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China EVs

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Electric & new energy vehicles
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BYD
A view of Nio’s car assembly line in Hefei, Anhui province, China, April 22, 2025. Photo: EPA-EFE
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.

SCMP Highlights

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

Electric & new energy vehicles

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

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
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.

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.

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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.

Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
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.

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.

China’s EV makers are expected to be among the top 10 in the world league table by 2030. Photo: Xinhua
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.

Leapmotor announced this week that two of its models would make their debuts in Brazil and Chile. Photo: Handout
Leapmotor announced this week that two of its models would make their debuts in Brazil and Chile. Photo: Handout
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.

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.

An aerial view of Volkswagen Group China Technology Company in Hefei, in eastern China’s Anhui province. Photo: Handout
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
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.

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.

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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.

Xpeng’s humanoid robot Iron relies primarily on visual data for training and decision-making. Photo: Shutterstock
Xpeng’s humanoid robot Iron relies primarily on visual data for training and decision-making. Photo: Shutterstock
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.

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.

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.

Xpeng is broadening its ambitions into advanced mobility and robotics. Photo: AFP
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.

Geely’s EV sales jumped 98 per cent year on year in the first 10 months of the year, faster than most mainland rivals. Photo: Xinhua
Geely’s EV sales jumped 98 per cent year on year in the first 10 months of the year, faster than most mainland rivals. Photo: Xinhua
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.

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.

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.

Volkswagen’s fully-electric SUV, the ID Unyx 08, co-developed with Xpeng. Photo: Xpeng
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