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A Tesla Cybercab displayed at the China International Import Expo in Shanghai. Photo: EPA
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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Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

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China GDP

Open Questions | Andrew Tilton on China’s economic trajectory in wake of Iran war

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Robotics

Meter running: CaoCao backs heavy-asset play to scale robotaxis

Geely-backed firm targets 100,000 autonomous vehicles by 2030, banking on tighter control of cars, tech and operations to drive efficiency.

Chinese ride-hailing company CaoCao, backed by Geely, is betting on a heavy-asset strategy to emerge as a leading robotaxi operator. Photo: Handout
Chinese ride-hailing company CaoCao, backed by Geely, is betting on a heavy-asset strategy to emerge as a leading robotaxi operator. Photo: Handout
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

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

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Electric & new energy vehicles

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

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

The EV rebound has been underpinned by renewed policy support at the local level. Photo: AFP
The EV rebound has been underpinned by renewed policy support at the local level. Photo: AFP
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.

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.

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
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.

The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier. Photo: Reuters
The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier. Photo: Reuters
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’.

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.

The Hesai booth at CES 2025 in Las Vegas, January 9, 2025. Photo: NurPhoto via Getty Images
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.

A man takes a picture of a Xiaomi phone at the Mobile World Congress in Barcelona, Spain, on March 2, 2026. Photo: Reuters
A man takes a picture of a Xiaomi phone at the Mobile World Congress in Barcelona, Spain, on March 2, 2026. Photo: Reuters
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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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.

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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.

Visitors look at a new-energy sports car at an expo in Tianjin. Photo: Xinhua
Visitors look at a new-energy sports car at an expo in Tianjin. Photo: Xinhua
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

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.

Electric & new energy vehicles

BMW sees smoother road ahead in China after sales skid in 2025

German carmaker reports a solid start to 2026 amid stabilising prices, with new EV model, its ‘most Chinese car’ ever, coming soon.

A Chinese-made version of BMW’s iX3 is set to debut in April. Photo: Handout
Electric & new energy vehicles

Geely beats BYD sales in first 2 months of 2026 to become China’s top carmaker

Geely’s sales rise 1 per cent to 476,327 units in January and February, while BYD’s sales slump 38.5 per cent to 400,241 units.

Geely Auto’s sales of EVs jumped 10.1 per cent to 241,740 units in the first two months of the year from a year earlier. Photo: Shutterstock
Geely Auto’s sales of EVs jumped 10.1 per cent to 241,740 units in the first two months of the year from a year earlier. Photo: Shutterstock
Electric & new energy vehicles

China’s BYD looks to make EV charging as fast as filling up with petrol

Company says its new Blade Battery 2.0 can be charged from 10 per cent to 70 per cent in 5 minutes.

CATL

China’s EV battery leader CATL to step up use of AI in R&D: founder

Billionaire Robin Zeng Yuqun promises higher investment, touts ‘resilient supply chain and ecosystem’ driving export growth.

SCMP Highlights

Low-cost models rule China sales; Geely’s bets amid price wars: 7 EV reads

From rising battery costs to Xpeng’s CEO calling to skip a step in self-driving cars, here are seven EV stories you may have missed.

Geely’s Xingyuan was the top-selling EV in China last year. Photo: Weibo
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