Xiaomi Shares Jump 9% on Strong Orders for New EV Model
Xiaomi Corp shares jumped the most in three months after the Chinese electric vehicle maker reported strong order numbers for its SkyNomad model.
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Xiaomi Corp shares jumped the most in three months after the Chinese electric vehicle maker reported strong order numbers for its SkyNomad model.
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. As Chinese carmakers diversify beyond CATL, Beijing warns of market overreaction A publication under Chinaโs industry ministry has pushed back against market chatter of โde-CATLisationโ as a growing number of the battery giantโs automotive partners diversify their suppliers, with the...
Chinese electric vehicle (EV) maker Nio has deepened its partnership with Zhejiang Geely Holding Group after agreeing to sell a stake in its battery swap subsidiary to the automotive conglomerate in a deal that values the unit at 16 billion yuan (US$2.4 billion). Geely Holding, controlled by Chinese billionaire Li Shufu, would pay 640 million yuan in cash and contribute its wholly owned battery-swapping unit Yiyi Internet Technology in exchange for a 30 per cent share in Nio Power, Nio said in a...