https://www.scmp.com/rss/508697/feed Nio builds premium electric vehicles in China. The company’s EVs feature swappable batteries that allow drivers to get back on the road minutes after pulling into battery-swap stations. It has signed partnership agreements with other carmakers, Zhejiang Geely and Changan Automobile, to build cars with the technology and expand the country’s network of swap stations. It operates two plants, both in Hefei, the capital of Anhui province. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yulu Ao,Daniel Ren Yulu Ao,Daniel Ren Chinese electric vehicle (EV) stocks rallied against a falling broader market in Hong Kong on Monday, as strong export data and rising oil prices bolstered the appeal of battery-powered and hybrid cars while a coming wave of model launches sparked hopes of a domestic demand recovery. Nio surged 7.5 per cent to HK$52.40 on Monday, while BYD climbed 5 per cent to HK$110.30, the highest since October 2. Xpeng advanced 0.9 per cent to HK$67.60, and Zhejiang Leapmotor Technology added 1.6 per cent to... https://www.scmp.com/business/china-business/article/3349858/chinese-ev-stocks-jump-surging-exports-hopes-domestic-demand-recovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349858/chinese-ev-stocks-jump-surging-exports-hopes-domestic-demand-recovery?utm_source=rss_feed Mon, 13 Apr 2026 06:00:19 +0000 Daniel Ren Daniel Ren A pivotal year for self-driving cars has begun in China, with the first “hands off” models approved to ply public roads, carmakers gearing up to mass-produce them and the first mandatory safety standards for autonomous vehicles out for public comment. The first carmakers were given the go-ahead in mid-December to build electric vehicle (EV) models with Level 3 (L3) autonomous driving capability. On an international scale from L0 to L5, an L3 autonomous vehicle can operate independently under... https://www.scmp.com/plus/business/china-evs/article/3349837/chinese-carmakers-gear-l3-self-driving-roll-out?utm_source=rss_feed https://www.scmp.com/plus/business/china-evs/article/3349837/chinese-carmakers-gear-l3-self-driving-roll-out?utm_source=rss_feed Mon, 13 Apr 2026 03:40:07 +0000 Themis Qi Themis Qi Three solid-state battery developers across China and the US are moving towards initial public offerings (IPOs), as geopolitical tensions and elevated oil prices fuel demand for more energy-efficient technologies. Qingtao (Kunshan) Energy Development Group became the latest to join the queue, filing for a Hong Kong listing on April 8. Earlier, Beijing WeLion New Energy began the pre-listing tutoring process ahead of a planned application to the Shenzhen Stock Exchange, while US-based Factorial... https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed Fri, 10 Apr 2026 01:30:17 +0000 Daniel Ren Daniel Ren A number of underperforming international car brands are likely to either exit the mainland Chinese market or scale down operations, as losses mount due to falling sales and shrinking market share. Carmakers delivering fewer than 1,000 units a month already faced a do-or-die situation in the world’s largest automotive market because the weak sales were not enough to cover their manufacturing and operating costs, according to analysts. Some carmakers are likely to follow Skoda, Volkswagen’s... https://www.scmp.com/business/china-business/article/3349083/more-foreign-marques-face-do-or-die-moment-chinese-buyers-shun-petrol-cars?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349083/more-foreign-marques-face-do-or-die-moment-chinese-buyers-shun-petrol-cars?utm_source=rss_feed Mon, 06 Apr 2026 08:00:09 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) makers posted a strong rebound in sales last month, shaking off the weak start to the year as local government subsidies and aggressive financing incentives drew in first-time buyers. Momentum is expected to carry through the coming months, with dozens of new models set to debut at the Auto China show in Beijing, likely to stimulate fresh demand. “The sweeping improvement in deliveries revived hopes for a steady [EV] market after a woeful performance in January and... https://www.scmp.com/business/china-business/article/3348799/china-ev-makers-surge-back-march-subsidies-and-financing-spur-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348799/china-ev-makers-surge-back-march-subsidies-and-financing-spur-demand?utm_source=rss_feed Thu, 02 Apr 2026 10:00:12 +0000 Themis Qi Themis Qi The era of price wars in China’s electric vehicle (EV) market is giving way to a new contest: who can deliver better technology at the same price. On a cloudy evening in March, Shenzhen-based BYD put forward its answer with the unveiling of a battery capable of charging from 10 to 70 per cent in just five minutes – and to 97 per cent in nine minutes. The company said it would apply the technology to models priced as low as 155,000 yuan (US$22,500) while building 20,000 charging stations this... https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed Sat, 28 Mar 2026 02:00:13 +0000 Themis Qi Themis Qi Three Chinese electric vehicle (EV) makers have raised prices for some models in response to rising supply chain costs, but analysts say the increases are unlikely to be sustained given weakening domestic demand. Xiaomi became the latest manufacturer to adjust pricing on March 19, announcing that its new-generation SU7 standard version would start at 219,900 yuan (US$31,800) – a 4,000 yuan increase over the previous model. Founder and CEO Lei Jun had attributed the rise to aggressive surges in... https://www.scmp.com/business/banking-finance/article/3347527/three-chinese-ev-makers-raise-prices-analysts-warn-weak-demand-could-force-reversal?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347527/three-chinese-ev-makers-raise-prices-analysts-warn-weak-demand-could-force-reversal?utm_source=rss_feed Mon, 23 Mar 2026 23:30:08 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Geely beats BYD sales in first 2 months of 2026 to become China’s top carmaker Geely Auto has gained the upper hand in mainland China’s intensifying automotive sector, as its diverse product line-up pays off after electric vehicle (EV) king BYD suffered a setback following partial... https://www.scmp.com/business/china-evs/article/3346983/chinas-geely-beats-byd-sales-catls-profit-surges-42-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346983/chinas-geely-beats-byd-sales-catls-profit-surges-42-7-ev-reads?utm_source=rss_feed Wed, 18 Mar 2026 07:30:08 +0000 Zhu Wenqian Zhu Wenqian Several years ago, prime ground-floor spaces in major shopping malls across Beijing and Shanghai’s business districts were commonly occupied by electric vehicle (EV) showrooms, with staff often escorting customers to car parks for test drives. Many of these stores have now closed amid sluggish EV sales – yet mall owners have not been left disappointed. Instead, a new retail landscape is emerging, filled with tenants who are proving to be even more effective at drawing crowds and boosting rental... https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed Sun, 15 Mar 2026 04:00:12 +0000 Bloomberg Bloomberg BYD Company is examining options to enter competitive motorsport including Formula 1 and endurance racing, in an effort to boost the Chinese brand’s appeal globally, according to people familiar with the matter. The carmaker is looking at several options following its rapid growth outside its home market and competitive racing’s continuing shift towards hybrid engines, the people said, asking not to be named when discussing private information. These range from the World Endurance Championship,... https://www.scmp.com/sport/formula-one-f1/article/3346180/chinas-byd-explores-entering-formula-1-companys-first-push-motor-racing?utm_source=rss_feed https://www.scmp.com/sport/formula-one-f1/article/3346180/chinas-byd-explores-entering-formula-1-companys-first-push-motor-racing?utm_source=rss_feed Wed, 11 Mar 2026 05:13:58 +0000 Themis Qi Themis Qi Chinese electric vehicle (EV) maker Nio has forecast a surge of up to 97 per cent in first-quarter deliveries, underscoring the turnaround after posting its first-ever quarterly profit and defying a slowdown that has hit most of its domestic rivals. Nio, ranked the 15th bestselling Chinese EV maker last year, set a delivery guidance of 80,000 to 83,000 vehicles for the first quarter of 2026, representing a year-on-year surge of between 90 per cent and 97 per cent. The growth projection bucked... https://www.scmp.com/business/china-evs/article/3346142/chinese-ev-maker-nio-forecasts-surge-deliveries-after-first-quarterly-profit?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346142/chinese-ev-maker-nio-forecasts-surge-deliveries-after-first-quarterly-profit?utm_source=rss_feed Tue, 10 Mar 2026 22:30:08 +0000 Themis Qi,Zhu Wenqian Themis Qi,Zhu Wenqian The head of Chinese electric vehicle (EV) maker Xpeng said the country should accelerate the development of autonomous driving technology amid slowing sales growth in the sector. He Xiaopeng, founder and CEO of the Guangzhou-based company, said on Monday that the country should skip an intermediate step and move directly to a more advanced version of autonomous capabilities, adding that Beijing should adjust regulations and policies faster to make this happen. He said he would submit this... https://www.scmp.com/business/china-evs/article/3345163/why-wait-china-should-skip-step-self-driving-cars-xpeng-founder-and-ceo-says?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3345163/why-wait-china-should-skip-step-self-driving-cars-xpeng-founder-and-ceo-says?utm_source=rss_feed Mon, 02 Mar 2026 11:33:07 +0000 Ann Cao Ann Cao German Chancellor Friedrich Merz visited China’s eastern tech hub of Hangzhou on Thursday and met leading figures including those from Alibaba Group Holding and Unitree Robotics, signalling growing international recognition of the country’s robotics and artificial intelligence technologies. Merz had lunch and took group photos with local entrepreneurs, including Alibaba CEO Eddie Wu Yongming and Unitree founder and CEO Wang Xingxing, according to a social media account run by Chinese state... https://www.scmp.com/tech/article/3344835/germanys-merz-meets-chinas-tech-vanguard-including-alibaba-and-unitree-ceos?utm_source=rss_feed https://www.scmp.com/tech/article/3344835/germanys-merz-meets-chinas-tech-vanguard-including-alibaba-and-unitree-ceos?utm_source=rss_feed Fri, 27 Feb 2026 06:23:19 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China becomes Brazil’s biggest vehicle exporter in January, surpassing Argentina 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... https://www.scmp.com/business/china-evs/article/3343881/catls-battery-game-changer-teslas-ai-training-centre-china-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3343881/catls-battery-game-changer-teslas-ai-training-centre-china-7-ev-reads?utm_source=rss_feed Wed, 18 Feb 2026 07:30:07 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Nio plans to add another 1,000 battery swapping stations to its network this year, adding to its US$2.6 billion bet on the technology despite a challenge from fast-charging batteries as it touts its 100 millionth swap. The company’s 3,729 stations allow owners of compatible Nio EVs to exchange a spent battery pack for a charged one in just three minutes, and most navigate the car into position automatically. Created to ease anxiety over range and slow... https://www.scmp.com/business/china-evs/article/3342899/chinas-nio-raises-us26-billion-bet-ev-battery-swapping-plans-add-1000-stations?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3342899/chinas-nio-raises-us26-billion-bet-ev-battery-swapping-plans-add-1000-stations?utm_source=rss_feed Mon, 09 Feb 2026 07:00:30 +0000 Daniel Ren Daniel Ren Tesla has spearheaded a new round of low-interest, long-term loans to spur electric vehicle (EV) sales in mainland China, prompting domestic rivals such as Nio and Xpeng to follow suit in a cutthroat market grappling with raw-material inflation. However, fresh competition in car financing – while better than another bruising discount war – may not be enough to shore up deliveries as consumers refrain from buying cars due to reduced government incentives. “All EV makers are facing a dilemma this... https://www.scmp.com/business/china-business/article/3342310/tesla-xiaomi-vie-chinese-ev-buyers-cheaper-longer-loans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342310/tesla-xiaomi-vie-chinese-ev-buyers-cheaper-longer-loans?utm_source=rss_feed Wed, 04 Feb 2026 03:32:52 +0000 Daniel Ren Daniel Ren Major Chinese electric vehicle (EV) makers got off to a bumpy start in 2026 as they reported falling deliveries in January due to softening government support. Shares of Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummeted on Monday, battered by a bearish delivery outlook in the cutthroat mainland EV market. “Lacklustre [sales] data in January represented a rude reminder that the industry will face a difficult year,” said Ivan Li, a researcher at Loyal Wealth Management in Shanghai. “Nearly... https://www.scmp.com/business/china-business/article/3342066/chinese-ev-makers-shares-skid-sales-slide-after-tax-incentive-ends?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342066/chinese-ev-makers-shares-skid-sales-slide-after-tax-incentive-ends?utm_source=rss_feed Mon, 02 Feb 2026 07:00:09 +0000 Daniel Ren Daniel Ren Tesla’s falling car deliveries and declining profitability on the mainland have not stopped its Chinese electric-car rivals from imitating the US firm’s transition into an artificial intelligence entity. Xpeng, Li Auto and Nio, dubbed as Tesla challengers over the past decade, have taken similar steps to diversify into emerging technologies and position themselves for the future of transport. These Chinese firms are now building next-generation vehicles, flying cars, robots and chips to create... https://www.scmp.com/business/china-business/article/3341771/how-teslas-ai-shift-prompting-chinese-wannabes-expand-tech-offerings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341771/how-teslas-ai-shift-prompting-chinese-wannabes-expand-tech-offerings?utm_source=rss_feed Fri, 30 Jan 2026 04:49:50 +0000 Ying Xu,Weishi Zhang Ying Xu,Weishi Zhang In the global shift towards carbon neutral mobility, a striking role reversal is taking shape. China, often seen as a top-down planner, has emerged as a pragmatic, market-responsive architect of new energy vehicle (NEV) policy. Europe, a champion of climate ambition, is seemingly executing a retreat amid a disconnect between ambition and reality. The planned dilution of the European Union’s ban on new combustion-engine cars by 2035 to a carbon dioxide output reduction target of 90 per cent is... https://www.scmp.com/opinion/china-opinion/article/3341418/ev-targets-europe-should-take-page-chinas-playbook?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3341418/ev-targets-europe-should-take-page-chinas-playbook?utm_source=rss_feed Wed, 28 Jan 2026 08:30:07 +0000 Daniel Ren Daniel Ren Western countries’ positive stance on electric vehicles (EVs) has given Chinese carmakers from BYD to Leapmotor renewed vigour to step up their global expansion and counter a slowing domestic market, industry observers said. Europe’s buoyant EV market last year lifted Chinese assemblers’ hopes to boost their exports to shore up their profits and hone their international image, they added. “A welcoming attitude towards electrification is good news for Chinese EV makers because they enjoy... https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed Tue, 20 Jan 2026 12:12:03 +0000 Daniel Ren Daniel Ren A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European authorities accepted price undertakings to replace punitive anti-subsidy tariffs of up to 35.3 per cent. Minimum... https://www.scmp.com/business/china-business/article/3339914/china-eu-tariff-agreement-evs-seen-cutting-shipments-boosting-profitability?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339914/china-eu-tariff-agreement-evs-seen-cutting-shipments-boosting-profitability?utm_source=rss_feed Thu, 15 Jan 2026 00:30:09 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL), the world’s largest maker of electric vehicle (EV) batteries, has intensified efforts to develop batteries with longer lifespans after deepening its partnership with carmaker Nio. The two companies said they were committed to finding solutions to an issue that could cost millions of EV users trillions of yuan to replace expired batteries. Under a five-year agreement, CATL and Nio would pursue new technologies aimed at extending the life cycle of EV... https://www.scmp.com/business/china-business/article/3338961/chinas-catl-nio-deepen-partnership-develop-ev-batteries-longer-lifespans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338961/chinas-catl-nio-deepen-partnership-develop-ev-batteries-longer-lifespans?utm_source=rss_feed Tue, 06 Jan 2026 13:45:05 +0000 Mark Andrews Mark Andrews China’s car industry is expected to stagnate this year as it tries to catch its breath after years of growth. New energy vehicles (NEVs) are likely to continue increasing their market share but growth will be much lower than in recent years, with the penetration rate reaching around 60 per cent. “Involution” was the major theme last year, and despite efforts by the government and manufacturers, the situation is unlikely to improve until the second half of the year, due to a tepid economy and a... https://www.scmp.com/opinion/china-opinion/article/3338636/innovation-and-exports-will-winnow-chinas-car-industry-2026?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3338636/innovation-and-exports-will-winnow-chinas-car-industry-2026?utm_source=rss_feed Tue, 06 Jan 2026 08:30:09 +0000 Danielle Popov Danielle Popov China has pulled far ahead in the race to build humanoid robots, issuing five times as many related patents as the United States over the past five years, Morgan Stanley said in its latest Robot Almanac. In “Robot Almanac, Volume 3: Humanoids & Industrial Robots”, released on Tuesday as part of a six-volume series, Morgan Stanley said China recorded 7,705 humanoid patents over the past five years, compared with 1,561 in the US. Japan ranked next with 1,102, followed by the World Intellectual... https://www.scmp.com/tech/article/3337151/china-packs-patent-punch-race-build-humanoid-robots?utm_source=rss_feed https://www.scmp.com/tech/article/3337151/china-packs-patent-punch-race-build-humanoid-robots?utm_source=rss_feed Sat, 20 Dec 2025 23:30:08 +0000 Cao Li Cao Li Nio’s lidar supplier Seyond Holdings debuted on the Hong Kong stock exchange on Wednesday, through a de-SPAC transaction, merging with special purpose acquisition company TechStar Acquisition and raising a total of HK$1.03 billion (US$132.4 million). The Silicon Valley-based company, which designs, develops and produces light detecting and ranging sensors for advanced driver assistance systems (ADAS), saw its shares – issued at HK$10 each – jump as high as HK$17.30 in morning trading before... https://www.scmp.com/business/article/3335916/nio-lidar-supplier-seyond-soars-hong-kong-debut-after-hk1-billion-de-spac-merger?utm_source=rss_feed https://www.scmp.com/business/article/3335916/nio-lidar-supplier-seyond-soars-hong-kong-debut-after-hk1-billion-de-spac-merger?utm_source=rss_feed Wed, 10 Dec 2025 10:00:09 +0000 Daniel Ren Daniel Ren At least three Chinese electric vehicle (EV) assemblers rewrote their monthly sales records in November, as consumers rushed to dealers before tax breaks and cash subsidies are phased out from January 1. Analysts and dealers, however, expect a sharp fall in deliveries at the beginning of the new year as buying interest dries up. Stellantis-backed Leapmotor, one of the fastest-selling EV makers this year, delivered 70,327 vehicles in November, hitting an all-time high for the seventh consecutive... https://www.scmp.com/business/china-evs/article/3334805/chinas-ev-makers-post-electrifying-sales-incentives-are-phased-out-next-year?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3334805/chinas-ev-makers-post-electrifying-sales-incentives-are-phased-out-next-year?utm_source=rss_feed Mon, 01 Dec 2025 23:30:08 +0000 Bloomberg Bloomberg Investors in Chinese electric vehicle (EV) stocks, who had been hoping for a strong earnings season to provide fresh tailwinds, instead face disappointing results that have stoked anxiety about what lies ahead. The sector was riding high – with Xpeng’s year-to-date gain exceeding 130 per cent earlier this month – buoyed by a surge in global risk appetite and an improved outlook for Chinese assets. But signs of pressure at even established firms like BYD have raised new questions over the... https://www.scmp.com/business/china-evs/article/3334488/china-ev-makers-profit-woes-fuel-market-anxiety-over-challenging-2026?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3334488/china-ev-makers-profit-woes-fuel-market-anxiety-over-challenging-2026?utm_source=rss_feed Fri, 28 Nov 2025 07:10:44 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) builders are increasingly shipping their cars abroad to spur international sales ahead of an expected downturn in their home market, analysts say, as Beijing phases out incentives such as tax holidays and cash subsidies. The carmakers, which can enjoy a net margin of 20,000 yuan (US$706) per vehicle by selling their cars outside mainland China, are rolling out more models and pushing into untapped territories to chase high profitability. Stellantis-backed Leapmotor,... https://www.scmp.com/business/china-business/article/3334300/chinese-ev-makers-step-gas-abroad-hedge-against-weaker-mainland-sales?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334300/chinese-ev-makers-step-gas-abroad-hedge-against-weaker-mainland-sales?utm_source=rss_feed Thu, 27 Nov 2025 23:30:08 +0000 Daniel Ren,Julie Zhang Daniel Ren,Julie Zhang Chinese electric vehicle (EV) makers from Xpeng to Chery Automobile, leveraging their technological and manufacturing strength, are intensifying efforts to build humanoid robots as they position themselves as potential game-changers amid Beijing’s ambitions to gain an upper hand over the US in the hi-tech sector. Guangzhou-based Xpeng said it envisioned sales of 1 million units by 2030 after its next-generation humanoid robot Iron won praise from Tesla CEO Elon Musk early this month. He... https://www.scmp.com/business/china-evs/article/3333310/chinese-ev-makers-accelerate-robotics-drive-game-changing-edge-over-us?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3333310/chinese-ev-makers-accelerate-robotics-drive-game-changing-edge-over-us?utm_source=rss_feed Wed, 19 Nov 2025 00:30:10 +0000 Xinmei Shen Xinmei Shen Investment in nuclear fusion power is heating up in China, with Ant Group placing a bet on the developing technology as energy becomes a new front in the US-China artificial intelligence race. Hefei-based Xeonova said on Monday it had raised hundreds of millions of yuan in a pre-A funding round led by Ant Group. Other investors include Hidden Hill Capital and Zijin Mining Group. Ant Group is an affiliate of Alibaba Group Holding, owner of the Post. Fusion, the process of combining two light... https://www.scmp.com/tech/article/3332192/ant-group-joins-chinas-nuclear-fusion-funding-surge-ai-race-fuels-energy-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3332192/ant-group-joins-chinas-nuclear-fusion-funding-surge-ai-race-fuels-energy-demand?utm_source=rss_feed Mon, 10 Nov 2025 10:00:31 +0000 Daniel Ren Daniel Ren Volkswagen Group plans to develop its own advanced semiconductors in China to power its locally made semi-autonomous vehicles, ramping up efforts to regain ground in the world’s largest car market amid heightened competition. The German carmaker on Wednesday said Carizon – a venture it jointly owned with Horizon Robotics, a designer of artificial intelligence integrated circuits – would develop a system-on-a-chip (SoC) that would be delivered in the next three to five years. “We are accelerating... https://www.scmp.com/business/china-business/article/3331675/volkswagen-make-own-advanced-chips-china-locally-made-autonomous-vehicles?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331675/volkswagen-make-own-advanced-chips-china-locally-made-autonomous-vehicles?utm_source=rss_feed Wed, 05 Nov 2025 13:22:00 +0000 Yulu Ao Yulu Ao Shares of Seres Group fell on their debut in Hong Kong on Wednesday, the first US$1 billion IPO in the city this year not to register gains on the first day of trading. Seven other IPOs, including battery-maker Contemporary Amperex Technology (CATL), which raised US$5.3 billion in May, sizzled on debut. Trading under the stock code 9927, shares of Chongqing-based Seres closed unchanged at HK$131.50, after slumping as much as 10.3 per cent. It first changed hands at HK$128.90, compared with the... https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed Wed, 05 Nov 2025 02:10:05 +0000 Xiaofei Xu Xiaofei Xu This year marks half a century of formal diplomatic relations between China and the European Union, as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. The latest story in our series examining ties between the two powers focuses on intensified competition in the auto industry, a bedrock sector for Europe and an area where China has made enormous strides, particularly in electric vehicles and other hi-tech advancements. When Volkswagen engineers... https://www.scmp.com/economy/global-economy/article/3328961/chinas-ev-boom-has-eu-setting-roadblocks-can-cooperation-clear-way?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3328961/chinas-ev-boom-has-eu-setting-roadblocks-can-cooperation-clear-way?utm_source=rss_feed Tue, 14 Oct 2025 22:00:08 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) makers, from bellwether BYD to start-up Dreame, have stepped up efforts to crack overseas markets as earnings prospects at home look dim amid vicious price competition. They are choosing to either assemble vehicles overseas or open more showrooms abroad to promote their smart EVs fitted with sophisticated in-car entertainment systems and high-performance battery packs, in hopes of taking market share from international marques like Volkswagen and Toyota. “Chinese... https://www.scmp.com/business/china-business/article/3328074/chinese-ev-makers-go-global-bid-boost-profits-amid-price-war-home?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328074/chinese-ev-makers-go-global-bid-boost-profits-amid-price-war-home?utm_source=rss_feed Tue, 07 Oct 2025 23:30:07 +0000 Bloomberg Bloomberg Chinese carmakers are already beating their Western rivals when it comes to winning over the country’s middle-class drivers. Now they are coming for rich customers looking to add a little extra to their cars. Xiaomi last month started a service that will allow buyers to customise their 529,900 yuan (US$74,000) SU7 Ultra racer electric sedans with select trim and paint jobs – adding at least 100,000 yuan to the sticker price. A major smartphone designer that is making quick inroads with its... https://www.scmp.com/business/china-business/article/3327944/xiaomi-takes-porsche-customised-luxury-evs-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327944/xiaomi-takes-porsche-customised-luxury-evs-china?utm_source=rss_feed Mon, 06 Oct 2025 01:36:33 +0000 Xiaofei Xu Xiaofei Xu Fifty years ago, Christian Social Union in Bavaria chairman Franz Josef Strauss visited Beijing, becoming the first West German politician to meet Chinese leader Mao Zedong. According to German media reports, the late conservative politician sent a postcard to Helmut Schmidt, Germany’s chancellor at the time and head of the rival Social Democratic Party, saying “Beijing is worth a trip.” Schmidt became the first German leader to visit China later that year. A half-century later, the roles have... https://www.scmp.com/economy/global-economy/article/3325351/germanys-bavaria-open-chinese-investment-despite-eu-tensions-state-minister-says?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3325351/germanys-bavaria-open-chinese-investment-despite-eu-tensions-state-minister-says?utm_source=rss_feed Sat, 13 Sep 2025 06:00:24 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Nio plans to raise more than US$1 billion in fresh funds with a share sale to enhance its development and replenish capital amid a price war. In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated between its American depositary shares (ADS) and its ordinary stock. Nio is listed in the US, Hong Kong and Singapore. Investors can subscribe to the ADS, to be traded on the New York Stock... https://www.scmp.com/business/banking-finance/article/3325085/chinese-ev-maker-nio-eyes-us11-billion-proceeds-share-placement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325085/chinese-ev-maker-nio-eyes-us11-billion-proceeds-share-placement?utm_source=rss_feed Wed, 10 Sep 2025 13:20:48 +0000 Cao Li Cao Li Hesai Group, the world’s largest supplier of automotive lidar sensors, is seeking to raise up to HK$3.9 billion (US$500 million) from a dual primary listing in Hong Kong, joining a clutch of Chinese electric vehicle (EV) assemblers and supply-chain vendors tapping into global investor interest in the country’s unpolished industrial gems. The company plans to issue up to 17 million shares at a maximum price of HK$228 per share, with 10 per cent offered to Hong Kong public investors and the... https://www.scmp.com/business/china-business/article/3324708/lidar-giant-hesai-seeks-us500-million-hong-kong-dual-listing-amid-us-china-tensions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324708/lidar-giant-hesai-seeks-us500-million-hong-kong-dual-listing-amid-us-china-tensions?utm_source=rss_feed Mon, 08 Sep 2025 05:39:10 +0000 Daniel Ren Daniel Ren Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses in the second quarter, as discounts helped to encourage more buyers to ditch their oil-guzzling vehicles for battery-driven cars. Nio’s second-quarter loss narrowed by 26 per cent... https://www.scmp.com/business/markets/article/3324232/chinas-ev-marques-must-redouble-deliveries-coming-months-meet-2025-break-even-goal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3324232/chinas-ev-marques-must-redouble-deliveries-coming-months-meet-2025-break-even-goal?utm_source=rss_feed Thu, 04 Sep 2025 00:30:07 +0000 Aileen Chuang Aileen Chuang Hong Kong stocks fell on Wednesday after tech-driven gains lost steam, as investors awaited Nvidia’s earnings for clues on the durability of the rally and the outlook for the industry amid the US–China tech war. The Hang Seng Index closed 1.3 per cent lower at 25,201.76. The Hang Seng Tech Index shed 1.5 per cent. On the mainland, the CSI 300 Index slid 1.5 per cent, while the Shanghai Composite Index retreated 1.8 per cent, the largest one-day drop since April 7. State-owned property manager... https://www.scmp.com/business/markets/article/3323267/hong-kong-stocks-rebound-chinas-ai-chip-optimism-nvidia-earnings-anticipation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3323267/hong-kong-stocks-rebound-chinas-ai-chip-optimism-nvidia-earnings-anticipation?utm_source=rss_feed Wed, 27 Aug 2025 02:31:06 +0000 Daniel Ren Daniel Ren Tesla China has priced its six-seat Model Y variant about 30 per cent higher than its basic edition and has started accepting orders from customers who prefer spacious, long-range electric vehicles (EVs) for family use. The US carmaker announced on Tuesday that the upgraded version of the Model Y would sport a price tag of 339,000 yuan (US$47,182), compared with 263,500 yuan for the entry-level edition currently. The three-row SUV with a driving range of 751km is 25,500 yuan, or 8 per cent, more... https://www.scmp.com/business/china-business/article/3322308/tesla-launches-revamped-model-y-china-bid-regain-market-share-nio-li-auto?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322308/tesla-launches-revamped-model-y-china-bid-regain-market-share-nio-li-auto?utm_source=rss_feed Tue, 19 Aug 2025 04:00:19 +0000 Bloomberg Bloomberg Zhejiang Leapmotor Technology, once a fringe player in China’s electric vehicle (EV) industry, is beating all its start-up rivals by sales and stock gains this year and analysts say there is more to come. The carmaker’s Hong Kong-listed shares have doubled since January – outpacing better-known peers XPeng and Xiaomi – and have surged more than 200 per cent from a low in August last year. The company has increased its 2025 sales target to 500,000 units, up from around 290,000 a year earlier, and... https://www.scmp.com/business/markets/article/3322168/leapmotors-stock-and-sales-soar-become-new-challenger-chinas-booming-ev-market?utm_source=rss_feed https://www.scmp.com/business/markets/article/3322168/leapmotors-stock-and-sales-soar-become-new-challenger-chinas-booming-ev-market?utm_source=rss_feed Mon, 18 Aug 2025 02:09:09 +0000 Mark Greeven Mark Greeven When policymakers start using internet slang to describe the economy, it is a sign something is not right. The word neijuan was once used by Chinese students to depict burnout from seemingly pointless competition. Now it is showing up in policy language, to explain the growing economic strain caused by China’s price war. Too much supply and weak demand are pushing prices down. The deflationary pressure is building not just on company profits, but on the growth model that China has relied on for... https://www.scmp.com/opinion/china-opinion/article/3321819/china-needs-show-it-can-compete-more-price?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3321819/china-needs-show-it-can-compete-more-price?utm_source=rss_feed Fri, 15 Aug 2025 01:30:09 +0000 Yulu Ao Yulu Ao The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion in total, according to its 13F filing with the US Securities and Exchange Commission on Wednesday. This included e-commerce... https://www.scmp.com/business/china-business/article/3321860/bridgewater-dumps-all-china-stocks-hedge-fund-retreats-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3321860/bridgewater-dumps-all-china-stocks-hedge-fund-retreats-market?utm_source=rss_feed Thu, 14 Aug 2025 08:44:22 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. How China’s ‘big winner’ BYD conquered Sri Lanka’s car market Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China’s BYD to a commanding position in Sri Lanka’s electric vehicle (EV) and hybrid market, disrupting a sector long constrained by... https://www.scmp.com/business/china-evs/article/3320894/byds-commanding-lead-sri-lanka-teslas-comeback-bid-china-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3320894/byds-commanding-lead-sri-lanka-teslas-comeback-bid-china-7-ev-reads?utm_source=rss_feed Wed, 06 Aug 2025 07:00:11 +0000 Daniel Ren Daniel Ren Deliveries by Tesla’s Shanghai Gigafactory dropped in July as the US maker of electric vehicles (EVs) failed to sustain sales growth amid rising competition from domestic rivals. The factory handed 67,886 Model 3 and Model Y vehicles to customers in mainland China and abroad in July, down 8.4 per cent from a year earlier, according to data from the China Passenger Car Association (CPCA). Deliveries fell 5.2 per cent from June. “Premium models are increasingly losing their lustre among Chinese... https://www.scmp.com/business/china-evs/article/3320790/tesla-ev-shipments-slip-china-factory-drivers-choose-cheaper-local-options?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3320790/tesla-ev-shipments-slip-china-factory-drivers-choose-cheaper-local-options?utm_source=rss_feed Tue, 05 Aug 2025 07:18:04 +0000 Daniel Ren Daniel Ren Electric vehicle (EV) makers from Tesla to Nio are shifting their focus from price cuts to developing spacious family friendly, long-range vehicles for the mainland Chinese market. The premium SUV segment has emerged as the new battlefront, as carmakers heed Beijing’s call to end a brutal price war and chase affluent consumers to improve their bottom line. Tesla, which plans to launch a six-seat Model Y on the mainland this autumn, has been overtaken by two major local rivals – Li Auto and Nio –... https://www.scmp.com/business/china-business/article/3320322/china-ev-war-tesla-nio-and-li-auto-target-mainland-families-premium-suvs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320322/china-ev-war-tesla-nio-and-li-auto-target-mainland-families-premium-suvs?utm_source=rss_feed Thu, 31 Jul 2025 23:30:08 +0000 He Huifeng He Huifeng China’s robotics industry chalked up another world first on Thursday, as a company based in Shenzhen announced it had developed a new humanoid robot that can change its own batteries. A demonstration video released on Thursday shows the Walker S2 robot, developed by UBTech Robotics, walking over to a charging station, removing a depleted battery from its chest, inserting it into a charging dock, and then installing a fresh battery before wandering off. The feature means the robot can – in... https://www.scmp.com/economy/china-economy/article/3318756/china-unveils-worlds-first-humanoid-robot-changes-its-own-batteries?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3318756/china-unveils-worlds-first-humanoid-robot-changes-its-own-batteries?utm_source=rss_feed Fri, 18 Jul 2025 09:45:13 +0000 Zhang Shidong Zhang Shidong Chinese artificial intelligence (AI) stocks are expected to defy a slowdown across industries, as the mainland relies on the technology to boost business efficiency and revive economic growth, according to investors and analysts. Companies including Meituan and Xiaomi were set to benefit from a wave of AI integration that would transform business models, according to Morgan Stanley, as investors look for new winners after DeepSeek’s breakthrough in generative AI technology. China Asset... https://www.scmp.com/business/china-business/article/3317550/chinese-ai-stocks-extend-deepseek-driven-run-beijing-counts-growth-boost?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3317550/chinese-ai-stocks-extend-deepseek-driven-run-beijing-counts-growth-boost?utm_source=rss_feed Wed, 09 Jul 2025 23:30:07 +0000 Daniel Ren Daniel Ren Zeekr, a premium electric vehicle (EV) unit of Geely Auto, has jumped on the hybrid technology bandwagon to widen its customer base amid rising competition in the world’s largest automotive market. The Hangzhou-based company has become the latest mainland Chinese EV assembler to launch plug-in hybrids, leaving Shanghai-headquartered Nio as the only domestic company making pure EVs. US carmaker Tesla, which produces cars on the mainland, is another maker of pure EVs. “Nearly all Chinese carmakers... https://www.scmp.com/business/china-business/article/3317577/chinese-ev-maker-zeekr-plugs-hybrids-tap-soaring-sales-expand-model-range?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3317577/chinese-ev-maker-zeekr-plugs-hybrids-tap-soaring-sales-expand-model-range?utm_source=rss_feed Wed, 09 Jul 2025 11:51:57 +0000