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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's BYD has 'superior manufacturing and vertical integration,' strategist saysAnthony Sassine, director and senior investment strategist at KraneShares, discusses the Chinese electric vehicle maker's earnings.
Persons: Anthony Sassine
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia, Indonesia and Nigeria are 'long-term' EV plays: Portfolio managerAnthony Sassine of KraneShares discusses India's proposed tax cuts on electric vehicles and growth potential in the EV manufacturing.
Persons: Anthony Sassine, KraneShares, India's Locations: India, Indonesia, Nigeria
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix will benefit from growing demand for A.I.-related semiconductors, strategist saysAnthony Sassine of KraneShares discusses South Korean memory chipmaker SK Hynix's financial results and the outlook for the company.
Persons: Anthony Sassine, KraneShares Organizations: SK Hynix, A.I, SK Hynix's
SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. South Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as demand for memory chips remained sluggish. SK Hynix said the weak memory chip market is on the road to recovery amid robust artificial intelligence demand, which resulted in a smaller second-quarter operating loss. The quarterly losses were narrower than the 3.4 trillion Korean won in the previous quarter which ended in March, and compared to a 4.2 trillion won profit from a year ago. That's compared with expectations for a 2.7 trillion won operating loss, according to Refinitiv estimates, weighted toward analysts that are more consistently accurate.
Persons: SK Hynix, Anthony Sassine, that's Organizations: SK Hynix, ., Korean chipmaker SK Hynix, SK, KraneShares, CNBC Locations: Korean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's visit to China shows how important the market is for Tesla, strategist saysAnthony Sassine of KraneShares says Tesla CEO Elon Musk wanted to "set the story straight" and make sure it's "on the same page" as the Chinese Communist Party.
Persons: Tesla, Anthony Sassine, KraneShares, Elon Musk Organizations: Elon, Chinese Communist Party Locations: China
Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.
Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S
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