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Chinese EV Maker NIO to Start Subscription Model in Four European Countries

NIO's founder Li Bin said the subscription model could generate a higher gross margin than selling cars without considering the infrastructure or the entire upfront fixed investment.

ENGLISH

HeatherZou· 9小時前

Geely Acquires 7.6% Shares of Aston Martin, Extending Auto M&A Spree

As a potential buyer with interests in luxury automaker Aston Martin long before the recent deal, Geely only notched some of shares so it is noticeable for any future development.

ENGLISH

若離· 10月8日

SRBG to Buy Major Potash Mine in East Africa for $166 Million

State-owned construction company SRBG is foraying into mining and clean energy.

ENGLISH

HeatherZou· 10月7日

China's Biggest Private Vaccine Maker AIM Vaccine Debuts in Hong Kong

About 60% of the proceeds will be used to advance the research and development of vaccines and diversify its vaccines, 35% to fund capital expenditures for the construction of new manufacturing facilities, and 5% to support its sales and marketing activities.

ENGLISH

HeatherZou· 10月7日

China's Gotion to Invest $2.36 Billion to Build Battery Plant in the U.S.

Supported by the Michigan state government, the project is regarded as a positive signal by the EV industry.

ENGLISH

HeatherZou· 10月7日

CATL Rival CALB Flat in Hong Kong Debut amid Weak Demand

As the first EV battery manufacture listed in Hong Kong, CALB became the third to launch a Hong Kong listing crossed US$1 billion. However, the performance seems weaker than the expectation that could have revived the local IPO market.

ENGLISH

若離· 10月7日

Apple Said to Seek First Making Headphones in India, Reducing Dependence on China

Apple last month confirmed it would first assemble latest flagship iPhone in India. JP Morgan then expected India-made iPhones could account for 25% of worldwide production by 2025.

ENGLISH

若離· 10月6日

Baowu Steel Partners with Singapore Firms for Simandou Project

Baowu Steel would join hands with Singapore firms to work on infrastructure construction in Simandou North.

ENGLISH

HeatherZou· 10月5日

CATL to Become the Second Largest Shareholder of Mining Company

The transaction will help CATL's business development, deepen its cooperation with CMOC, and enable it to build a resilient global supply chain system by leveraging their respective advantages.

ENGLISH

HeatherZou· 10月5日

BYD Wins 100,000-Vehicle-Deal to Further Expand European Market

The new partnership came after BYD announced to break new sales record for the seventh consecutive month, and its overseas sales in September rose about 52% from the previous month.

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若離· 10月5日

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