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...[initiated] this disruption, so they are more motivated to continue to carry on,” Li said....
...Hong Kong-listed shares of Chinese electric-vehicle makers fell on Monday as concerns mount over compressed margins amid an escalating price war....
...Hong Kong-listed shares in Chinese electric-vehicle maker Li Auto dropped 7 per cent on Friday, after the company slashed its January-March sales volume forecast due to lower than expected order intake....
...Li Auto expects revenues of Rmb31.3bn ($4.4bn) to Rmb32.2bn in the first three months of 2024, short of a market consensus of Rmb36.4bn....
...Hong Kong-listed shares in EV companies Xpeng, Nio and Leapmotor jumped 7 per cent, 6 per cent and 5 per cent, respectively, more than the 2 per cent rise in the benchmark Hang Seng index....
...When Pi Li left Hong Kong’s M+ contemporary art museum last year, it came as something of a surprise....
...$860mn) for the first quarter of 2024, below analysts’ expectations, as the company is grappling with a bruising price war triggered by Tesla as well as stiff competition from homegrown competitors such as Li...
...Hong Kong-listed shares in Chinese smartphone maker Xiaomi jumped as much as 16 per cent on Tuesday after the company’s first electric vehicle appears to have pulled off an early success in an industry overwhelmed...
About 14,000 jobs set to go as brutal price war and EV slowdown hit US automaker
...Regarded as one of China’s biggest challengers to Tesla, Nio has not turned a profit almost a decade after its founding, and is lagging behind local peers such as Li Auto and BYD in sales growth....
World’s largest maker of batteries for EVs reports mixed fourth-quarter results as demand growth softens
...Nio’s share losses recovered to a 4.9 per cent slip in Hong Kong on Monday morning. Its US-listed stock closed 7.7 per cent lower on Friday....
...Li is also set to announce a budget deficit of 3 per cent of GDP and Rmb1tn ($138.9bn) in special government bonds....
Shenzhen Inovance founder says automation tech is indispensable to global supply chains
...The city’s benchmark Hang Seng index rose 2.5 per cent, with mainland sporting apparel group Li Ning jumping as much as 20 per cent after Reuters reported the company was considering taking itself private...
...Traders said Li’s comments prompted a handful of global funds to begin to strategically buy up undervalued shares in Hong Kong, where shares are down about 10 per cent this year....
...“This places huge pressure on BYD and Li Auto, the perennial leaders in the PHEV category, to defend their share,” said Automobility founder Bill Russo....
...Hong Kong-listed shares in Xiaomi jumped as much as 9.6 per cent on Tuesday, after the Chinese smartphone giant announced the launch date of its first electric vehicle....
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