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Leapmotor to Begin Trading on Hong Kong Exchange Sep. 29th

September 21, 2022 10:53 AM EDT

Leapmotor, a Chinese electric vehicle company based in Hangzhou, announced on Tuesday that the company will issue 131 million shares on the Hong Kong Stock Exchange at a price of HK $48 to HK $62 ($6.12 $7.9) per share. Shares in the electric vehicle maker will start trading on September 29th. With an upper limit of HK $62, the market value of Leapmotor is estimated at about HK $70.848 billion ($9.03 billion), and the highest... More

Nio’s (NIO) Hungary Plant Ships First Battery Swap Station to Germany

September 19, 2022 11:46 AM EDT

Chinese electric car maker, Nio Inc. (NYSE: NIO) celebrated a milestone on Friday the shipment of the companys first battery swap station produced by the companys Power Europe Plant. The station, produced by NIOs first overseas plant, in Hungary, was shipped to Germany for installation.

"It... More