Chinabased

China-based fabless chip provider Intchains files for $29M US IPO (Pending:ICG)

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2d illustrations and photos China-based fabless chip provider Intchains Group (ICG) has filed for a proposed $29M US initial public offering. Intchains said in its filing that it was looking to offer 3.6M American Depositary Shares, priced between $7 and $9 apiece, which would raise around $29M if priced at the midpoint. Underwriters would be … Read more

NIO, other China-based EV maker stocks fall after August deliveries reports

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Shares of NIO Inc. NIO, +0.40% fell 2.2% in premarket trading Thursday, even after the China-based electric vehicle maker reported August deliveries that jumped 81.6% from a year ago to 10,677 vehicles. The deliveries included 7,551 premium sport-utility vehicles (SUVs) and 3,126 sedans. In total, the company has now delivered 238,626 EVs as of Aug. … Read more