Tesla pioneered and essentially proved the market for electric vehicles, and it's built an unrivaled brand and ecosystem in theEV industry. It's built the world's largest fast-charging network, and its brand ranges from mass-market cars like the Model 3 to luxury vehicles like the Model S,...
Xiaomi was the youngest company to join the Fortune Global 500 and went public in June 2018 on the Hong Kong Stock Exchange. Xiaomi entered the EV market in March 2021 with a $10 billion investment, acquiring Deepmotion for $77 million in July. Xiaomi Auto unveiled the SU7, its first EV...
But industry experts say such businesses could face major difficulties, even as the EV market continues to grow. Reuters news agency reports nearly 50 startup companies have been launched with the aim of buying used EV batteries and reselling them to be used for new purposes. In addition, ...
China's advanced production capacities in the new energy sector have been honed through diligent efforts and genuine expertise, rooted in market competition, innovation, and entrepreneurship, said experts. Produced by Xinhua Global Service You may like New growth opportunities emerge in Xinjiang's tou...
BMW, the German luxury car manufacturer has made significant strides in the EV market. The company kickstarted its journey in the field with the launch of the BMW i3 in 2013. Today, BMW offers an extensive line-up of electric and hybrid cars, such as the i8 sports car and the X5 plug...
Companies in the banking, consumer and electricity sectors have seen their share prices double in the past 2 years and a rush of new flotations from these industries in 2007 is expected to turn local securities into a buyer's market.
Yet BYD played to its advantage in batteries and pioneered the nascent NEV market. After introducing its first LFP battery in 2005, BYD took the lead and decided in 2009 that its development strategy should be new energy when people hardly knew what NEVs were. It was also in those years ...
By the same token, imagine two companies with equal market caps of $250 million and no debt. One has negligiblecash and cash equivalents (CCE)and the other has $250 million in cash. The first company would have an enterprise value of $250 million, while the second company's EV would be...
General Motors (GM) EV line-ups are powered by its Ultium Platform. The company is aiming for an all-electric vehicle in the future and has a long-term goal of no emissions. Currently, GM has the Chevrolet Bolt. GM has also invested $35 billion to become a leader in the EV market....
Former billionaire property tycoon behind collapsed Signa group remains in pre-trial detention February 8 2025 News in-depthTelecoms Mobile operators look to satellite technology to end ‘not spot’ plague Race to bring satellite-connected phones to wider market heats up as some question bullish promi...