Tag: Media
China’s Nio Unveils Executive EV to Take on Panamera
[ad_1] Chinese electric carmaker Nio Inc. unveiled a flagship sedan at its annual customer event Saturday, with the vehicle set to take on Porsche AG’s Panamera series and Mercedes-Benz Group AG’s luxury S range. The four-seater executive sedan dubbed ET9 is expected to start delivery in the first quarter of 2025, with an estimated starting price at around 800,000 yuan ($112,000). It is more expensive than Tesla Inc.’s Model S, which starts at 698,900 yuan in China. [ad_2] Source link
Korea Is Said to Seek Fines on HSBC, BNP for Naked Short Selling
[ad_1] South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.7 million) each on HSBC Holdings Plc and BNP Paribas SA for so-called naked short selling, which is considered illegal in the country, according to two people familiar with the matter. The nation’s Financial Supervisory Service made the recommendation to the Securities and Futures Commission under regulator Financial Services Commission, said the people who requested anonymity discussing private matters. [ad_2] Source link