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Daniel Ren
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and marketsLanguages Spoken:
English, Mandarin
Regulator bans tactics that result in a net loss per vehicle after a 7 per cent drop in the average car price.
Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.
Guangzhou-based Pony AI begins output of 1,000 autonomous cabs and targets a 3,000-unit fleet by the end of 2026 as it expands globally.
Company touts 100 million swaps, but fast-charging batteries are eating into the technology’s speed advantage, analyst says.
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Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.
US EV giant opens hub to advance its Full Self-Driving software, as Chinese carmakers step up their own L3 autonomous driving plans.
The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.
After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.
After years at full throttle, China’s EV sector is slowing sharply, with sales sliding in January as tax breaks fade and costs rise.
Low interest rates and seven-year payback periods replace price discounts while EV sales drop and materials costs rise.
Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.
As Tesla diversifies into humanoid robots and self-driving cars, its Chinese competitors are also moving into flying cars, robots and chips.
The findings show how European firms must maintain a delicate balancing act between China’s tight security and focus on self-reliance.
Guangzhou-based EV maker targets more than 90,000 overseas deliveries this year amid fierce competition at home.
Shenzhen-based company expects to sell 1.3 million cars this year outside mainland China.
Tesla’s grip on China’s premium sedan segment has loosened, as a bruising price war reshapes the EV landscape.
Foreign carmakers ‘will fight back because they will have the same products’ as their Chinese rivals, consultancy head Denis Depoux says.
China’s ‘low-altitude economy’ is shifting from concept demos to commercial planning amid surging orders.
Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.
International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.
China’s pharmaceutical industry surges on ageing demand and global expansion, with revenue forecast to top US$2.1 trillion by 2030.
Canada will drop the 100 per cent punitive tariffs on Chinese-made pure electric cars while setting an annual import quota of 49,000 units.
The 27-year-old is the most decorated Olympian in Chinese history, with 10 medals across the past two Olympic Games.
Typical subsidy on an EV drops by around US$1,150, changing buyer calculations and exacerbating the sector’s profitability woes.
Agreement on price floors will allow mainland carmakers to avoid price wars and nurture brand reputation, analysts say.
Tech companies on Shanghai, Shenzhen exchanges now trade nearly 40 per cent above the Nasdaq 100, boosting the appeal of going public.
‘Chinese assets’ appeal will further increase this year because of a sharpened focus on diversified investments,’ UBS’ Thomas Fang says.
Aridge, formerly AeroHT, eyes listing this year as it aims to accelerate its efforts in the low-altitude market, sources say.
Task force set up to protect supply-chain vendors and stabilise manufacturing amid fierce price wars.
