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Curation Team

1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes
China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as market saturation and tariffs escalate challenges.
2. Brazil welcomes Chinese new energy-vehicle investments; top diplomat lays out welcome mat for Beijing amid global EV sector turmoil
Brazil’s top diplomat in Hong Kong said his country would welcome more investment from Beijing in the rapidly expanding and lucrative EV field. Though the United States and European Union have been quick to act against China’s electric-vehicle sector, levying tariffs and trade restrictions to limit the industry’s reach, Brazil will not follow suit.
3. BYD to surpass Volkswagen as China’s top carmaker amid EV boom, outselling the German firm in first 10 months of 2024
BYD is poised to surpass Volkswagen as China’s top carmaker in 2024, driven by a surge in electric-vehicle deliveries, with sales expected to exceed 4 million units this year. The Shenzhen-based company has already surpassed Volkswagen’s joint-venture units in the first 10 months, demonstrating its dominance in the rapidly growing electric-vehicle market.

4. Bold new entrants Dreame and Rox Motor challenge BYD in China’s US$376 billion EV market amid fierce price war and overcapacity
New players, including appliance maker Dreame and Rox Motor, are targeting China’s lucrative but perilous EV market, eyeing BYD’s dominance amid industry losses and cutthroat competition. However, they face the risk of following in the footsteps of numerous failed players.
5. China hits 10 million EVs-a-year milestone as makers target exports to tackle overcapacity
China’s electric-vehicle sector surpassed the 10 million-unit annual production threshold, driven by a 34 per cent sales surge. Manufacturers are now shifting focus to exports as domestic demand slows and traditional car demand wanes.
6. Opinion: Musk firm praised for sparking EV revolution in China, but can it sustain the goodwill?
Tesla’s success in China has been praised by Communist Party mouthpiece People’s Daily, highlighting the brand’s role in boosting domestic EV production and supply chains. However, it faces challenges as Elon Musk’s ties to a new Trump administration could complicate the EV maker’s future in the Chinese market, writes Zhou Xin.
Part of this article was produced with the assistance of generative AI.


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Unprofitable Chinese electric-vehicle makers, ravaged by a discount war at home and higher tariffs abroad, are stepping up cost-cutting measures and new-model launches as they strive to survive in the cutthroat market. Photo: Reuters

BYD is set to overtake perennial market leader Volkswagen as China’s biggest carmaker in 2024 after outselling the German company’s joint-venture units in the first 10 months. Photo: AFP

Business

China EVs

A do-or-die moment facing the likes of Nio, Xpeng, Geely’s Zeekr and Leapmotor, and more: some of our latest reads on the Chinese EV industry


A do-or-die moment facing the likes of Nio, Xpeng, Geely’s Zeekr and Leapmotor, and more: some of our latest reads on the Chinese EV industry.


.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}A do-or-die moment facing the likes of Nio, Xpeng, Geely’s Zeekr and Leapmotor, and more: some of our latest reads on the Chinese EV industry

1. .css-jfmysa{display:inline;word-break:break-word;}.css-1ankfgb{cursor:pointer;display:inline;word-break:break-word;}Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes

2. Brazil welcomes Chinese new energy-vehicle investments; top diplomat lays out welcome mat for Beijing amid global EV sector turmoil

A do-or-die moment facing the likes of Nio, Xpeng, Geely’s Zeekr and Leapmotor, and more: some of our latest reads on the Chinese EV industry

1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes