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China EVs

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BYD
In 2022, BYD dethroned Tesla for the first time as the world’s largest EV builder. Photo: Reuters
Electric & new energy vehicles

BYD founder bets on new tech to win back customers as sales decelerate

Company is pinning its hopes on a 12,000-strong R&D team to come up with technological breakthroughs.

Banking & finance

CSRC vows deeper reforms to open China’s capital market and boost tech listings

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

Electric & new energy vehicles

Tesla’s China plant sees shipment surge ahead of subsidy expiry

However, the rebound may not be sufficient to help the company reclaim lost ground in China, an analyst says.

A Tesla logo seen on a Model 3 electric car. Photo: AFP
A Tesla logo seen on a Model 3 electric car. Photo: AFP
Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

Electric & new energy vehicles

China’s EV makers post stellar sales before incentives are phased out next year

Leapmotor leads the pack with record sales for a seventh month in a row, while Voyah and Zeekr put on a strong performance.

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Electric & new energy vehicles

China EV profit woes fuel market anxiety over challenging 2026

Investors quickly turn against EV makers as earnings fall short, and next year looks even more difficult, analysts say.

Xpeng Mona M03 electric vehicles are displayed outside the venue of a launch event in Beijing on August 27, 2024. Photo: Reuters
Xpeng Mona M03 electric vehicles are displayed outside the venue of a launch event in Beijing on August 27, 2024. Photo: Reuters
Made in China 2025

Chinese EV makers tipped to storm global top 10 carmakers by 2030, McKinsey says

Chinese carmakers are expected to climb the global league tables over the next five years, as technology and scale disrupt the leaders.

Electric & new energy vehicles

Chinese EV makers step on gas abroad amid weakening mainland sales

A growing export drive by Chinese EV makers aims to soak up overcapacity and secure better profits as incentives fade.

Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

Tesla has offered a vote of confidence to the more than 400 Chinese manufacturers that supply car components to Tesla’s Shanghai factory. Photo: Reuters
SCMP Highlights

Chinese carmakers boost robotics efforts, Xpeng posts record revenue: 7 EV reads

From a Chinese team reducing car part production time with lasers to Xiaomi’s first profit, here are seven EV stories you may have missed.

Xpeng’s next-gen Iron humanoid robot speaks to media during a showroom tour at its headquarter in Guangzhou, in southern China’s Guangdong province, on November 5. Photo: AFP
Xpeng’s next-gen Iron humanoid robot speaks to media during a showroom tour at its headquarter in Guangzhou, in southern China’s Guangdong province, on November 5. Photo: AFP
Electric & new energy vehicles

Volkswagen revs up designed-in-China approach to catch up in EV market

Carmaker says mainland operations can now design and validate new models without approvals from Germany, reducing development time and cost.

Hong Kong stock market

Innovent, first Chinese firm to market weight-loss drug, joins Hang Seng Index

Hong Kong benchmark expands membership to 89 after the inclusion of Innovent Biologics.

CATL

Co-founder of EV battery giant CATL pockets US$239 million from 1% stake sale

Huang Shilin retains more than 9 per cent of CATL, whose shares have skyrocketed in Shenzhen and Hong Kong.

CATL batteries power more than a third of electric cars around the world, according to an analyst. Photo: Getty
Electric & new energy vehicles

Xiaomi reaffirms safety focus after raising 2025 sales target to 400,000 units

Safety is a foundation and a priority, founder and CEO Lei Jun says after Xiaomi’s 500,000th EV rolls off Beijing assembly line.

Xiaomi’s SU7 Ultra EVs are displayed at the Auto Shanghai exhibition in April 2025. Photo: Reuters
Xiaomi’s SU7 Ultra EVs are displayed at the Auto Shanghai exhibition in April 2025. Photo: Reuters
Made in China 2025

Chinese EV makers accelerate robotics drive for ‘game-changing’ edge over US

Xpeng, Cherry and others expand beyond cars, with humanoid robot Iron winning praise from Tesla CEO Elon Musk.

Xiaomi

China’s Xiaomi posts first profit from EV, AI units as quarterly earnings surge

Beijing-based company sells nearly 109,000 electric vehicles in three months, underscoring pivot from smartphones.

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Banking & finance

Hong Kong, Saudi Arabia set to launch US$1 billion fund, Paul Chan says

A ‘major Saudi development company’ will host a roadshow in Hong Kong next month to seek strategic partners, financial secretary says.

Financial Secretary Paul Chan speaks at the Defining Hong Kong’s Role in the Changing Global Economy conference in Hong Kong on November 18, 2025. Photo: Handout
Financial Secretary Paul Chan speaks at the Defining Hong Kong’s Role in the Changing Global Economy conference in Hong Kong on November 18, 2025. Photo: Handout
Made in China 2025

China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape

JPMorgan raises Chinese electric-vehicle maker’s price target, citing long-term AI potential.

Mainland China

Geely’s third-quarter revenue and profit soar on surging EV sales on mainland

Carmaker posts a 27 per cent jump in revenue to 89 billion yuan (US$12.5 billion) and a 59 per cent increase in net profit to 3.8 billion yuan.

Electric & new energy vehicles

China’s car industry preps for next-level self-driving: Hesai

Use of advanced hardware will pick up next year, with some carmakers already adopting it to ‘pre-empt rivals’, CFO says.

People pass the Hesai Group booth at CES 2025 in Las Vegas, Nevada, on January 9, 2025. Photo: NurPhoto via Getty Images
SCMP Highlights

Xpeng touts driverless cars, Volkswagen eyes making chips in China: 7 EV reads

From German auto firms scrambling to plug chip shortage to Xpeng touting driverless cars, here are seven EV stories you may have missed.

BYD cars sit in a lot in a port area of Wilhelmshaven, Germany, on October 25. Photo: dpa
BYD cars sit in a lot in a port area of Wilhelmshaven, Germany, on October 25. Photo: dpa
Electric & new energy vehicles

Volkswagen bets on EV developed with Xpeng to regain ground in China

The ID Unyx 08 has received government approval to begin production and is expected to enter the market in 2026.

Electric & new energy vehicles

Tesla and global carmakers race against Chinese EV rivals at expo

At CIIE, global brands like Tesla and Volkswagen are under pressure to win back market share from local competitors.

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IPO

China’s WeRide drives for ‘ubiquitous’ robotaxis after Hong Kong listing

Founder and CEO Tony Han says listing proceeds will help company expand globally as analysts predict robotaxi growth.

Tony Han, founder and CEO of WeRide (at microphone), speaks at the company’s listing ceremony at the headquarters of bourse operator Hong Kong Exchanges and Clearing in Central on November 6, 2025. Photo: Nora Tam
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