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Geely Holding Group (GELYF) says it is talks with Foxconn (FXCOF) to provide contract manufacturing services to electric vehicle maker Faraday Future in China. Geely also said that it is a minority investor in Faraday's future listing through a SPAC merger with Property Solutions Acquisi...
Baidu's entry into EV-making is the main driver in getting market players truly excited and sending the stock parabolic in the past weeks. This article endeavors to determine if the current valuation is justified and what is the upside remaining. I argue that the share price of Ba...
NIO, the second most valuable auto maker, has huge expectations to meet as one of China's most prominent domestic EV startups. After a successful NIO Day, NIO priced $1.3 billion in convertible notes due in 2026 and 2027, which quickly went oversubscribed. More investment capital ...
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Friday, after one of the company's co-founders was named CEO of Foxconn's new electric-vehicle business. As of 10:30 a.m. EST, NIO's American depositary shares were trading down about 5.2% from Th...
The news out of the electric vehicle world is as electrifying as ever,Alibaba ([[BABA]] +3.0%) is launching an electric sedan with wireless charging under a new brand formed together with state-owned SAIC Motor, according to Nikkei.The sedan unveiled under the brand name IM for "intelligence ...
Taiwan's Hon Hai Precision Industry (OTC: HNHPF) , better known as Foxconn, the firm that assembles Apple 's iPhones, has formed a joint venture with Chinese automaker Geely Automobile Holdings (OTC: GELYF) aimed at making cars for other companies. The deal, anno...
General Motors < >continues to make noise at CES with talk of the company's personal air mobility plans today adding to the buzz over the new BrightDrop business unit aimed at providing delivery vans and services.In a surprise reveal, the company says Cadillac’s portfolio under...
When it comes to EVs, all eyes are on Tesla’s (NASDAQ: TSLA) whose fortunes have made it the highest-valued car company in the world, and now its CEO, Elon Musk, the richest man in the world, overtaking Amazon’s (NASDAQ: AMZN) Jeff Bezos. But while Tesla has carved a path for ...
In a positive start to 2021, the representative ETFs of Chinese companies rallied by a wide margin over with their respective U.S. counterparts. The outperformance came despite the dark cloud of investment bans on Alibaba and Tencent, as well as usage prohibition of certain Chine...
It's official: Baidu (BIDU) says it will set up a company to partner with Chinese automaker Geely (GELYF) to make smart electric vehicles.Baidu says it will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely will contribute its expertise in...