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China Regulator Fines Parent Of BMW Partner Over False Accounting

China Regulator Fines Parent Of BMW Partner Over False Accounting
(Nikkei Asia) China’s securities regulator has fined Huachen Automotive Group Holdings and a group of current and former executives almost $9 million over false and incomplete disclosures made during bond sales by the bankrupt corporate parent of BMW’s local joint venture partner.
Last week, Brilliance China Automotive, BMW’s Hong Kong-listed partner, revealed that it had discovered that subsidiaries had guaranteed 5.89 billion yuan ($905.91 million) in Huachen bank borrowings without authorization.
The latest disclosures involve two Shanghai-listed units of Huachen, car parts maker Shenyang Jinbei Automotive and Liaoning Shenhua Holdings, an auto distributor and retailer. ....

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Stocks to Buy As China's EV Sector Continues to Dominate: Jefferies

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Automakers are going electric at a frantic pace as countries embrace the race to carbon neutrality.
Chinese EV makers stand to benefit from both the electrification trend and government support.
Jefferies analysts name 14 stocks to buy and 4 to watch as the Chinese EV market remains dominant.
It s the technological trend that analysts and investors cannot stop talking about the future of the auto industry is going to be electric.
In the US, aside from electric-vehicle leader Tesla, legacy automakers such as General Motors and Ford have also pledged a path to an all-electric future while investing heavily in aggressive EV production plans. ....

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Thinking About Buying Stock In Peloton, Nio, Coca-Cola Or Bumble?

Thinking About Buying Stock In Peloton, Nio, Coca-Cola Or Bumble?
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Why XPeng Stock Climbed 12.5% in January

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What happened
Shares of
XPeng (NYSE:XPEV) rose 12.5% in January, according to data from S&P Global Market Intelligence. The stock gained ground as the Chinese electric vehicle (EV) company announced a new partnership and received favorable coverage from analysts.
The automaker announced on Jan. 3 that it was collaborating with Livox to bring the company s lidar detection technologies for autonomous driving to XPeng s 2021 vehicles. Citi bank analyst Jeff Chung published a note on the stock the following day, maintaining a buy rating and putting a $57.71 per share one-year price target on the stock.
Image source: XPeng.
So what ....

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Li Auto Inc Stock Price and News: Bulls eye a Biden boost after the Jefferies jump

Alexious Lee is a name that investors in Li Auto Auto will learn quickly. Lee, an analyst at Jefferies, is not optimistic on the Chinese car firm due ....

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