“Expert Corner” is a special section on Bamboo Works where executives and professionals from investor relations, public relations, financial services and other related fields can share their expert views and perspectives on the latest trends in their sector. If you are interested in contributing, please contact us at info@thebambooworks.com

Is Elon Musk Actually Right About ESG?

While the “environment” element of ESG is relatively well defined, the “social” and “governance” pieces are far more subjective By Edith Terry Mad genius Elon Musk may get more hate mail than Johnny Depp’s ex-wife actress Amber Heard these days, and I am certainly not a fan. But when he fired off a tweet calling ESG a “scam” that has been “weaponized by phony social justice warriors” on May 18, immediately after S&P Dow Jones Indices dumped his electric carmaker Tesla Inc. (TSLA.US) from the S&P 500 ESG Index, I…

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China-Led Phoenix Motor Sputters With Watered Down U.S. Listing Plan

Electric vehicle maker aims to raise $20 million from its Nasdaq IPO, down from a previous $150 million target, which is only enough to fund its operations for a year Key takeaways: China-linked American EV startup Phoenix Motor has slashed the fundraising target for its U.S. IPO to $20 million from a previous $150 million The money-losing company has only sold 104 EVs since its inception, and says the latest fundraising target can finance its operations for just a year By Rajiv Sekhri A former American electric vehicle (EV) highflyer…

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CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing

Former car designer has jumped on China’s electric vehicle bandwagon, aiming to tap a market that accounts for more than half of global EV sales Key takeaways: CH-Auto has announced plans for a U.S. SPAC listing, joining Chinese electric vehicle makers Nio, XPeng and Li Auto with New York-traded shares The company said the last two years have been “quite challenging,” following disappointing sales for its high-end Qiantu K-50 electric sports car By Rajiv Sekhri Make way, Nio (NIO.US; 9866.HK), XPeng (XPEV.US; 9868.HK) and Li Auto (LI.US; 2015.HK). That trio…

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China New Higher Education Thrives on Strong Record, Government Support

Vocational educator placed 98% of its graduates last year, giving it leverage to raise tuitions that powered a 31% revenue jump in its latest financial report Key Takeaways: China New Higher Education placed 98% of its graduates last year, much higher than the industry average, allowing it to raise tuitions Company should benefit from a slew of government policies supporting the sector, including continued involvement by private players By Fai Pui It’s graduation season again, which means a record 10 million students will be hitting the Chinese workforce this year,…

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FAST NEWS: Nio Halts EV Manufacturing Due to Covid Disruptions

The latest: Nio Inc. (NIO.US; 9866.HK) said on Saturday it has halted production of its electric vehicles (EV) due to supply chain disruptions, according to a Reuters report citing the company’s mobile app. Looking Up: Nio isn’t the only major EV maker to halt its car manufacturing operations due to widespread restrictions as China deals with its worst outbreak of Covid-19 to date. The company’s larger rival Tesla (TSLA.US) halted manufacturing at its China plant in Shanghai for similar reasons in late March. Take Note: The closure is likely to…

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Ganfeng Lithium Profit Soars on Skyrocketing Prices, as Company Moves Into Batteries

The lithium producer is moving aggressively to integrate its supply chain, as exploding demand for new energy batteries fuels its profits Key takeaways: Ganfeng Lithium said its profit last year surged as much as 4.37 times on soaring lithium prices Company’s new battery-related projects and new production capacity could provide important future growth engines By Fai Pui Sometimes known as “white oil”, lithium is probably the most talked-about periodic table element in financial markets lately. You are also probably no stranger to it, either. Given how important it is for…

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Good Concept, But Bad Timing? Rare Earth Producer JL Mag to List in HK

The state-owned maker of high-performance rare earth materials will complement its A-shares with a new float in Hong Kong Key takeaways: Rare earths producer JL Mag plans to raise up to $650 million through a Hong Kong IPO by selling shares at a discount of up to 39% to its A-share price Analysis suggests U.S.-China trade frictions may limit the stock’s post-IPO upside potential By Jony Ho Rare earths, a collective name for 17 metallic chemical elements, are widely used in a range of important fields, from defense to communications…

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Nanjing Hanrui Launches HK Listing Despite Fading Future for Cobalt

Company forges ahead with new IPO, even as the metal that’s its big bread winner is being phased out of many EV car batteries Key takeaways: Cobalt producer Nanjing Hanrui has applied to list in Hong Kong for a second time The company’s core products could face headwinds as names like Tesla and Nissan strive to use cobalt-free batteries in their EVs By Jony Ho Known by the symbol “Co” on the periodic table, cobalt may be relatively unfamiliar to most. But the silvery gray metal has boomed in recent…

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