https://www.scmp.com/rss/250830/feed Great Wall Motor was formed in 1976 and is named after the Great Wall of China. As of 2010, it is China's largest SUV producer, and as of 2011 it was China’s 10th largest automaker in terms of units produced. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren Chinese carmakers, saddled with excess capacity and weak demand at home, are taking a new approach to global expansion: utilising idled facilities abandoned by international marques. By adopting an asset-light strategy, companies from Geely Auto to Great Wall Motor (GWM) can assemble their cars overseas at lower costs, broadening their influence on the global automotive sector, according to analysts. “Mindful of profitability as well as geopolitical and operating risks, Chinese carmakers are... https://www.scmp.com/business/china-business/article/3346472/carpool-chinese-giants-use-idled-foreign-plants-fuel-global-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346472/carpool-chinese-giants-use-idled-foreign-plants-fuel-global-expansion?utm_source=rss_feed Sun, 15 Mar 2026 12:00:07 +0000 Cao Li,Themis Qi Cao Li,Themis Qi BYD, the world’s largest electric-vehicle (EV) maker, sold more cars overseas than at home for the first time in February, reflecting a broader trend among Chinese EV makers’ global push as domestic sales soften amid fierce competition. “Squeezed by the fierce competition at home, China’s EV makers are shifting their focus to global markets,” said David Zhang, general secretary of the Shanghai-based International Intelligent Vehicle Engineering Association. BYD, which overtook Tesla last year as... https://www.scmp.com/business/article/3345666/chinese-ev-makers-increasingly-reliant-exports-domestic-sales-decelerate?utm_source=rss_feed https://www.scmp.com/business/article/3345666/chinese-ev-makers-increasingly-reliant-exports-domestic-sales-decelerate?utm_source=rss_feed Fri, 06 Mar 2026 06:00:15 +0000 Reuters Reuters Two of China’s leading carmakers, BYD and ⁠Geely, are among the finalists vying to purchase a Nissan–Mercedes-Benz plant in Mexico, according to a ⁠person familiar with the matter, as China seeks a manufacturing foothold in a country where US tariffs are fuelling factory closures and lay-offs. The finalists emerged from nine companies expressing interest in acquiring the factory, including at least two other major Chinese manufacturers: Chery and Great Wall Motor, according to two sources... https://www.scmp.com/news/world/americas/article/3343369/chinas-byd-and-geely-bid-nissan-mercedes-mexico-plant-dodge-trump-tariffs?utm_source=rss_feed https://www.scmp.com/news/world/americas/article/3343369/chinas-byd-and-geely-bid-nissan-mercedes-mexico-plant-dodge-trump-tariffs?utm_source=rss_feed Thu, 12 Feb 2026 14:30:30 +0000 Igor Patrick Igor Patrick China surpassed Argentina in January to become Brazil’s largest exporter of vehicles, solidifying Chinese brands’ dominance in the region’s biggest car market and undercutting a long-standing Argentine trade advantage within Mercosur. According to industry figures reported by Autoweb on Monday, Chinese vehicles sent to Brazil reached 16,800 units in January, versus 13,400 from Argentina. It underscores the erosion of Argentina’s decades-long grip on Brazil’s import market, after China first led... https://www.scmp.com/news/china/article/3342980/china-becomes-brazils-biggest-vehicle-exporter-january-surpassing-argentina?utm_source=rss_feed https://www.scmp.com/news/china/article/3342980/china-becomes-brazils-biggest-vehicle-exporter-january-surpassing-argentina?utm_source=rss_feed Mon, 09 Feb 2026 22:00:35 +0000 Igor Patrick Igor Patrick Brazil has ended a temporary tariff exemption that allowed electric and hybrid vehicles assembled using imported parts from China to enter the country at sharply reduced costs, closing a measure that fuelled months of confrontation between the government, Chinese carmaker BYD and Brazil’s established automotive industry. The exemption expired on January 31 and was not renewed, the South China Morning Post confirmed with multiple sources on Wednesday. Companies such as BYD and Great Wall Motor... https://www.scmp.com/news/china/diplomacy/article/3342454/brazil-scraps-ev-tariff-break-china-carmaker-byd-amid-pressure-rivals?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3342454/brazil-scraps-ev-tariff-break-china-carmaker-byd-amid-pressure-rivals?utm_source=rss_feed Thu, 05 Feb 2026 03:32:30 +0000 Wency Chen,Xinmei Shen Wency Chen,Xinmei Shen Humanoid robot guides, stair-climbing robo-vacuum cleaners and exoskeletons for hikers were all among the exhibits at the world’s largest electronics show as artificial intelligence (AI) increasingly finds a role in the physical world. Chinese companies made up about a quarter of the 4,000-plus exhibitors at the 2026 Consumer Electronics Show (CES), underlining how the country is at the forefront of developments that could turn AI-powered robots into mainstream household items. The large Chinese... https://www.scmp.com/plus/article/3339813/humanoid-robot-guides-hiker-exoskeletons-ces-2026-round?utm_source=rss_feed https://www.scmp.com/plus/article/3339813/humanoid-robot-guides-hiker-exoskeletons-ces-2026-round?utm_source=rss_feed Wed, 14 Jan 2026 04:11:13 +0000 Peggy Ye Peggy Ye China’s carmakers are on track to capture about one-third of the global auto market by 2030 and generate most of their profits overseas, according to UBS, underscoring the resilience of the country’s electric vehicle (EV) advantage despite mounting trade barriers in the West. The Swiss bank said its forecast had remained unchanged from two years ago, even as Chinese carmakers accelerated factory construction in Europe and some global rivals scaled back electrification plans. “The main drag was... https://www.scmp.com/business/china-evs/article/3338224/full-throttle-chinese-ev-makers-corner-one-third-global-market-2030-ubs-says?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3338224/full-throttle-chinese-ev-makers-corner-one-third-global-market-2030-ubs-says?utm_source=rss_feed Thu, 01 Jan 2026 08:30:08 +0000 Mia Nurmamat Mia Nurmamat With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. The “Made in China” label has evolved considerably in recent decades. Mostly found affixed to low-cost goods of relative simplicity in China’s early years as a... https://www.scmp.com/economy/global-economy/article/3333074/chinas-companies-become-industry-leaders-where-world-are-they-going?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3333074/chinas-companies-become-industry-leaders-where-world-are-they-going?utm_source=rss_feed Thu, 04 Dec 2025 07:52:55 +0000 Zhang Shidong Zhang Shidong A recent quarterly review by FTSE Russell of two indexes tracking Chinese stocks may result in more than US$850 million of capital flows, with sectors from metal producers to healthcare attracting passive investments, according to Goldman Sachs. Capital goods, metal and pharmaceutical companies would each attract between US$125 million and US$300 million in passive inflows after the quarterly rebalancing of the FTSE China 50 Index and the FTSE China A50 Index on Wednesday, Goldman analysts led... https://www.scmp.com/business/china-business/article/3335169/ftses-rebalancing-china-stock-indexes-spur-us850-million-fund-flows-goldman-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335169/ftses-rebalancing-china-stock-indexes-spur-us850-million-fund-flows-goldman-says?utm_source=rss_feed Thu, 04 Dec 2025 07:01:39 +0000 Coco Feng Coco Feng Unitree Robotics founder Wang Xingxing and AgiBot co-founder Peng Zhihui have joined an advisory board of the Shanghai Stock Exchange (SSE), in a move underscoring Beijing’s strategic drive to deepen ties between the onshore stock market and high-tech innovation. The SSE on Monday announced the formation of its third Committee on Science and Technology Innovation – a 60-member advisory body that includes prominent figures such as chip-tool veteran Gerald Yin Zhiyao and John Deng Zhonghan, often... https://www.scmp.com/tech/article/3330728/china-robotics-twin-stars-join-shanghai-stock-exchange-advisory-body?utm_source=rss_feed https://www.scmp.com/tech/article/3330728/china-robotics-twin-stars-join-shanghai-stock-exchange-advisory-body?utm_source=rss_feed Wed, 29 Oct 2025 06:00:14 +0000 Jevans Nyabiage Jevans Nyabiage Just a few years ago, Chinese-made cars were rare on South African roads, with manufacturers seen only as fringe players. However, this is changing rapidly, as Chinese carmakers now outsell some established Western, American and Japanese brands. In recent years, South Africans have increasingly been buying Chinese brands like Chery and Haval, a subsidiary of Great Wall Motor (GWM), driven by affordability and feature-rich vehicles. Banking on growing demand, several Chinese car brands are now... https://www.scmp.com/news/china/diplomacy/article/3329316/china-made-motor-sales-surge-south-africa-cutting-rival-brands-market-dominance?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3329316/china-made-motor-sales-surge-south-africa-cutting-rival-brands-market-dominance?utm_source=rss_feed Sat, 18 Oct 2025 04:00:10 +0000 Igor Patrick Igor Patrick Chinese investment in Brazil more than doubled last year, reaching the highest level since before the pandemic, making the South American country the third main destination for Chinese capital worldwide, a business group report released on Thursday said. The report, released by the Brazil-China Business Council, said Chinese firms confirmed 39 projects in 2024 worth US$4.18 billion, a 113 per cent increase from the year before. The surge would make Brazil the leading destination for Chinese... https://www.scmp.com/news/china/diplomacy/article/3324386/chinas-2024-brazil-investment-doubled-highest-level-covid-report?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3324386/chinas-2024-brazil-investment-doubled-highest-level-covid-report?utm_source=rss_feed Thu, 04 Sep 2025 13:28:09 +0000 Coco Feng Coco Feng Tesla is rolling out an upgraded voice assistant system for its electric vehicles (EVs) in mainland China, adopting artificial intelligence from DeepSeek and ByteDance to better engage with customers in the world’s largest automotive market. DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this... https://www.scmp.com/tech/tech-trends/article/3322813/tesla-upgrades-ev-voice-assistant-system-ai-deepseek-and-bytedance?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322813/tesla-upgrades-ev-voice-assistant-system-ai-deepseek-and-bytedance?utm_source=rss_feed Fri, 22 Aug 2025 23:00:09 +0000 Bloomberg Bloomberg Chinese carmaker Great Wall Motor (GWM) may have just opened its first factory in Brazil, but is already scoping out sites for a second plant as it ramps up its ambitions in South America’s largest economy. The Iracemápolis, São Paulo facility was opened August 15, four years after Great Wall bought it from Daimler. Three models will be produced there – the Haval H6 and H9 sport utility vehicles, and the Power P30 pickup truck. While it has the capacity to produce 50,000 vehicles a year, GWM... https://www.scmp.com/business/china-business/article/3322165/chinas-great-wall-opens-brazil-car-plant-seeks-site-second?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322165/chinas-great-wall-opens-brazil-car-plant-seeks-site-second?utm_source=rss_feed Mon, 18 Aug 2025 01:52:04 +0000 Yujie Xue,Daniel Ren Yujie Xue,Daniel Ren Electric vehicle (EV) makers in China, the world’s biggest market, are increasingly targeting Europe and emerging markets amid price wars and overcapacity at home, and tariff barriers in North America. China’s auto exports grew 23 per cent last year to 6.4 million units, aided by a 28 per cent jump in shipments to Russia and Belarus, and a 61 per cent surge in the Middle East, according to AlixPartners. Turkey and Mexico are also among China’s five fastest-growing export markets, including for... https://www.scmp.com/plus/article/3320779/chinas-ev-makers-look-overseas-growth?utm_source=rss_feed https://www.scmp.com/plus/article/3320779/chinas-ev-makers-look-overseas-growth?utm_source=rss_feed Tue, 05 Aug 2025 07:10:08 +0000 Riaz Khokhar Riaz Khokhar Indian think tank NITI Aayog recently made a striking recommendation to ease the near-total restrictions on Chinese investment imposed during the 2020 border crisis. It suggested that Chinese companies be allowed to acquire up to a 24 per cent stake in Indian firms without any vetting. If implemented, it would represent a significant U-turn on New Delhi’s part. Since 2020, India has required screening for all investments from neighbouring countries, effectively targeting China. With the backing... https://www.scmp.com/opinion/asia-opinion/article/3319144/why-economic-ties-are-missing-ingredient-china-india-detente?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3319144/why-economic-ties-are-missing-ingredient-china-india-detente?utm_source=rss_feed Thu, 24 Jul 2025 01:30:14 +0000 Igor Patrick Igor Patrick Brazil’s rare earth exports to China tripled in the first half of 2025 just as Chinese imports surged to a record high, fuelling concerns that Beijing-Washington trade tensions may be quietly re-routing the world’s supply chains through emerging economies. The figures are part of a report released on Thursday by the China-Brazil Business Council (CBBC) that shows Brazil’s exports to China fell 7.5 per cent compared to the same period last year, reaching US$47.7 billion. Imports from China rose... https://www.scmp.com/news/china/diplomacy/article/3318653/brazil-triples-rare-earth-exports-china-washington-beijing-rift-ripples-through-trade?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3318653/brazil-triples-rare-earth-exports-china-washington-beijing-rift-ripples-through-trade?utm_source=rss_feed Thu, 17 Jul 2025 21:47:01 +0000 Daniel Ren Daniel Ren More than a dozen Chinese carmakers, including BYD, pledged to cut payment cycles to suppliers to 60 days from as long as a year after Beijing moved to police the nation’s auto market, which has been engaged in a bruising price war. On Tuesday evening, the 14 companies – including state-owned FAW and GAC Group – said the move came as a result of recent regulatory guidance on the sustainable development of China’s automotive sector. On paper, carmakers delay payments so they can use those funds... https://www.scmp.com/business/china-business/article/3313963/under-beijings-thumb-byd-and-other-carmakers-pledge-speed-payments-suppliers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3313963/under-beijings-thumb-byd-and-other-carmakers-pledge-speed-payments-suppliers?utm_source=rss_feed Wed, 11 Jun 2025 05:57:28 +0000 Associated Press Associated Press A salvage team was expected to arrive early next week at the scene of a cargo ship that was carrying about 3,000 vehicles to Mexico when it caught fire in waters off Alaska’s Aleutian island chain. A tug carrying salvage specialists and special equipment was expected to arrive at the location of the Morning Midas around Monday, the ship’s management company, London-based Zodiac Maritime, said Thursday. The crew will assess the ship’s condition, and a separate tug with firefighting and ocean... https://www.scmp.com/news/world/united-states-canada/article/3313298/salvage-team-bound-burning-cargo-ship-alaska-carrying-chinese-cars?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3313298/salvage-team-bound-burning-cargo-ship-alaska-carrying-chinese-cars?utm_source=rss_feed Fri, 06 Jun 2025 04:05:03 +0000 Yujie Xue Yujie Xue China’s electric vehicle (EV) makers have had a lot to contend with over the past week: slumping shares for market leader BYD, cooling sales and margins and a warning from authorities in Beijing amid a punishing price war. BYD’s Hong Kong-listed shares lost as much as 17 per cent of their market value, or HK$122.3 billion (US$15.6 billion), on Monday after falling to HK$378.20 from an all-time high of HK$477.80 on May 23. The company’s shares recovered 4 per cent on Tuesday. Analysts attributed... https://www.scmp.com/business/china-evs/article/3312883/china-evs-byd-triggered-price-war-raises-fears-evergrande-liquidity-crisis?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3312883/china-evs-byd-triggered-price-war-raises-fears-evergrande-liquidity-crisis?utm_source=rss_feed Tue, 03 Jun 2025 08:25:20 +0000 Daniel Ren Daniel Ren Beijing has stepped in to monitor the trading of used cars as mainland China’s automotive sector, saddled with overcapacity, is under pressure to improve profitability amid an escalating price war. On Tuesday afternoon, the Ministry of Commerce gathered industry groups, major carmakers and trading platforms for second-hand cars to discuss issues surrounding the sale of “used vehicles with zero mileage”, according to Reuters. The ministry was seeking to stabilise car prices in the world’s largest... https://www.scmp.com/business/china-evs/article/3312001/beijing-asks-carmakers-trading-platforms-clean-used-vehicle-market-amid-price-war?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3312001/beijing-asks-carmakers-trading-platforms-clean-used-vehicle-market-amid-price-war?utm_source=rss_feed Tue, 27 May 2025 11:30:07 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma BYD, China’s biggest electric-vehicle (EV) maker, slashed prices by as much as 34 per cent, escalating a price war among the nation’s already floundering EV producers. Discounts will apply to 22 BYD battery-powered and plug-in hybrid models through the end of June, the automaker said on Friday. Rivals including IM Motors, a unit of state-backed SAIC Motor, and Stellantis-backed Leapmotor responded by making similar cuts. (EVs make up about half of new car sales in China, as examined in an SCMP... https://www.scmp.com/plus/article/3311971/byd-adds-squeeze-chinas-struggling-ev-makers?utm_source=rss_feed https://www.scmp.com/plus/article/3311971/byd-adds-squeeze-chinas-struggling-ev-makers?utm_source=rss_feed Tue, 27 May 2025 09:00:10 +0000 Alice Li Alice Li China and the United States have agreed to a temporary, partial truce in their unprecedented trade war, but their heated rivalry is far from over. As the dust settles in the wake of April’s frenzied tariff battle and Monday’s deal that saw import duties drop 115 per cent on both sides, the world’s two largest economies are actively courting emerging markets to gain the upper hand in the event tensions flare up again. As US President Donald Trump travelled to the Middle East for the first... https://www.scmp.com/economy/global-economy/article/3310341/china-us-sign-duelling-deals-after-agreeing-trade-war-truce?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3310341/china-us-sign-duelling-deals-after-agreeing-trade-war-truce?utm_source=rss_feed Wed, 14 May 2025 14:00:10 +0000 Daniel Ren Daniel Ren China’s smart vehicles with sophisticated in-car entertainment – from huge video screens to advanced stereo – are sure-fire hits in Russia, where drivers and passengers are increasingly embracing digital technology, vendors said this week during the world’s largest auto show. Major Chinese carmakers including Chery Automobile, Great Wall Motor and Geely Auto are the vanguards and biggest winners in Russia, after Western brands stopped selling and marketing their vehicles in the country amid... https://www.scmp.com/business/china-business/article/3307862/advanced-digital-cockpits-give-chinese-evs-overwhelming-advantage-russia-vendors-say?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307862/advanced-digital-cockpits-give-chinese-evs-overwhelming-advantage-russia-vendors-say?utm_source=rss_feed Fri, 25 Apr 2025 03:45:56 +0000 Amid the reshaping of the global order, trade and tariff wars seem to have become the norm. While such measures are likely to affect exports of Chinese vehicles to the United States and European Union, Beijing can still rely on Russia – a relatively new and growing market that has become an important destination for Chinese car sales. The EU and US have made no secret of their plans to create barriers to the import of Chinese cars. Last October, the 27-nation bloc increased tariffs on Chinese... https://www.scmp.com/opinion/china-opinion/article/3304419/amid-tariff-wars-chinese-carmakers-are-dominating-russian-market?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3304419/amid-tariff-wars-chinese-carmakers-are-dominating-russian-market?utm_source=rss_feed Tue, 01 Apr 2025 12:30:08 +0000 Reuters Reuters Chinese companies were ramping up orders for Nvidia’s H20 artificial intelligence (AI) chip due to booming demand for DeepSeek’s low-cost AI models, six people familiar with the matter said. The surge in orders, which is being reported for the first time by Reuters, underlines Nvidia’s dominance of the market and could help alleviate concerns that DeepSeek might cause a slide in AI chip demand. Tencent Holdings, Alibaba Group Holding and ByteDance had “significantly increased” orders of the H20... https://www.scmp.com/tech/big-tech/article/3299980/deepseeks-ai-models-drive-surging-orders-nvidia-h20-chips-china-sources-say?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3299980/deepseeks-ai-models-drive-surging-orders-nvidia-h20-chips-china-sources-say?utm_source=rss_feed Tue, 25 Feb 2025 01:59:54 +0000 A group representing about 25 American, European, Japanese and South Korean carmakers in Brazil on Wednesday urged the Luiz Inacio Lula da Silva administration to investigate China’s alleged dumping practices and slap tariffs on leading mainland auto brands BYD and Great Wall Motors. In a statement, Marcio de Lima Leite, president of Brazil’s National Association of Automotive Vehicle Manufacturers (Anfavea), said the group had commissioned a study on the issue to “defend fair competition and... https://www.scmp.com/news/china/article/3296748/china-carmakers-merit-dumping-probe-and-tariffs-brazil-auto-industry-group?utm_source=rss_feed https://www.scmp.com/news/china/article/3296748/china-carmakers-merit-dumping-probe-and-tariffs-brazil-auto-industry-group?utm_source=rss_feed Wed, 29 Jan 2025 23:10:24 +0000 Bloomberg Bloomberg Brazilian ports have been clogged this year with more than 70,000 unsold Chinese electric vehicles (EV), in a sign of how hard it is becoming for China’s carmakers to keep up their robust growth. Companies such as BYD and Great Wall Motor have global ambitions, and Brazil has become a crucial proving ground with many other large economies turning towards protectionism. The country is the world’s sixth-biggest car market and success there may boost prospects across the region. But after taking... https://www.scmp.com/business/china-evs/article/3290647/brazilian-ports-jammed-70000-unsold-chinese-evs-tariffs-loom?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3290647/brazilian-ports-jammed-70000-unsold-chinese-evs-tariffs-loom?utm_source=rss_feed Fri, 13 Dec 2024 06:24:41 +0000 Great Wall Motors (GWM), China’s largest manufacturer of SUVs and pickup trucks, is set to start operations at its Brazilian factory in May, with plans to produce up to 25,000 vehicles in the first year, according to a report by the Brazilian newspaper Valor Economico. The facility will be GWM’s third manufacturing plant outside China, joining existing operations in Russia and Thailand. The Chinese automaker entered the Brazilian market in 2021 after acquiring Mercedes-Benz’s manufacturing... https://www.scmp.com/news/china/article/3282512/chinas-great-wall-motors-open-factory-brazil-may-report?utm_source=rss_feed https://www.scmp.com/news/china/article/3282512/chinas-great-wall-motors-open-factory-brazil-may-report?utm_source=rss_feed Tue, 15 Oct 2024 20:47:29 +0000 Ann Cao Ann Cao Alibaba Group Holding’s cloud computing services unit and semiconductor powerhouse Nvidia are collaborating on an artificial intelligence (AI) initiative that will enable Chinese automakers to advance the autonomous driving experience for smart vehicle owners. Alibaba Cloud, the digital technology backbone of the e-commerce giant, on Friday announced that collaboration, as it unveiled a large multimodal model (LMM) solution for automotive applications that it co-developed with Nvidia and... https://www.scmp.com/tech/big-tech/article/3279428/alibaba-nvidia-collaborate-advanced-autonomous-driving-solution-computing-services?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3279428/alibaba-nvidia-collaborate-advanced-autonomous-driving-solution-computing-services?utm_source=rss_feed Sat, 21 Sep 2024 06:48:38 +0000 Chinese investment in Brazil grew by 33 per cent in 2023, reaching US$1.73 billion, according to a study by the Brazil-China Business Council (CBBC) released on Tuesday. Although the number of confirmed Chinese projects in the country fell from 32 in 2022 to 29 in 2023, it was still the third largest total since 2007. Most of the financing went to the electricity sector, which accounted for 39 per cent of the total investment amount, equivalent to US$668 million. These investments focused on... https://www.scmp.com/news/china/article/3277090/chinese-investment-brazils-ev-and-electricity-sector-soars-says-report?utm_source=rss_feed https://www.scmp.com/news/china/article/3277090/chinese-investment-brazils-ev-and-electricity-sector-soars-says-report?utm_source=rss_feed Tue, 03 Sep 2024 21:48:01 +0000 Daniel Ren Daniel Ren Great Wall Motor, mainland China’s largest SUV maker, will suspend production of its “Tank” branded vehicles for a week at the end of this month, citing extreme weather as the country’s northwest and eastern regions grapple with a brutal heatwave. Tank is a premium SUV brand introduced in 2021, and Great Wall produces both petrol and plug-in versions. The brand’s sales account for over a fifth of its total. The company, based in Baoding, north China’s Hebei province, said in a statement on... https://www.scmp.com/business/china-business/article/3270824/great-wall-motors-tank-brand-suspends-production-heatwave-sears-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3270824/great-wall-motors-tank-brand-suspends-production-heatwave-sears-china?utm_source=rss_feed Wed, 17 Jul 2024 10:30:09 +0000 Coco Feng Coco Feng Chinese internet giant Baidu has met with state-owned Shandong Heavy Industry Group (SHIG) – a major producer of trucks, engines and tractors – for cooperation in artificial intelligence (AI) and autonomous driving. In the meeting between Baidu chairman and chief executive Robin Li Yanhong and SHIG chairman Tan Xuguang on Wednesday, the two agreed to “explore the application of large language models in the fields of intelligent manufacturing and smart driving of commercial vehicles”, according... https://www.scmp.com/tech/article/3268520/baidu-meets-state-owned-ai-self-driving-tech-firm-autonomous-trucking-hold-appeal?utm_source=rss_feed https://www.scmp.com/tech/article/3268520/baidu-meets-state-owned-ai-self-driving-tech-firm-autonomous-trucking-hold-appeal?utm_source=rss_feed Fri, 28 Jun 2024 12:17:59 +0000 Chinese carmaker Great Wall Motor plans to close its European headquarters in Munich in August and lay off about 100 workers. The company, one of the largest independent car manufacturers in China, is adjusting its European strategy as the electric vehicle (EV) market there becomes more challenging, it said in a statement on its website dated May 31. About 100 European staff members will be let go, a company representative said on Monday. Shares in the carmaker’s Hong Kong-listed arm fell as... https://www.scmp.com/business/companies/article/3265312/chinas-great-wall-motor-close-european-headquarters-cut-100-jobs-it-adjusts-strategy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3265312/chinas-great-wall-motor-close-european-headquarters-cut-100-jobs-it-adjusts-strategy?utm_source=rss_feed Tue, 04 Jun 2024 06:43:14 +0000 A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home. In Southeast Asia, where battery-powered cars are becoming more and more popular, Chinese EV builders from established giants like BYD and Great Wall Motor to start-ups such as Hozon New Energy Automobile are offering discounts in a bid to take on Japanese rivals whose petrol vehicles dominate the... https://www.scmp.com/business/china-business/article/3264032/chinas-ev-price-war-spreads-overseas-carmakers-chase-market-share-higher-profit-margins?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3264032/chinas-ev-price-war-spreads-overseas-carmakers-chase-market-share-higher-profit-margins?utm_source=rss_feed Fri, 24 May 2024 12:46:06 +0000 TikTok owner ByteDance has commercially launched a batch of large language models (LLMs) – the technology behind ChatGPT and other generative artificial intelligence (GenAI) services – that costs less than those from industry rivals, a move that could spark a new price war in the world’s second-largest economy. The Doubao LLM family, which shares the same name as the Doubao chatbot that ByteDance introduced last year, is made up of at least eight versions. These include the top-of-the-line... https://www.scmp.com/tech/big-tech/article/3262781/tiktok-owner-bytedance-launches-low-cost-doubao-ai-models-enterprises-initiating-price-war-crowded?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3262781/tiktok-owner-bytedance-launches-low-cost-doubao-ai-models-enterprises-initiating-price-war-crowded?utm_source=rss_feed Wed, 15 May 2024 10:00:10 +0000 Spotlight Automotive, BMW’s 50-50 electric vehicle (EV) venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally. Cars including models under BMW-owned brand Mini will be sold in markets such as Europe and Southeast Asia after Spotlight starts assembling them in China’s eastern Jiangsu province later this year, Jason Zhang, director of governance and public relations at the EV venture, told the Post on Friday. “Except for markets that levy... https://www.scmp.com/business/china-business/article/3258853/spotlight-bmws-china-venture-assemble-evs-including-mini-cars-consumers-worldwide?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3258853/spotlight-bmws-china-venture-assemble-evs-including-mini-cars-consumers-worldwide?utm_source=rss_feed Fri, 12 Apr 2024 12:30:09 +0000 Aion, an electric vehicle (EV) unit of state-owned Chinese company GAC Group, plans to build its second Southeast Asia plant in Indonesia, upping its stake in the potentially vast market against domestic rivals like BYD. Guangzhou-based Aion will partner with Indomobil Group, a carmaker based in Jakarta, to localise its production and supply chain, offering Indonesian consumers a variety of intelligent new-energy vehicles, it said in a statement on Tuesday. The third bestselling EV brand in... https://www.scmp.com/business/china-business/article/3257755/chinese-ev-maker-aion-plans-indonesia-plant-vying-against-rivals-byd-slice-promising-southeast-asia?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3257755/chinese-ev-maker-aion-plans-indonesia-plant-vying-against-rivals-byd-slice-promising-southeast-asia?utm_source=rss_feed Wed, 03 Apr 2024 12:36:28 +0000 Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, has raised 100 million yuan (US$13.9 million) in a new round of financing buoyed by Chinese drivers’ growing appetite for intelligent vehicles. The Beijing-based firm said the proceeds it received from Chengdu Wufa Private Equity Fund Management will be used to enhance its research and development capability as the commercialisation of self-driving technology picks up in the world’s largest automotive market. “The... https://www.scmp.com/business/companies/article/3252861/autonomous-cars-chinese-start-haomo-backed-great-wall-motor-raises-fresh-capital-develop-driverless?utm_source=rss_feed https://www.scmp.com/business/companies/article/3252861/autonomous-cars-chinese-start-haomo-backed-great-wall-motor-raises-fresh-capital-develop-driverless?utm_source=rss_feed Thu, 22 Feb 2024 10:32:10 +0000 China’s Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter. Xiaomi, which has the biggest share in India’s smartphone market at 18 per cent, also asks in the letter dated February 6 that India consider offering manufacturing incentives and lowering import tariffs for certain smartphone components. The Chinese... https://www.scmp.com/business/china-business/article/3251734/xiaomi-says-confidence-building-measures-needed-india-after-delhis-scrutiny-chinese-firms-unnerves?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3251734/xiaomi-says-confidence-building-measures-needed-india-after-delhis-scrutiny-chinese-firms-unnerves?utm_source=rss_feed Mon, 12 Feb 2024 06:21:04 +0000 Nvidia said four Chinese electric vehicle (EV) makers will use its technology as the brains for intelligent automated-driving systems, underscoring the US chip tech company's determination to expand in China amid Washington’s tighter export rules. Chinese carmakers Li Auto, Great Wall Motor, Zeekr and the new EV unit of Chinese smartphone vendor Xiaomi will use Nvidia’s Drive technology to power their next-generation fleets, US-based Nvidia said on Monday at the CES trade show in Las... https://www.scmp.com/tech/tech-war/article/3247723/nvidia-expands-its-reach-chinas-electric-vehicle-sector?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3247723/nvidia-expands-its-reach-chinas-electric-vehicle-sector?utm_source=rss_feed Mon, 08 Jan 2024 17:32:39 +0000 Toyota will soon test a new electric pickup truck in Thailand, its executive said, as the Japanese company strives to boost EV sales in a country where rising competition from Chinese rivals challenges its dominance. Chinese electric vehicle (EV) makers are rapidly gaining market share in Thailand and have pledged some US$1.5 billion investment for new manufacturing facilities there, part of their drive to expand overseas amid slowing domestic sales. Pras Ganesh, executive vice-president of... https://www.scmp.com/business/china-business/article/3240399/toyota-plans-trial-new-ev-pickup-truck-thailand-counter-chinese-rivals-byd-great-wall-motor?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3240399/toyota-plans-trial-new-ev-pickup-truck-thailand-counter-chinese-rivals-byd-great-wall-motor?utm_source=rss_feed Sun, 05 Nov 2023 08:51:33 +0000 More than a year after the likes of Nissan, Renault and Mercedes-Benz pulled out of Russia due to Western sanctions imposed following the invasion of Ukraine, Chinese carmakers are making inroads as the so-called no-limits partnership between Beijing and Moscow expands. Premier Li Qiang highlighted cooperation in the auto sector during a meeting with Russian Prime Minister Mikhail Mishustin in Kyrgyzstan on Wednesday. And last week, Moscow also restricted government procurement of new cars to... https://www.scmp.com/economy/global-economy/article/3239281/chinese-carmakers-shift-high-gear-making-inroads-russia-no-limits-partnership-finds-new-focus?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3239281/chinese-carmakers-shift-high-gear-making-inroads-russia-no-limits-partnership-finds-new-focus?utm_source=rss_feed Thu, 26 Oct 2023 13:00:11 +0000 Thailand, renowned as the “Detroit of Asia” for its production of internal combustion engine cars, wants to break into the top tier of electric vehicle makers as part of a goal to lure 1 trillion baht (US$28 billion) of foreign investment in four years. To that end, the Southeast Asian nation has set up a “special operation” centre to catch what its investment board head calls the “big fish” of the EV industry and other strategic sectors. Chinese EV makers are a top target, said Narit... https://www.scmp.com/news/asia/southeast-asia/article/3239243/thailand-moving-full-speed-ahead-lure-chinas-ev-big-fish-detroit-asia?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3239243/thailand-moving-full-speed-ahead-lure-chinas-ev-big-fish-detroit-asia?utm_source=rss_feed Thu, 26 Oct 2023 05:44:15 +0000 It is commonly believed that it is difficult for Western firms to operate their business operations in China. However, it is even more challenging for firms to operate in India, especially for Chinese firms. In early October, four executives of Chinese smartphone maker Vivo, including one Chinese national, were arrested in India in connection with a money laundering investigation. These arrests added to the legal troubles of various Chinese phone makers in India. In 2022, Chinese mobile phone... https://www.scmp.com/comment/opinion/article/3237795/how-indias-unspoken-strategy-drive-out-chinese-firms-can-backfire?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3237795/how-indias-unspoken-strategy-drive-out-chinese-firms-can-backfire?utm_source=rss_feed Tue, 17 Oct 2023 12:30:12 +0000 BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle (EV) production outside Asia. The Chinese company’s new EV factory in Brazil will include a unit to process lithium and iron phosphate for the international market and BYD hopes it will be able to finish work in less than two years, according to Stella Li, BYD’s global vice-president. “We prefer to buy any available and affordable resource, but it needs to be... https://www.scmp.com/business/companies/article/3237768/chinas-byd-eyes-lithium-assets-brazil-ev-raw-material-push?utm_source=rss_feed https://www.scmp.com/business/companies/article/3237768/chinas-byd-eyes-lithium-assets-brazil-ev-raw-material-push?utm_source=rss_feed Fri, 13 Oct 2023 02:09:35 +0000 Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility. The Beijing-based company said its new products will cost vehicle assemblers as little as 3,000 yuan (US$411) apiece, significantly less than many comparable self-driving systems in the market. They are capable of Level 2 (L2)... https://www.scmp.com/business/china-business/article/3237600/chinas-ev-race-great-wall-motor-backed-start-haomo-unveils-3-new-low-cost-l2-autonomous-driving?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3237600/chinas-ev-race-great-wall-motor-backed-start-haomo-unveils-3-new-low-cost-l2-autonomous-driving?utm_source=rss_feed Wed, 11 Oct 2023 12:00:17 +0000 Regulatory hurdles and China’s economic slowdown have fuelled a sharp drop in the country’s investment in Brazil, according to a report documenting business between the two countries. Beijing’s outlay in 2022 plummeted to a 13-year low of US$1.3 billion, pushing the country to ninth globally in Chinese foreign investment, according to findings published on Tuesday by the non-profit China-Brazil Business Council (CBBC). Experts pointed to multiple factors for the nearly 78 per cent reduction. In... https://www.scmp.com/news/china/article/3233176/chinese-investment-brazil-hits-13-year-low-after-economic-slowdown-regulatory-hurdles-report?utm_source=rss_feed https://www.scmp.com/news/china/article/3233176/chinese-investment-brazil-hits-13-year-low-after-economic-slowdown-regulatory-hurdles-report?utm_source=rss_feed Fri, 01 Sep 2023 18:10:15 +0000 State-owned Changan Automobile, the Chinese partner of Ford Motor and Mazda Motor, said it plans to build an electric-vehicle (EV) assembly plant in Thailand, becoming the latest Chinese carmaker to invest in the Southeast Asian market amid cutthroat domestic competition. The company, which is based in China’s southwestern Chongqing province, will spend 1.83 billion yuan (US$251 million) to set up a plant with an annual capacity of 100,000 units, which will be sold in Thailand, Australia, New... https://www.scmp.com/business/china-business/article/3232276/state-owned-carmaker-changan-joins-likes-byd-and-great-wall-motors-southeast-asia-foray-build?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3232276/state-owned-carmaker-changan-joins-likes-byd-and-great-wall-motors-southeast-asia-foray-build?utm_source=rss_feed Fri, 25 Aug 2023 07:15:09 +0000 Great Wall Motor, China’s largest sport-utility vehicle (SUV) assembler, looks set to become the first carmaker to use Baidu’s ChatGPT-like artificial intelligence (AI) technology, which enables conversation between driver and car. The company, based in Baoding in northern China’s Hebei province, said in a statement on Wednesday that it has partnered with Baidu, a search and AI giant, to develop vehicles fitted with the chatbot tool known as Ernie Bot, reinforcing a push to make cars more... https://www.scmp.com/business/china-business/article/3229790/baidus-ernie-bot-be-used-great-wall-motors-vehicles-enhance-conversation-between-driver-and-car?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3229790/baidus-ernie-bot-be-used-great-wall-motors-vehicles-enhance-conversation-between-driver-and-car?utm_source=rss_feed Wed, 02 Aug 2023 21:00:10 +0000