Daniel Ren

Shanghai

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.

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Latest from Daniel Ren

Explainer | In China’s EV war, here’s how tech giants will shake up the world’s biggest auto market

Two partnerships forged this week by China’s leading carmaker Zhejiang Geely with search-engine company Baidu and Apple supplier Foxconn, hint at how the sector is being reshaped.

15 Jan 2021 - 10:01AM

Two partnerships forged this week by China’s leading carmaker Zhejiang Geely with search-engine company Baidu and Apple supplier Foxconn, hint at how the sector is being reshaped.

In China’s EV war, here’s how tech giants will shake up the world’s biggest auto market
Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment

The world’s largest contract manufacturer of consumer electronics is teaming up with China’s leading carmaker to assemble made-to-order electric cars.

13 Jan 2021 - 8:30PM

The world’s largest contract manufacturer of consumer electronics is teaming up with China’s leading carmaker to assemble made-to-order electric cars.

Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment
Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms

The company, one of three Chinese electric vehicle start-ups viewed as potential rivals to Tesla, said on Tuesday that it had secured credit from five lenders.

13 Jan 2021 - 10:47AM

The company, one of three Chinese electric vehicle start-ups viewed as potential rivals to Tesla, said on Tuesday that it had secured credit from five lenders.

Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms
China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market

The slump-defying second half explains why global carmakers and start-ups are doubling down on their investments, sales and marketing in China, betting on the spending power in the world’s second-largest economy to make up for declines elsewhere.

12 Jan 2021 - 2:39AM

The slump-defying second half explains why global carmakers and start-ups are doubling down on their investments, sales and marketing in China, betting on the spending power in the world’s second-largest economy to make up for declines elsewhere.

China’s second-half car sales defy global slump with 8 per cent gain, as buyers return to showrooms in world’s largest vehicle market
Chinese parts suppliers ride Tesla-powered electric-car boom as top battery maker surpasses Bank of China, Midea, PetroChina in size

The electric-car boom has turned battery maker Contemporary Amperex Technology into China’s eighth largest stock by market value, surpassing Bank of China, Midea Group and PetroChina.

11 Jan 2021 - 12:23PM

The electric-car boom has turned battery maker Contemporary Amperex Technology into China’s eighth largest stock by market value, surpassing Bank of China, Midea Group and PetroChina.

Chinese parts suppliers ride Tesla-powered electric-car boom as top battery maker surpasses Bank of China, Midea, PetroChina in size
China’s EV war: Tesla faces a rival with a record 621-mile range as NIO’s ET7 electric car raises the ante in world’s largest market

Competition is heating up in China’s electric vehicle market as almost 200 carmakers and internet start-ups jostle for supremacy in an industry where one in five cars are likely to be powered by a non-fossil fuel source by 2025.

11 Jan 2021 - 9:56AM

Competition is heating up in China’s electric vehicle market as almost 200 carmakers and internet start-ups jostle for supremacy in an industry where one in five cars are likely to be powered by a non-fossil fuel source by 2025.

China’s EV war: Tesla faces a rival with a record 621-mile range as NIO’s ET7 electric car raises the ante in world’s largest market
Tesla faces a new foe as China's search engine Baidu allies with Volvo's owner Geely to make electric cars

The search engine giant is teaming up with carmaker Geely to design and make smart electric vehicles, joining a crowded field of partnerships racing to challenge the dominance of Tesla.

8 Jan 2021 - 9:54PM

The search engine giant is teaming up with carmaker Geely to design and make smart electric vehicles, joining a crowded field of partnerships racing to challenge the dominance of Tesla.

Tesla faces a new foe as China's search engine Baidu allies with Volvo's owner Geely to make electric cars
Electric-car maker Xpeng shrugs off concerns Tesla’s steeply discounted Model Y will win over mainland Chinese drivers

Xpeng’s CEO dismisses concerns that steep discounts to Tesla’s SUV may increase its appeal in mainland China and eat into market share of local electric vehicle makers.

5 Jan 2021 - 4:01AM

Xpeng’s CEO dismisses concerns that steep discounts to Tesla’s SUV may increase its appeal in mainland China and eat into market share of local electric vehicle makers.

Electric-car maker Xpeng shrugs off concerns Tesla’s steeply discounted Model Y will win over mainland Chinese drivers
Tesla’s Shanghai-made Model Y gets rousing reception as Chinese buyers rush to place orders for competitively priced SUV

Buyers of the locally made Model Y will have to wait until late February for deliveries to start, according to staff at a showroom in Shanghai.

3 Jan 2021 - 9:35PM

Buyers of the locally made Model Y will have to wait until late February for deliveries to start, according to staff at a showroom in Shanghai.

Tesla’s Shanghai-made Model Y gets rousing reception as Chinese buyers rush to place orders for competitively priced SUV
Tesla starts selling Shanghai-made Model Y electric SUVs in surprise launch as rivalry heats up in world’s largest EV market

The surprise launch, with the lower price points, underscores the intense competition in China’s market for new energy vehicles, as the Chinese government is throwing billions in incentives, subsidies and cheap loans.

1 Jan 2021 - 10:51PM

The surprise launch, with the lower price points, underscores the intense competition in China’s market for new energy vehicles, as the Chinese government is throwing billions in incentives, subsidies and cheap loans.

Tesla starts selling Shanghai-made Model Y electric SUVs in surprise launch as rivalry heats up in world’s largest EV market
NIO’s venture apologises for premature embrace of China’s digital currency to buy electric cars without regulatory approval

The electric car joint venture between start-up NIO and GAC Group made the announcement on the use of digital currency on Weibo only to withdraw it.

6 Jan 2021 - 11:40AM

The electric car joint venture between start-up NIO and GAC Group made the announcement on the use of digital currency on Weibo only to withdraw it.

NIO’s venture apologises for premature embrace of China’s digital currency to buy electric cars without regulatory approval
Tesla’s reputation burnished by JD Power survey after report questions quality of Shanghai-made Model 3s

Tesla, which came second in a JD Power survey, says that its ‘manufacturing process is managed based on the highest standards and in a consistent manner’.

31 Dec 2020 - 8:29PM

Tesla, which came second in a JD Power survey, says that its ‘manufacturing process is managed based on the highest standards and in a consistent manner’.

Tesla’s reputation burnished by JD Power  survey after report questions quality of Shanghai-made Model 3s
China’s electric car start-ups – NIO, Xpeng and WM Motor – each have a Big Tech backer. What is riding on their success?

Alibaba, Tencent and Baidu are supplying electric car start-ups technology in the hope of creating synergies between them and defining the future of mobility.

31 Dec 2020 - 12:12AM

Alibaba, Tencent and Baidu are supplying electric car start-ups technology in the hope of creating synergies between them and defining the future of mobility.

China’s electric car start-ups – NIO, Xpeng and WM Motor – each have a Big Tech backer. What is riding on their success?
Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

25 Dec 2020 - 11:31PM

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale
NIO teams up with China’s State Grid to build battery charging, swapping stations across country to compete with Tesla

Durable, affordable and accessible batteries are necessary for realising the Chinese government’s ambition for one in five vehicles on the country’s roads to be driven by non-fossil fuels by 2025.

25 Dec 2020 - 11:31PM

Durable, affordable and accessible batteries are necessary for realising the Chinese government’s ambition for one in five vehicles on the country’s roads to be driven by non-fossil fuels by 2025.

NIO teams up with China’s State Grid to build battery charging, swapping stations across country to compete with Tesla
China’s small manufacturers receive a Christmas boost as Covid-19 disrupts global supply chains

Soaring overseas demand for Chinese-made household products propelled the country’s exports to a record in November, and brought a windfall to thousands of small- and medium-sized manufacturers.

25 Dec 2020 - 9:36AM

Soaring overseas demand for Chinese-made household products propelled the country’s exports to a record in November, and brought a windfall to thousands of small- and medium-sized manufacturers.

China’s small manufacturers receive a Christmas boost as Covid-19 disrupts global supply chains
China’s carmakers are beating internet start-ups in the battle for supremacy in the world’s largest electric vehicle market

China Passenger Car Association data shows that conventional carmakers, including ventures between foreign giants and local companies, have grabbed a bigger market share. Of the 10 bestselling marques in November, eight were domestic carmakers, as low-priced EVs made by Great Wall Motors, BYD and Chery proved to be a hit among younger Chinese drivers.

23 Dec 2020 - 11:09PM

China Passenger Car Association data shows that conventional carmakers, including ventures between foreign giants and local companies, have grabbed a bigger market share. Of the 10 bestselling marques in November, eight were domestic carmakers, as low-priced EVs made by Great Wall Motors, BYD and Chery proved to be a hit among younger Chinese drivers.

China’s carmakers are beating internet start-ups in the battle for supremacy in the world’s largest electric vehicle market
China’s Tesla rival Xpeng sets sights on Europe as it delivers first batch of smart electric cars to Norway

Xpeng will deliver 100 G3 SUVs to buyers in Norway, the first time that Chinese-made smart EVs will be directly delivered to individual customers in Europe.

21 Dec 2020 - 10:09PM

Xpeng will deliver 100 G3 SUVs to buyers in Norway, the first time that Chinese-made smart EVs will be directly delivered to individual customers in Europe.

China’s Tesla rival Xpeng    sets sights on  Europe as it delivers first batch of smart electric cars to Norway
China’s stock exchanges and ‘Millionaire Yang’ mark 30 years of pride, fascination with Communist-style capitalism

The birth of China’s stock market 30 years ago has been a source of pride and fascination for the nation. The rags-to-riches tale of pioneer trader ‘Millionaire Yang’ is an inspiration to its 175 million individual investors.

21 Dec 2020 - 3:26PM

The birth of China’s stock market 30 years ago has been a source of pride and fascination for the nation. The rags-to-riches tale of pioneer trader ‘Millionaire Yang’ is an inspiration to its 175 million individual investors.

China’s stock exchanges and ‘Millionaire Yang’ mark 30 years of pride, fascination with Communist-style capitalism
China’s largest battery maker CATL plans to build a US$5 billion Indonesia plant as Widodo extends overture to Elon Musk

The plan by CATL was announced following a personal invitation by the Indonesian President Joko Widodo for Tesla to build an electric vehicle assembly in his country.

16 Dec 2020 - 10:44PM

The plan by CATL was announced following a personal invitation by the Indonesian President Joko Widodo for Tesla to build an electric vehicle assembly in his country.

China’s largest battery maker CATL plans to build a US$5 billion Indonesia plant as Widodo extends overture to Elon Musk
China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks

Housing affordability is a hot-button political issue for the ruling Communist Party.

15 Dec 2020 - 6:23AM

Housing affordability is a hot-button political issue for the ruling Communist Party.

China’s average home price rises for 33rd month, defying bank regulator’s warning of ‘grey rhino’ spillover risks
Busy year ahead for Chinese Tesla challengers Nio, Xpeng, as industry body forecasts 40 per cent rise in deliveries

The China Association of Automobile Manufacturers sees sales of new-energy vehicles topping 1.8 million units next year, compared to an estimated 1.29 million for the whole of 2020.

14 Dec 2020 - 11:01PM

The China Association of Automobile Manufacturers sees sales of new-energy vehicles topping 1.8 million units next year, compared to an estimated 1.29 million for the whole of 2020.

Busy year ahead for Chinese Tesla challengers Nio, Xpeng, as industry body forecasts 40 per cent rise in deliveries
Shortage of shipping containers at Shanghai port leaves exporters scrambling to meet delivery schedules

With exporters scrambling to meet delivery schedules and commitments, shipping freight rates from China have surged by more than 300 per cent since March.

13 Dec 2020 - 10:48PM

With exporters scrambling to meet delivery schedules and commitments, shipping freight rates from China have surged by more than 300 per cent since March.

Shortage of shipping containers at Shanghai port leaves exporters scrambling to meet delivery schedules
Chinese electric car maker Xpeng to follow August NYSE debut by raising additional US$2.48 billion

Guangzhou-based new energy vehicle maker Xpeng Motors said on Wednesday that it could raise up to US$2.48 billion in a follow-on share placement.

10 Dec 2020 - 8:35AM

Guangzhou-based new energy vehicle maker Xpeng Motors said on Wednesday that it could raise up to US$2.48 billion in a follow-on share placement.

Chinese electric car maker Xpeng to follow August NYSE debut by raising additional US$2.48 billion
China’s resurgent carmakers accelerate out of coronavirus crisis … straight into semiconductor components speed bump

Chinese carmakers have fallen victims to the coronavirus pandemic despite months of strong sales – they are facing a shortage of chips that are used in manufacturing as well as automobiles’ electronic systems.

8 Dec 2020 - 9:48PM

Chinese carmakers have fallen victims to the coronavirus pandemic despite months of strong sales – they are facing a shortage of chips that are used in manufacturing as well as automobiles’ electronic systems.

China’s resurgent carmakers accelerate out of coronavirus crisis … straight into semiconductor components speed bump
China’s US-listed electric carmakers NIO and Xpeng rev up to catch up with Tesla on their home turf as NEV battle heats up

NIO and Xpeng, both valued at more than the century-old Ford Motor, are two of the three US-listed Chinese NEV makers hot on the heels of the industry leader Tesla in a market where sales could more than double to 3 million units a year by 2025.

8 Dec 2020 - 10:54AM

NIO and Xpeng, both valued at more than the century-old Ford Motor, are two of the three US-listed Chinese NEV makers hot on the heels of the industry leader Tesla in a market where sales could more than double to 3 million units a year by 2025.

China’s US-listed electric carmakers NIO and Xpeng rev up to catch up with Tesla on their home turf as NEV battle heats up
China’s corporate bonds market is heading for another year of record defaults, raises concerns about rise in irregularities

China’s corporate bond market looks set to see a record in missed repayments this year, surpassing last year’s 143.6 billion yuan (US$21.8 billion) in defaults and heightening concerns about issuers’ credibility and compliance.

3 Dec 2020 - 10:40PM

China’s corporate bond market looks set to see a record in missed repayments this year, surpassing last year’s 143.6 billion yuan (US$21.8 billion) in defaults and heightening concerns about issuers’ credibility and compliance.

China’s corporate bonds market is heading for another year of record defaults, raises concerns about rise in irregularities
Prices of consumer goods in China fall for the first time in five years as Covid-19 hits buyers’ confidence

FMCG prices eased 2.1 per cent from January to September, with a recovery in consumer spending in the second half not enough to offset the sharp decline at the start of the year.

3 Dec 2020 - 7:00AM

FMCG prices eased 2.1 per cent from January to September, with a recovery in consumer spending in the second half not enough to offset the sharp decline at the start of the year.

Prices of consumer goods in China fall for the first time in five years as  Covid-19  hits buyers’ confidence
China widens exit for offshore stock investment plans in Hainan, Chongqing as yuan gathers strength against global currencies

The Chinese currency administrator had maintained a tight grip on programmes to liberalise offshore investments by Chinese funds and individuals, handing out limited quotas to select foreign institutions over the past, on concern that excessive outflows could lead to capital flight.

30 Nov 2020 - 8:46PM

The Chinese currency administrator had maintained a tight grip on programmes to liberalise offshore investments by Chinese funds and individuals, handing out limited quotas to select foreign institutions over the past, on concern that excessive outflows could lead to capital flight.

China widens exit for offshore stock investment plans in Hainan, Chongqing as yuan gathers strength against global currencies
Hong Kong-listed Chinese down jacket maker Bosideng boosted by younger consumers, posts 42 per cent jump in first-half profit

Down jackets and coats are not very common in China, with only about 10 per cent of its population owning such garments. But their popularity is rising among the country’s fashion-conscious youth.

28 Nov 2020 - 1:00PM

Down jackets and coats are not very common in China, with only about 10 per cent of its population owning such garments. But their popularity is rising among the country’s fashion-conscious youth.

Hong Kong-listed Chinese down jacket maker Bosideng boosted by younger consumers, posts 42 per cent jump in first-half profit