China Seeks to Consolidate Crowded Electric-Vehicle Industry
China wants its electric-vehicle industry that supports hundreds of car makers to consolidate and strengthen its business, the country’s top auto industry regulator said Monday. “The number of new-energy vehicles companies is too big, and the…
China Vows to Consolidate the Bloated Electric Vehicle Industry
(Bloomberg) — China has vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable. “Looking forward, EV companies should grow…
China Is Accelerating Into The EV Future
Across the globe, the auto industry is struggling with the ongoing pandemic and the supply shortage of semiconductors. Meanwhile, the demand for electric cars continues to rise, especially in the world’s largest auto market. A New Era For Audi As…
BYD CO LTD H SHS (BYDDF), (LI) – China Is Accelerating Into The EV Future
Across the globe, the auto industry is struggling with the ongoing pandemic and the supply shortage of semiconductors. Meanwhile, the demand for electric cars continues to rise, especially in the world’s largest auto market. A New Era For Audi As…
Tesla Stock Is Up Despite a Bad Review. Thank China.
Text size A Tesla Model S Plaid. Courtesy Tesla Stock in the electric-vehicle pioneer Tesla is rising despite a terrible review for the company’s new Model S Plaid edition. The company’s Chinese production numbers in August appear to matter more than…
Tesla Stock: Tesla China Sales Jump On Export-Led Strategy As Overall Chinese EV Sales Triple
Chinese electric car sales tripled in August with Tesla (TSLA) seeing a big bump in export-led sales, the China Passenger Car Association reported Wednesday. Tesla stock rose slightly before the open but reversed by midday. It’s still within buy…
Nio Eyes U.S. Stock Sale in Biggest China Offering Since Didi
(Bloomberg) — Nio Inc. retreated the most in nearly three weeks after unveiling the biggest U.S. fundraising plan by a Chinese firm since Didi Global Inc. Shares in the electric carmaker dropped as much as 6.3% Wednesday after it announced plans to…
Apple Blockbuster Quarter Boosted by Strong Sales in China
(Bloomberg) — Apple Inc. pulled off a strong quarter in China by switching up retail tactics and pushing a cheaper iPhone, becoming one of the few U.S. tech giants to ride the country’s post-pandemic recovery despite Washington-Beijing tensions.…
Exclusive: TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai
By Yingzhi Yang and Julie Zhu BEIJING/HONG KONG (Reuters) – Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S.…
China Criticizes Trump for ‘Double Standards’ Over TikTok
(Bloomberg) — China’s government blasted the U.S. for flouting the rules of global trade and business by threatening to ban TikTok, in Beijing’s strongest defense yet of ByteDance Ltd.’s viral video app. President Donald Trump has said he’s…