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Geely-Backed EV Maker Zeekr Targets $5.1B Valuation in IPO
By Ben Glickman Geely Automotive-backed electric-vehicle maker Zeekr Intelligent Technology Holding is targeting a valuation of up to $5.12 billion in its initial public offering, the company said Fr
WSJ18:19 ET
NIO Inc. (NIO) Stock Sinks As Market Gains: Here's Why
Yahoo Finance17:45 ET
Geely-Backed Zeekr Expects to Offer 17.5M ADSs in IPO at Price Between $18 and $21 Each
Geely-Backed Zeekr Expects to Offer 17.5M ADSs in IPO at Price Between $18 and $21 Each
Dow Jones17:18 ET
[Broker Focus] Guoxin Securities maintains BYD's share (01211) purchase rating and is expected to maintain its lead in competition and further expand its share
Jinwu Financial News | According to Guoxin Securities Research, BYD's (01211) results showed that the company's revenue for the first quarter of 2024 was 124.94 billion yuan (same below), up 3.97% year on year; net profit attributable to shareholders was 4.57 billion yuan, up 10.6% year on year; net profit attributable to non-shareholders was 3.75 billion yuan, up 5.2% year on year. The company's overall gross margin for the first quarter of 2024 was about 21.9%, roughly the same as the third and fourth quarters of 2023, and remained relatively high. The bank expects the company's total Q2 car sales to continue to grow rapidly. The main reasons are as follows: 1. Public
金吾財訊May 3 05:12 ET
Hong Kong stocks closed (05.03) | Hang Seng Index closed up 1.48%, Technet stocks and gaming stocks once again strong, Fast Dog Taxi (02246) surged 1.25 times during the intraday period
Overnight, the Nasdaq China Golden Dragon Index surged 6%, driving today's technology stocks collectively higher. The Hengke Index once reached the 4,000 mark in early trading; the Hang Seng Index recorded “nine consecutive gains”, setting a record for the longest continuous rise since 2018.
Zhitong FinanceMay 3 04:39 ET
China's Automakers Must Adapt Quickly on the EV Boom in the Face of Regulatory Scrutiny Abroad
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
CNBCMay 3 03:06 ET