$Tesla (TSLA.US)$ Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before). In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
$Futu Holdings Ltd (FUTU.US)$ Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with US$226 billion ($295.3 billion) in assets to compete with Wall Street firms expanding in the country. Under the share swap deal, Guotai Junan will issue A shares and H shares to all holders of its smaller rival Haitong at a ratio of 0.62 to 1. The exchange offer is worth RMB8.57 ($1.58) in China, or a 2.3% discount on Haitong shares in Shan...
$General Motors (GM.US)$$SAIC Motor Corporation (600104.SH)$ GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors? Called the "Light of ASEAN," this concept serves as a preview of the des...
BelleWeather
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Asia gets the best cars! (I hope Tesla succeeds in other aspects of their business, so I understand the need to, um, stifle competition.)
$BYD COMPANY (01211.HK)$$Tesla (TSLA.US)$$NIO Inc (NIO.US)$$XPeng (XPEV.US)$ 1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports. 2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
$SAIC Motor Corporation (600104.SH)$ A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China. A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
The European Commission, which oversees the bloc’s trade policy, has set provisional duties of up to 37.6% on EVs imported from China to counter what it says are unfair subsidies and has canvassed EU member views in a so-called advisory vote. A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said. German carmakers, which made a third of their sales last year in China, have urge...
Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before).
In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with US$226 billion ($295.3 billion) in assets to compete with Wall Street firms expanding in the country.
Under the share swap deal, Guotai Junan will issue A shares and H shares to all holders of its smaller rival Haitong at a ratio of 0.62 to 1. The exchange offer is worth RMB8.57 ($1.58) in China, or a 2.3% discount on Haitong shares in Shan...
GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors?
Called the "Light of ASEAN," this concept serves as a preview of the des...
1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports.
2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China.
A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said.
German carmakers, which made a third of their sales last year in China, have urge...
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