Stay updated with breaking news from Alexious Lee. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JK5MFZ4CWVJ4TK522E4U3C33B4.jpg)
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.
Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
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 billion yuan ($905.91 million) in Huachen bank borrowings without authorization. The latest disclos...
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. It's the technological trend that analysts and investors cannot stop talking about — the future of the auto...
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 company's lidar detection technologies for autonomous driving to XPeng's 2021 vehicles. Citi bank analyst Jeff Chung published a note on the stock the following day, maintaining a buy rating and putting a $57.71 ...