Alexious Lee News Today

Geely needs to raise funds as it plans to go global, but investor confidence isn't quite there yet

Luxury EV maker Lotus Technology (LOT) is making its debut on the Nasdaq via a SPAC. Lotus Technology CFO Alexious Lee tells Yahoo Finance the move will help…

The auto maker says it has received 19,000 orders for its Eletre vehicle.

Lotus Technology says it has received 19,000 orders for its Eletre vehicle. We test drove one.

SHANGHAI (Reuters) - Lotus Technology, a new unit of China's Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters.

Lotus Technology, a new unit of China's Geely (GEELY.UL) set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters.

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China Regulator Fines Parent Of BMW Partner Over False Accounting (Nikkei Asia) — China’s securities regulator has fined Huachen Automotive Group Holdings and a group of current and former executives almost $9 million over false and incomplete disclosures made during bond sales by the bankrupt corporate parent of BMW’s local joint venture partner. Last week, Brilliance China Automotive, BMW’s Hong Kong-listed partner, revealed that it had discovered that subsidiaries had guaranteed 5.89...

STR/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Automakers are going electric at a frantic pace as countries embrace the race to carbon neutrality. Chinese EV makers stand to benefit from both the electrification trend and government support.  Jefferies analysts name 14 stocks to buy and 4 to watch as the Chinese EV market remains dominant.  Its the t...

Author Bio What happened Shares of  XPeng (NYSE:XPEV) rose 12.5% in January, according to data from S&P Global Market Intelligence. The stock gained ground as the Chinese electric vehicle (EV) company announced a new partnership and received favorable coverage from analysts.  The automaker announced on Jan. 3 that it was collaborating with Livox to bring the companys lidar detection technologies for autonomous driving to XPengs 2021 vehicles. Citi bank analyst Jeff Chu...