NIO Inc. (NIO) call put ratio 3.1 calls to 1 put into quarter results
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Geely's Zeekr inches closer to U.S. IPO, may file this week
November 9, 2023 10:34 AM ESTReuters reports Thursday, citing unnamed sources, that Chinese automaker Geely's premium electric car brand, Zeekr, is set to publicly release details of its plans this week to list shares on the New York stock exchange (NYSE).
According to the sources, Zeekr will reveal its prospectus, and soon after, its shares might start trading on the stock exchange.
Zeekr filed for a... More
Saudi PIF in discussions to invest in Chinese EV brand
November 7, 2023 9:08 AM ESTAccording to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.
A move supporting the kingdoms initiative to establish a local automotive sector.
The sources disclosed that the Public Investment Fund (PIF) might secure a stake in the Shanghai-based company at a valuation of $3 billion. They added that while an agreement could potentially be reached within the... More
