The company posted 2.5 billion yuan in revenue, up 17% year-on-year. At the end of the reporting period, it had 9.5 billion yuan in total assets and 3.7 billion yuan in total liabilities. Follow the Chinese markets in real time with Caixin Global’s new stock database. Go to Source
Author: World_Newz Mon
World NM: Used car dealers at odds with carmakers entering secondhand vehicle market001531
By Baek Byung-yeul Hyundai Motor and other domestic carmakers have been facing difficulties launching their own used car businesses, as drawn-out negotiations with the used car industry have been going nowhere. The used car industry demanded that the two carmakers sell only 110,000 used cars per year, while Hyundai Motor and other car brands demanded… Continue reading World NM: Used car dealers at odds with carmakers entering secondhand vehicle market001531
World NM: Exports grow for 10th month in August on solid sales of chips, autos001530
South Korea’s exports have extended their gains to 10 months, jumping 35 percent on the back of robust demand for chips and automobiles, and underpinning recovery momentum in Asia’s fourth-largest economy, data showed Wednesday. Imports climbed 44 percent to $51.5 billion, resulting in a trade surplus of $1.67 billion. The financial arm of Yonhap News… Continue reading World NM: Exports grow for 10th month in August on solid sales of chips, autos001530
World NM: Tech Insider: GAC Looks for Private Partners, Baidu Tests New Car, Brain Disorder Startup Raises $77 Million001529
Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and dealmakers in China’s tech scene. The parent will retain control of GAC Aion after bringing in strategic investor as it ultimately prepares to list the firm. Go to Source
World NM: Evergrande Electric Car Unit Says Ballooning Losses May Force Production Delays001528
As China Evergrande Group struggles with a financial crisis, the property developer’s electric car unit is offering little relief, saying that its ballooning first-half loss may force it to delay the start of mass production. In early August, shares of Evergrande NEV rose 8% after Reuters reported that its parent is in talks to sell… Continue reading World NM: Evergrande Electric Car Unit Says Ballooning Losses May Force Production Delays001528
World NM: Cyril Amarchand Mangaldas advises CarTrade on its Initial Public Offering of INR 2999 crores001527
Cyril Amarchand Mangaldas advised CarTrade Tech Limited (CarTrade) on Initial Public Offer (IPO) of the Company. Also, received “Law Firm of the Year” award at the Asian Legal Business (ALB) India Law Awards 2020 and “Law Firm of the Year, India” at the Asialaw Regional Awards 2020. The firm was recognised as the “Most Innovative… Continue reading World NM: Cyril Amarchand Mangaldas advises CarTrade on its Initial Public Offering of INR 2999 crores001527
World NM: Hyundai honorary chairman to donate 10 bln won to vaccine center001526
Hyundai Motor Group’s Honorary Chairman Chung Mong-koo will donate 10 billion won (US$8.6 million) to a vaccine development center run by a local university to help fight the new coronavirus pandemic, the company said Tuesday. The vaccine development institute has been developing vaccines to prevent infectious diseases and treat them. The country added 1,372 more… Continue reading World NM: Hyundai honorary chairman to donate 10 bln won to vaccine center001526
World NM: Czech auto industry revving up for e-mobility transition 31.08.2021001525
The auto sector is a lynchpin for the Czech economy. Not only does the EU’s Fit 55 plan demand a huge shift for a key industry, but it cuts to the very heart of the Czech economic model adopted when communism fell. For that to happen, the government needs to get on board, but despite… Continue reading World NM: Czech auto industry revving up for e-mobility transition
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World NM: Regulators taking wheel in driverless sector001524
Series of mishaps place fast-growing industry under greater scrutiny Level 2 vehicles can control steering, accelerating and decelerating, but are far from self-driving functionality and a human must sit in the driver’s seat and be ready to take control of the car at any time. Tesla, the first to offer ADAS features, calls its systems… Continue reading World NM: Regulators taking wheel in driverless sector001524
World NM: The Ford Mustang is going hybrid in 2025, dealers told001523
Way back in 2017, then-Ford CEO Mark Fields said that there would be hybrid versions of the Ford F-150 and Mustang on sale by 2020. Unlike General Motors, which has ended the development of hybrid vehicles to focus on all-electric models, Ford is pursuing both technologies and has an extensive lineup of hybrids and plug-in… Continue reading World NM: The Ford Mustang is going hybrid in 2025, dealers told001523