Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in…
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said…
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador
BEIJING — Soccer star David Beckham will promote Alibaba‘s international e-commerce platform, AliExpress, in its biggest global brand ambassador partnership…
This ETF aims to capture China’s own ‘Magnificent Seven’
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza…
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
SHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will…
China’s automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric…
Musk makes surprise visit to Beijing as Tesla’s China-made cars pass data security rules
BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company’s China-made vehicles passed the country’s data…
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans…
