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JD.com Telemedicine Arm Raises $3.5B From Hong Kong's Largest IPO In 2020: WSJ
Wednesday, December 2, 2020 - 5:27am | 287Read More...China’s e-commerce giant JD.Com Inc (NASDAQ: JD) telemedicine unit, JD Health, becomes Hong Kong’s largest initial public offering in 2020 and Asia’s largest healthcare IPO, raising $3.5 billion, the Wall Street Journal reports. What Happened: JD...
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EV Maker Li Auto Matches Xpeng In November Deliveries, Up 26% Over Previous Month
Wednesday, December 2, 2020 - 2:50am | 390Read More...Li Auto Inc (NASDAQ: LI) said it delivered 4,646 electric vehicles in November, which translates to a near 26% gain over October and 32.6% gain over September deliveries. What Happened: The Chinese electric vehicle startup had delivered 3,692 units of their sole EV model, the Li One, in...
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Nio Deliveries Jump 109% In November, Boosts Production Capacity To Keep Pace With Rising Demand
Tuesday, December 1, 2020 - 5:48am | 456Read More...Nio Inc – ADR (NYSE: NIO) reported Tuesday, ahead of the market open, another monthly record deliveries and signaled rising demand for its electric vehicles. Record Delivery Streak Continues: Nio's November deliveries jumped 109.3% year-over-year to a record monthly number of 5,291...
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Xpeng Shares Rebound As EV Marker Reports 342% YoY Jump In November Deliveries
Tuesday, December 1, 2020 - 5:21am | 389Read More...Electric vehicle maker Xpeng Inc – ADR (NYSE: XPEV) reported a strong year-over-year and month-over-month rise in deliveries for November, underlining the strong sales momentum experienced by the industry in general in the hot-and-happening Chinese market. What Happened: Xpeng said...
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Tesla Supplier LG Chem To Double China Output To Fulfill EV Maker's Growing Hunger For Batteries: Report
Tuesday, December 1, 2020 - 2:13am | 515Read More...Tesla Inc (NASDAQ: TSLA) supplier LG Chem is planning to double its battery cell manufacturing capacity in China to meet the electric vehicle maker's demand, Reuters reported Tuesday. What Happened: The South Korean battery maker reportedly plans the move to keep up with Tesla’s...
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Fintech Focus For December 1, 2020
Monday, November 30, 2020 - 5:07pm | 1524Read More...Quote To Start The Day: Whatever you do, do it well. Source: Walt Disney One Big Thing In Fintech: Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year’s biggest acquisition that will create a new data powerhouse...
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China Is Spending Big On 5G, Chips. Now There's An ETF For That.
Monday, November 30, 2020 - 1:25pm | 445Read More...China is one of the largest technology markets in the world and the world's second-largest is spending heavily on the 5G rollout. What Happened: Thanks to the debut of the KraneShares CICC China 5G & Semiconductor ETF(NYSE:KFVG) last week, now there's an exchange-traded fund dedicated...
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Will Nio Or Xpeng Stock Grow More By 2025?
Monday, November 30, 2020 - 8:30am | 389Read More...Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 300 investors on whether shares of Nio (NYSE: NIO) or Xpeng (NYSE: XPEV) stock would grow...
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Tesla Opens 500th Supercharger In China, Xpeng Expands Its Counterpart Service To 20 Cities
Monday, November 30, 2020 - 4:34am | 434Read More...Tesla Inc (NASDAQ: TSLA) and Xpeng Inc (NYSE: XPEV) both announced strides in expanding their charging infrastructure in China. What Happened: The Elon Musk-led Tesla said on Twitter that it had installed its five-hundredth Supercharger in the country in Shanghai, noting that it had just...
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Tesla Gets China Go-Ahead To Sell Shanghai-Made Model Y EVs
Monday, November 30, 2020 - 12:39am | 365Read More...Tesla Inc (NASDAQ: TSLA) has been granted permission by China’s Ministry of Industry and Information Technology to sell its Shanghai-made Model Y vehicles, Reuters reported Sunday. What Happened: The Elon Musk-led company can now sell its domestically-made sports utility vehicle in China,...
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Jack Ma's Ant IPO Unlikely To Happen Before 2022 Over New Regulatory Hurdles: Report
Sunday, November 29, 2020 - 9:42pm | 436Read More...Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022, Bloomberg reported Sunday. What Happened: Chinese regulators are demanding that Ant comply with both new and proposed rules applicable to various fields...
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First Made-In-China Tesla Model 3s Reportedly Begin Arriving In Europe
Sunday, November 29, 2020 - 2:01pm | 312Read More...As Tesla Inc (NASDAQ: TSLA) grows in popularity, it is building factories across the world to meet demand. Not too long ago all Tesla vehicles in the world came out of the Fremont factory in California. Now Tesla has ramped up production in Gigafactory Shanghai, and can use that factor to...
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40% Of Tesla's Sales In 2022 Could Be In China: Wedbush Securities
Sunday, November 29, 2020 - 1:52pm | 304Read More...Wedbush Securities has issued another bullish report on electric vehicles and Tesla Inc (NASDAQ: TSLA). Growth Markets: The report makes the case for believing heavy growth is to come from Europe, the U.S. and, especially, China. Europe is more determined than ever to cut emissions. The incoming...
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Tesla To Spend $6.4M On New Supercharger Factory In China
Sunday, November 29, 2020 - 12:23pm | 222Read More...Tesla Inc (NASDAQ: TSLA) is investing in another factory to build one of its most important products. Reuters reports that Tesla China will invest $6.4 million in a new factory to produce up to 10,000 new Superchargers per year to serve the domestic market. Superchargers allow ...
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High-Flying Chinese EV Stocks Hit Roadblock Amid Domestic Regulatory Scrutiny
Wednesday, November 25, 2020 - 9:06am | 487Read More...The buoyancy seen in the Chinese electric vehicles stocks faces risk in the wake of regulatory scrutiny by China. What Happened: Chinese EV makers Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI), which were all in record territory ahead of...
