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Operating one of the largest robovan fleets globally, Zelos expects to break even once it reaches a fleet size of 50,000 vehicles.

The disclosure comes as Huawei regains the top spot on a full-year basis in mainland China’s smartphone market.

Bringing you the latest updates on funding and investment activity across the Asia Pacific.

The company hopes its EV success will improve its image, which has been defined by its focus on low prices.

Doubao and Seedance featured across key parts of the broadcast.

The city-state has earmarked billions of dollars to develop capital-raising avenues.

The world’s largest EV maker is expected to begin assembly in Pakistan in the third or fourth quarter, according to the partner firm.

Surging post-IPO market caps are setting new valuation anchors and reshaping investor expectations.