|Bid||39.37 x 0|
|Ask||39.38 x 0|
|Day's Range||38.38 - 41.12|
|52 Week Range||7.40 - 51.72|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||86.72|
|Forward Dividend & Yield||0.25 (0.64%)|
|Ex-Dividend Date||Jun. 30, 2020|
|1y Target Est||N/A|
Qualcomm (QCOM) partners Great Wall Motor ("GWM") to provide its Snapdragon Ride Platform, which will power the latter's intelligent driving system. The system will be used in GWM's premium vehicles.
Chinese electric vehicle (EV) battery maker SVOLT Energy Technology will supply a new, cobalt-free battery to carmaker Great Wall Motor next year, its president told Reuters on Monday. Companies from Panasonic to CATL are working on lowering content of cobalt in their batteries because of its financial cost and the reputational cost of a metal associated with poor safety conditions at artisanal mining operations. SVOLT's President Yang Hongxin told Reuters in an interview that SVOLT is testing cars with the new battery with Great Wall with plans to sell the vehicles from next year.
China's auto market has rebounded smartly from the COVID-19 crash in recent months, executives said on Saturday, as a rare in-person trade show was dominated by talk of recovery in the world's biggest car market. While conditions have improved vastly from lockdowns that froze economic activity in the country where the pandemic erupted, the Beijing autoshow is a far cry from the usual ebullience as fewer attend, new models are scant and prospects remain uncertain. Doubts remain over the durability of the recovery, but the focus for now is on bright spots such as strong demand for mid-sized to large luxury vehicles and a flood of interest - and investment - in electric vehicles.