Nio to halt output amid chip shortage

Source: Dukascopy Bank SA
On Friday, Сhina's EV maker Nio Inc announced it would temporarily suspend production at its Hefei factory for five labour days amid global semiconductor chip shortage.
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Fri, 26 Mar 2021 14:32:59 GMT

China's Meituan posts Q4 loss on Friday

Meituan, China's food delivery company, reported a Q4 loss on Friday after posting two quarters of profit in succession, as Maituan has expanded into the business of community group buying that relies on subsidies.

Fri, 26 Mar 2021 12:35:08 GMT

Xiaomi to build EVs using GWM's plant

China's smartphone maker Xiaomi Corp is set to produce electric vehicles using a factory owned by Great Wall Motor, adding it to the list of tech companies, which have joined the smart mobility race.

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