NEWS WRAP: GCL Tech profit plummets on falling polysilicon prices
The maker of a key ingredient for solar panel production said its revenue fell 6.2% last year, as it recorded a 3 billion yuan loss in the second half of…
NEWS WRAP: TuSimple to delist, citing the company’s ‘best interests’
The autonomous driving company said its decision was based on weakening market sentiment towards companies with technology that has yet to be commercialized By Doug Young TuSimple Holdings Inc.…
NEWS WRAP: Hesai drives beyond China in new tie-up with Germany’s Webasto
The Chinese company will supply its light detection and ranging (LiDAR) technology used in autonomous driving to the German maker of automotive roof systems By Teri Yu Automotive light…
FAST NEWS: Goldwind drops ‘Xinjiang’ from company name
The Latest: Wind power equipment maker Xinjiang Goldwind Science & Technology Co. Ltd. (2208.HK; 002202.SZ) announced on Thursday that its shareholders approved a motion to drop “Xinjiang” from its company name. Going…
FAST NEWS: XPeng’s EV deliveries drop 21% in April
The latest: Electric vehicle (EV) maker XPeng Inc. (XPEV.US; 9868.HK) announced Tuesday that it delivered 7,079 EVs in April this year, down 21.4% from the same month of 2022. Looking…
FAST NEWS: NaaS Technology Announces Fundraising Plan as Backdoor Merger Nears Completion
The Latest: NaaS Technology Inc. (NaaS), operator of China’s largest independent electric vehicle (EV) charging network, said on Monday it plans to raise money through its ongoing backdoor listing on…
FAST NEWS: Datang Renewable’s power generation jumps 25% in first quarter
The latest: China Datang Corp. Renewable Power Co. Ltd. (1798.HK) announced on Thursday its overall power generation in March was 3.08 million megawatt hours (MWh), up 8.99% from the same…