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China EVs

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Electric & new energy vehicles
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Drivers charge their vehicles at a Tesla supercharger station. Photo: TNS
Electric & new energy vehicles

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Electric & new energy vehicles

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

SCMP Highlights

China’s electric cars and Iran war, VW pulls Skoda: 7 EV reads

From some Chinese carmakers raising prices to Xiaomi’s fresh fight with Tesla, here are seven EV stories you may have missed.

Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province. China recently overtook Japan as the world’s largest car exporter. Photo: Xinhua
Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province. China recently overtook Japan as the world’s largest car exporter. Photo: Xinhua
Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.

Electric & new energy vehicles

Middle East oil shock jolts EV demand, putting Chinese exports in fast lane

Orders for Chinese NEVs are rising along with footfalls at EV dealerships both at home and overseas, according to Nomura analyst.

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Mainland China

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

Electric & new energy vehicles

Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

Brent crude above US$110 is pushing mainland buyers away from petrol cars, lifting China’s EV makers despite fading subsidies.

Electric & new energy vehicles

China’s Pony AI to launch robotaxi service in Europe with Uber, local start-up

Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.

The partners have begun testing in Zagreb, Croatia, using Pony’s Gen-7 system and electric SUVs made by Chinese state-owned carmaker BAIC. Photo: Handout
Automotive industry

VW pulls Skoda brand from China after years of falling sales

Czech brand’s mainland sales declined from 341,000 in 2018 to around 15,000 last year as domestic carmakers’ EVs won market share.

A Skoda Peaq electric car is seen during the opening of a new battery assembly hall at the Skoda factory in Mlada Boleslav in the Czech Republic on February 27, 2026. Photo: AFP
A Skoda Peaq electric car is seen during the opening of a new battery assembly hall at the Skoda factory in Mlada Boleslav in the Czech Republic on February 27, 2026. Photo: AFP
Electric & new energy vehicles

China’s lidar giants pivot to robotics in boost supply chain dominance

Hesai will spend US$28.9 million this year to design and manufacture ‘eyes and muscles’ for robots, creating a new growth engine.

Hong Kong stock market

Memory costs ‘beyond imagination’ hurting smartphone makers: Xiaomi leader

Firms are being drawn into a price-raising cycle that could reshape the industry, executive says as company reports 27 per cent profit drop.

China energy security

China EV makers gain as Iran war drives up fuel costs

Oil supply disruptions and higher fuel prices due to the closure of the Strait of Hormuz have bolstered the outlook for China’s world-leading electric-vehicle makers.

Chinese drivers queue for fuel ahead of record price increases. Photo: EPA
China exports

The Iran war could widen China’s EV lead over its global rivals. Here’s why

The ‘eye-watering’ surge in oil prices may push consumers around the world to switch to electric cars, boosting Chinese brands, analysts say.

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Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province. China recently overtook Japan as the world’s largest car exporter. Photo: Xinhua
Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province. China recently overtook Japan as the world’s largest car exporter. Photo: Xinhua
Electric & new energy vehicles

3 Chinese EV makers raise prices – but demand slowdown could force reversal

Xiaomi, Chery and FAW adjust prices amid surging chip and raw material costs, but analysts say soft sales could undermine gains.

China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

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Electric & new energy vehicles

Xiaomi’s new-generation SU7 launch sparks fresh EV fight with Tesla in China

Updated smart sedan debuts with improved safety and smart-driving features, intensifying competition with Tesla and domestic rivals.

Lei Jun says the new-generation SU7 offers strong value for money. Photo: Weibo
Lei Jun says the new-generation SU7 offers strong value for money. Photo: Weibo
Electric & new energy vehicles

China presses EV makers to end price war and focus on innovation as demand cools

Oversight of China’s industry intensifies, with carmakers urged to move beyond discounts and focus on chips and self-driving systems.

SCMP Highlights

Geely speeds to the top, BYD’s quest for faster charging: 7 EV reads

From top Chinese carmakers selling more units overseas to Geely’s upper hand in local market, here are seven EV stories you may have missed.

Electric & new energy vehicles

Leapmotor’s Stellantis tie-up pays off as EV exports jump nearly 400% last year

The Hangzhou-based carmaker exported 67,052 units in 2025, up from 13,726 in 2024, according to an exchange filing.

Employees work on an EV production line at the Leapmotor factory in Jinhua, Zhejiang province. Photo: AFP
Electric & new energy vehicles

Chinese carmakers step up global expansion using idled foreign facilities

Great Wall Motors, Geely and other Chinese carmakers are using an asset-light strategy to accelerate their growth overseas.

China’s Great Wall Motor is in talks with Mercedes-Benz to share the German carmaker’s factory in East London, South Africa. Photo: Reuters
China’s Great Wall Motor is in talks with Mercedes-Benz to share the German carmaker’s factory in East London, South Africa. Photo: Reuters
China property

China mall shuffle: as EVs exit, who’s filling the ground-floor showrooms?

New demand for mall space comes from brands riding fresh trends, including Unitree Robotics, Pop Mart and Lululemon.

Electric & new energy vehicles

Tesla’s 91% February sales jump in China defies overall market slowdown

The US carmaker’s Shanghai Gigafactory delivered nearly 58,600 vehicles last month, with the Model Y topping the sales chart.

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CATL

CATL profit jump fuels Hong Kong battery stocks amid global energy storage boom

The company’s strong results and energy storage push spark gains for battery makers listed in Hong Kong and mainland China.

CATL shares surged 9 per cent on Wednesday, following another 9 per cent gain the previous day. Photo: AFP
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