CATL earnings slip masks charged-up ambitions 18 Mar 2024 The world's largest battery maker suffered its first quarterly net income drop in two years as EV demand stuttered. US-China tensions are a problem, too. Yet its core business is solid. And boss Robin Zeng looks set to use CATL's heft to take advantage of smaller rivals' pain.
JD gives China bargain hunters glimmer of hope 7 Mar 2024 The $36 bln retailer improved quarterly sales and profitability and is boosting dividends and buybacks. It's nothing spectacular, but JD's beaten-down shares rallied 16%. Amid geopolitics, China's economic woes and rock-bottom valuations, getting back to basics can pay off.
Ford’s supply wreck overshadows Detroit’s optimism 21 Sep 2022 The carmaker saw $7 bln wiped off its valuation after saying shortages would crimp results. Still, both it and General Motors have clung to upbeat full-year profit predictions. Add in spiraling costs and tightening credit, and their happy outlook is increasingly discordant.