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Xpeng CEO He Xiaopeng poses for a photograph at the Kai Tak Cruise Terminal in Hong Kong, April 14, 2025. Photo: Sun Yeung
Electric & new energy vehicles

Xpeng CEO dismisses AI bubble fears, predicts more affordable robots soon

He Xiaoping’s recent trip to the US, where he met more than 30 professionals in the AI field, helped form his conclusions about the industry.

Electric & new energy vehicles

Xpeng, Li Auto given approval to test ‘hands-off’ L3 cars amid slowing market

Electric & new energy vehicles

Beijing approves first L3 autonomous cars in leap towards ‘hands-off’ driving

Electric & new energy vehicles

Xpeng steps up ‘go global’ drive with Malaysian assembly hub for Southeast Asia

The Guangzhou-based company said it would partner with Malaysia’s EP Manufacturing to locally assemble intelligent EVs.

Workers conduct final checks on an Xpeng new energy car at the firm’s plant in Zhaoqing, Guangdong province, on October 9, 2023. Photo: Xinhua
Workers conduct final checks on an Xpeng new energy car at the firm’s plant in Zhaoqing, Guangdong province, on October 9, 2023. Photo: Xinhua
Electric & new energy vehicles

China’s Geely Auto raises bar on car safety with world’s largest test centre

Carmaker expands testing to 27 categories at Ningbo facility to prioritise safety over discounts in a crowded market.

Electric & new energy vehicles

China’s EV battery giants wade into shipbuilding to bolster Beijing’s dominance

CATL and Gotion add momentum to China’s efforts to build new-energy vessels amid an accelerated decarbonisation drive.

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Electric & new energy vehicles

Chinese lidar maker Seyond, founded by former Baidu engineers, debuts in Hong Kong

Its lidar sensors are used by carmakers such as Nio, as well as in robotics, unmanned delivery and industrial automation scenarios.

A view of Nio’s car assembly line in Hefei, Anhui province, China, April 22, 2025. Photo: EPA-EFE
A view of Nio’s car assembly line in Hefei, Anhui province, China, April 22, 2025. Photo: EPA-EFE
SCMP Highlights

China leans on German carmakers; BYD founder bets on new tech: 7 EV reads

From Spain’s new electric car plan to BYD’s founder betting on new tech to win back customers, here are seven EV stories you may have missed.

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

CSRC chairman Wu Qing outlines ‘deep transformation’ of capital market to attract long-term investors who ‘can stay and can develop well’.

The Chinese capital market requires a “deep transformation” to enhance its “inclusiveness and adaptability”, says Wu Qing. Photo: Reuters
Millionaires and billionaires

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

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
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.

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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Voyah’s monthly sales rose for a fourth straight month, with deliveries rising 16.2 per cent month on month to 20,005 vehicles. Photo: Xinhua
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.

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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
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.

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.

The Hang Seng Index is pressing ahead with plans to increase the number of constituents to 100. Photo: Jelly Tse
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
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.

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.

Xiaomi is targeting to deliver 350,000 electric vehicles this year: Photo: AFP
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