XPeng Inc. (XPEV) Appoints Fengying Wang as President
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Chinese domestic EV makers report January sales decline following Tesla (TSLA) price cuts
February 1, 2023 8:08 AM ESTChinas top domestic high-end EV manufacturers: Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI), all recorded monthly and year-on-year sales declines in January, with some of the drops exceeding 50%. The weakness follows disrupted production and sales slowed by the weeklong Lunar New Year holiday, as-well-as recent Tesla (NASDAQ: TSLA) price... More
Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an
January 31, 2023 11:59 AM ESTBYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More
Lotus Technology announces U.S. IPO deal with SPAC L Catterton (LCAA)
January 31, 2023 8:29 AM ESTLotus Technology announced on Tuesday that the Luxury electric vehicle startup will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (NASDAQ: LCAA) in a deal that will value the combined group at... More
