotus, and Lynk & Co. Built on Geely’s latest “Sustainable Experience Architecture” (SEA) platform, designed for…
In the second instalment of a three-part series on financial decoupling between China and the US, experts tell the Post how pressure on US-listed companies from the mainland could be a windfall for Hong Kong’s markets. Read the first part here. A month ago, Patrick Tsang, the CEO of Deloitte China, learned that the US…
China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and Mercedes-Benz in the luxury segment as competition in the world’s largest auto market intensifies. The Denza unit on Friday unveiled the six-seat SUV called Denza N9, priced at 389,800 (US$60,860) to 449,800 yuan, which is…
https://www.tipranks.com/news/the-fly/h-c-wainwright-strong-core-scientific-bulls-as-coreweave-ipo-approaches Chinese electric vehicle maker Zeekr (ZK) will unveil a luxury model next month, targeted at luring wealthy consumers away from premium foreign brands such as Mercedes-Benz (MBGYY) and BMW (BMWYY), the South China Morning Post’s Daniel Ren says. The Hangzhou-based unit of Geely Auto (GELYF), mainland China’s second-largest carmaker by sales, said on Monday…
Shenzhen has received a boost to its role in manufacturing humanoid robots after Unitree Robotics set up a new venture to leverage the supply chain and supportive policies of the southern tech hub. Unitree, the country’s hottest robot maker and one of the so-called six Little Dragons based in the eastern Chinese city of Hangzhou,…
Zeekr launched the Zeekr 001 shooting brake and the Zeekr X compact SUV in Egypt. Egypt is the second largest EV market in Africa and is Zeekr’s first stop in Africa. (Image credit: Zeekr) Zeekr (NYSE: ZK) has entered the Egyptian automotive market, launching two models there as the Chinese electric vehicle (EV) maker continues…
Chinese electric vehicle makers are opening flagship stores and assembly plants in Africa as they look to expand on the continent and circumvent tariffs and other import restrictions imposed by the US and Europe. State-owned carmaker BAIC Group and Zeekr, Geely Auto’s premium EV maker, have both announced plans to enter Egypt – a key…