LI Auto Falls Short of Revenue Target Amidst Intensifying EV Competition

LI Auto Falls Short of Revenue Target Amidst Intensifying EV Competition
20 days ago

In a recent financial announcement, Chinese electric vehicle manufacturer LI Auto reported revenues that did not meet analysts' expectations, a concerning development as competition in the electric vehicle (EV) market continues to intensify. The company, which is known for its innovative electric SUV designs, posted a revenue of 4.40 billion yuan (approximately $606 million) for the last quarter, a number that was slightly below the forecast of 4.66 billion yuan.

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Brembo Divests Entire Stake in Italian Tiremaker Pirelli

Brembo Divests Entire Stake in Italian Tiremaker Pirelli
6 months ago

News that Brembo SpA, an Italian maker of high-performance braking systems, has set a high bar with the sale of its entire stake in the well-established Italian tiremaker Pirelli & C. SpA sent ripples throughout the Italian automotive sector. This recent deal has thrown Brembo's investment strategy into a new light, consequently raising eyebrows among market players.

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