Skip to main content

Posts

Showing posts with the label ev industry

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Geely Profit Beats Expectations, Narrows Gap with BYD Despite Stock Drop

Geely Automobile Holdings Ltd.  reported  better-than-expected earnings for 2025 , as strong vehicle sales and internal restructuring helped the company close the gap with industry leader  BYD Co. . Earnings Beat Driven by Strong Sales Growth Geely posted  net profit of 16.85 billion yuan (US$2.4 billion) , slightly above market expectations of 16.5 billion yuan. Revenue surged  25% year-on-year to 345.2 billion yuan , supported by strong demand across its vehicle lineup. On an adjusted basis, excluding one-off items,  profit jumped 36% , indicating improving operational efficiency. Vehicle deliveries rose nearly  40% to 3 million units , driven by popular models such as the  EX2 hatchback (Xingyuan) and premium offerings like the  Zeekr 9X SUV , which has led sales in the high-end segment. Market Share Gains Against BYD Geely has been steadily gaining ground on BYD, even  outselling its rival globally in the first two months of 2026 , m...

Chinese EV Truckmaker Zhizi Eyes $200M Hong Kong IPO

Zhizi’s IPO Plans & Market Position Zhizi Automobile Technology Co is considering a Hong Kong IPO  to raise about  $200 million (¥1.44 billion) . Discussions with advisers are ongoing , but no final decision has been made. China’s Growing EV Truck Market China leads the global EV market  due to  cost advantages, technological advancements, and battery material access . Electric truck sales in China more than doubled in 2024 , highlighting strong demand for commercial EVs. Zhizi manufactures electric trucks, tractors, and commercial vehicles , competing with  Windrose Technology Inc., another EV truckmaker seeking a public listing. Zhizi’s Background & Industry Expansion Zhizi was founded in 2022  by  DECH Future Automobile Technology Co. , a joint venture with  Shaanxi Automobile Holding Group , one of China’s largest heavy-duty truckmakers. The IPO could help Zhizi expand production and compete in China’s rapidly growing commercial EV seg...

Former Tesla Bull Now Predicts Major Crash – Could TSLA Drop 50% in 2025?

Once a strong Tesla supporter,  Gerber Kawasaki Wealth & Investment CEO Ross Gerber  now warns that  Tesla's stock (TSLA) could plunge 50% in 2025 . Having sold  $60 million worth of Tesla shares , he cites growing concerns over Tesla’s  declining popularity, autonomous driving setbacks, and CEO Elon Musk’s shifting priorities . Tesla's stock has already  dropped 16% this year , and Wall Street firms like  JPMorgan  have set a  $135 price target , implying a  60% downside . Key Reasons Behind Gerber’s Bearish Outlook: 1️⃣  Autonomous Taxi Network is Unrealistic  – Musk’s goal of launching self-driving taxis in Austin by June seems  impossible to achieve . 2️⃣  Self-Driving Technology Lacks LIDAR  – Tesla's reliance on cameras over LIDAR raises  concerns about safety and functionality . 3️⃣  Musk’s AI Focus is Hurting Tesla  – With Musk prioritizing AI and  spending less time at Tesla , car...