February 25, 2021

loses

In China, an Electric Car Maker Loses Money but Thinks Big

HEFEI, China — Walk around the sprawling auto factory in central China, and the wealth pouring into the country’s electric car industry quickly becomes clear.

Rows of bright orange, 15-foot-tall robots — 307 of them, mainly from Sweden — whir with activity. They glue lightweight aluminum panels to vehicle frames using aerospace-grade adhesives. In an industry in which speed can mean cost efficiency, the assembly line plods along at half the pace of many lines elsewhere.

Even by the standards of the $1.6 trillion global car industry, an operation like this doesn’t come cheap. In fact, the Chinese operator of

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Tilray stock loses steam as analysts say company not compelling as stand-alone business, look to Aphria deal

Tilray Inc. shares fell on Thursday, as analysts weighed in on the company’s latest quarterly earnings with most looking ahead to the company’s pending merger with Aphria Inc., saying Tilray looks less compelling on its own.

Tilray
TLRY,
+7.79%
reported a loss of $3 million, or 2 cents a share, after reporting losses of more than $200 million in the same quarter a year ago. Revenue came to $56.6 million, or $50.7 million when accounting for excise taxes, after $46.9 million a year ago, or $42.5 million after excise taxes. Analysts on average predicted a loss of 14 cents a

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