Maker
Apple’s iPhone maker sets record high as AI mania persists
SHARES of Hon Hai Precision Industry soared as artificial intelligence (AI) mania outweighs concerns over a sluggish recovery in the smartphone sector. Hon Hai, which makes iPhones for Apple,...
Chinese EV maker BYD targets 20% jump in annual sales: sources
CHINESE electric vehicle maker BYD has set a 3.6-million-unit sales target for 2024, a jump of 20 per cent from its record-breaking sales last year, according to three people...
Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand
CHINESE electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday (Mar 27), as it grapples with slowing demand and a price war in China.
The company’s US-listed shares...
EV maker VinFast signs partnership agreements with 15 dealers in Thailand
VIETNAMESE electric vehicle (EV) maker VinFast said on Wednesday (Mar 27) that it had signed partnership agreements with 15 dealers in Thailand, its latest effort to expand in South-east...
Luxury EV maker Lucid to raise US$1 billion from Saudi’s PIF affiliate
LUCID is raising US$1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), it said on Monday, sending the shares of the luxury electric carmaker...
Luxury EV maker Lucid to raise US$1 billion from Saudi’s PIF affiliate
LUCID is raising US$1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), it said on Monday (Mar 25), sending the shares of the luxury...
Alibaba raises US$317 million from sale of stake in EV maker XPeng
ALIBABA Group Holding raised US$317 million from the sale of about 33 million of US-traded shares of XPeng, a source familiar with the matter said. Taobao China Holding, an...
Chinese robotic vacuum maker Dreame Tech is said to consider IPO
DREAME Technology, a Chinese maker of smart home appliances such as robotic vacuum cleaners, is considering an initial public offering that could raise at least US$300 million, people familiar...
