Chinese battery maker Sunwoda plans to issue GDRs and list them in Europe
Sunwoda plans to issue GDRs and have them listed on the SIX Swiss Exchange/London Stock Exchange. In March, Gotion High-tech announced a similar plan.
Li Auto to issue up to $2 billion in additional ADSs, shares down 5% in early trading
Li Auto's move seems to be a preparation for its capital needs in the coming years. As of March 31, it had cash reserves of RMB 51.19 billion
Self-driving chip maker Horizon Robotics gets strategic investment from FAW
In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.
CATL officially sets price of its share offering at RMB 410
CATL raises a total of RMB 45 billion through the offering, which will be used for lithium battery capacity construction and technology development projects.
CATL has set price for its share offering at RMB 410, report says
The pricing represents a 12 percent discount to CATL's closing price in Shenzhen on Wednesday and a premium of about 21 percent to the offering's floor price of RMB 339.67.
WM Motor files for Hong Kong IPO
In 2019-2021, WM Motor had vehicle sales of 12,799, 21,937 and 44,152 units respectively.
NIO's battery asset operator raises about $95 million through ABS offering in China
The move comes after Mirattery secured tens of millions of dollars in financing through an ABN offering in April, marking the establishment of its direct access to financing in the exchange and interbank markets.
Chinese self-driving startup WeRide secures strategic investment from Bosch
WeRide and Bosch have signed a strategic partnership agreement to jointly work on smart driving software development.
Chinese eVTOL startup WEFLY secures tens of millions of dollars in angel round funding
WEFLY hopes to become a manned eVTOL operator in the medium to long term, and being an electric shuttle bus in the air is its long-term vision.
BYD's auto finance subsidiary to get about $900 million in capital increase
As demand for BYD vehicles climbs, the number of vehicles for which BYD Auto Finance provides loans is also expected to explode in 2022, BYD said.