63 m. ago Chinese EV maker Li Auto unveils industry’s cheapest AI glasses at US$282

Chinese electric vehicle maker Li Auto has launched its first wearable product, the Livis artificial intelligence glasses, marking a bold foray into the rapidly expanding market already crowded by tech giants like Alibaba Group Holding, Huawei Technologies and Xiaomi. The device is priced at 1,999 yuan (US$282), but buyers who place an order before December 31 qualify for a 15 per cent rebate via the government-backed subsidy programme, bringing down the price to 1,699 yuan. That effectively...

Politics

3 d. ago From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares. The shares have been priced at HK$58 each....

Economics

3 d. ago China’s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline

Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio. The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday’s closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday. The...

Economics

4 d. ago Chinese EV maker Zeekr launches in Germany with three models

Chinese EV maker Zeekr launches in Germany with three models  Reuters

Politics

9 d. ago Chinese carmakers boost robotics efforts, Xpeng posts record revenue: 7 EV reads

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. China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape Leading Chinese electric vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors...

Politics

1 week ago China strengthens global drone dominance with record orders at Dubai Airshow

A Chinese drone maker has secured 1,600 orders for industrial models at the recently concluded Dubai Airshow – marking the largest ever single-order deal for the country’s manufacturers at the biennial event, as its companies target emerging markets. The deal, secured by Shenzhen-based United Aircraft, covered industrial drones used for low-altitude logistics, medical deliveries and agricultural applications in the United Arab Emirates and other markets, local outlet SZnews.com reported. The...

Events

2 w. ago Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner  The Wall Street Journal

Politics

2 w. ago China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape

Leading Chinese electric-vehicle (EV) maker Xpeng reported record quarterly revenue and sharply narrowed losses in the third quarter, even as its Hong Kong-listed shares fell on Monday after investors shrugged off a bullish call from JPMorgan. The Guangzhou-based firm’s net loss narrowed by nearly 80 per cent to 380.9 million yuan (US$53.6 million) in the third quarter from 1.81 billion yuan a year earlier, according to a filing to the Hong Kong stock exchange. Revenue surged 101.8 per cent year...

Politics

2 w. ago Chinese EV maker XPeng forecasts weak fourth quarter revenue amid fierce competition

Chinese EV maker XPeng forecasts weak fourth quarter revenue amid fierce competition  Reuters

Politics

3 w. ago China’s US$8 billion power bank giant Anker seeks Hong Kong listing

Chinese maker of portable charging devices Anker Innovations, which went viral last year as the preferred power bank of US President Donald Trump, plans to list in Hong Kong amid US scrutiny and recent product recalls. Based in Changsha, the capital of central China’s Hunan province, Shenzhen-listed Anker will apply to offer its shares on the main board of the Hong Kong stock exchange, it said in a filing with the Shenzhen bourse, on Wednesday. The move aimed to “further advance the company’s...

Economics

3 w. ago Xpeng touts driverless cars, Volkswagen eyes making chips in China: 7 EV reads

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. Chinese EV maker BYD’s sales surge in Europe, narrowing gap with Tesla Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. 2. Nexperia saga sees...

Transport

3 w. ago Nexperia: Battle over Chinese chip maker rocks global car industry

Nexperia: Battle over Chinese chip maker rocks global car industry  BBC

Events