https://www.scmp.com/rss/517924/feed The latest news, analysis and opinion on SAIC Motor. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren Profit trajectories between automotive assemblers and electric vehicle (EV) battery producers in China are set to diverge further due to lacklustre car sales and buoyant demand for energy-storage systems. Leading players, including China’s EV battery king Contemporary Amperex Technology Ltd (CATL), would continue to attract buying interest in their shares, spurred by improved profitability, according to analysts. They added that flat vehicle prices, coupled with a dip in new car sales, had... https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed Thu, 07 May 2026 01:00:08 +0000 Coco Feng Coco Feng Companies listed in mainland China have reached a historic milestone in their global operations. Total overseas revenues hit a record, with electronic and automobile giants such as Foxconn Technology Group and BYD among the top performers. Total overseas revenues of A-share companies approached 12.4 trillion yuan (US$1.8 trillion) last year, accounting for nearly 17 per cent of their total income – both figures representing all-time highs, according to data from state-backed newspaper Securities... https://www.scmp.com/tech/big-tech/article/3352632/foxconn-byd-among-top-exporters-chinese-listed-firms-hit-overseas-revenue-milestone?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3352632/foxconn-byd-among-top-exporters-chinese-listed-firms-hit-overseas-revenue-milestone?utm_source=rss_feed Wed, 06 May 2026 10:05:14 +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. Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot Tesla has regained the global pure electric vehicle (EV) crown for the first time since the fourth quarter of 2024, after its deliveries rose 6.5 per cent year on year in the three months ending March. 2.... https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed Wed, 15 Apr 2026 07:30:08 +0000 Themis Qi Themis Qi While China’s electric vehicle (EV) makers are struggling amid fierce competition, battery giant Contemporary Amperex Technology Ltd (CATL) is consolidating its dominance, building its profits while erecting technological barriers to increase its pricing power. Amid the oil crisis, CATL’s market capitalisation hit an all-time high of HK$2.7 trillion (US$345 billion) on Monday, after its shares rewrote records multiple times in both Shenzhen and Hong Kong, touching 433.33 yuan and HK$701,... https://www.scmp.com/business/china-evs/article/3349723/how-chinas-ev-battery-king-catl-powers-profits-while-ev-makers-struggle?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3349723/how-chinas-ev-battery-king-catl-powers-profits-while-ev-makers-struggle?utm_source=rss_feed Sun, 12 Apr 2026 23:00:13 +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 Themis Qi Themis Qi German automotive giant Volkswagen will launch three new electric vehicle (EV) models in mainland China over the next two weeks, developed using technology from Chinese firms. The move comes at a time when international marques are struggling on the mainland amid fierce competition in the world’s largest car market. As the largest foreign carmaker in China, Volkswagen previously said that it would integrate Germany’s high manufacturing standards with technology developed by Chinese firms. “We... https://www.scmp.com/business/china-evs/article/3349457/volkswagen-tests-chinas-appetite-locally-developed-evs?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3349457/volkswagen-tests-chinas-appetite-locally-developed-evs?utm_source=rss_feed Thu, 09 Apr 2026 03:57:03 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) batteries are set to become safer and more powerful, as carmakers including SAIC Motor and Chery Automobile outline road maps for the commercialisation of solid-state technology. Solid-state batteries – which use a solid electrolyte to conduct ions between electrodes – are widely seen as a superior alternative to conventional lithium-ion batteries that rely on liquid or gel-based materials. Analysts say the technology promises higher energy density, improved safety... https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed Wed, 08 Apr 2026 08:00:08 +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 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 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 Associated Press Associated Press Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50 per cent share, has invested €3 billion (US$3.5 billion) in a sprawling research and development centre – its largest outside its home country – in Hefei, a low-key central China city of 10 million people. It is a sea change from how foreign carmakers operated in China for... https://www.scmp.com/business/china-business/article/3336472/volkswagens-us35-billion-bet-can-it-regain-share-chinas-competitive-car-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336472/volkswagens-us35-billion-bet-can-it-regain-share-chinas-competitive-car-market?utm_source=rss_feed Mon, 15 Dec 2025 08:25:53 +0000 Finbarr Bermingham Finbarr Bermingham The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its countervailing duties with a managed price system in a move that would effectively equalise the impact of the tariffs. While the commission is not reopening its... https://www.scmp.com/news/article/3335220/eu-launches-1st-formal-review-chinese-ev-tariffs-after-vw-anhuis-submission?utm_source=rss_feed https://www.scmp.com/news/article/3335220/eu-launches-1st-formal-review-chinese-ev-tariffs-after-vw-anhuis-submission?utm_source=rss_feed Thu, 04 Dec 2025 10:30:24 +0000 Daniel Ren Daniel Ren Up to five Chinese vehicle assemblers, leveraging their technology and production advantages in building electric cars, are likely to make the list of the world’s top 10 carmakers by 2030, disrupting the pecking order in the global automotive industry, according to global consultancy McKinsey. “The industry will undergo some major changes by 2030,” Guan Mingyu, a senior partner of McKinsey, told reporters in a media briefing on Thursday. “Indeed, we have already seen some signs that tremendous... https://www.scmp.com/business/china-business/article/3334406/chinese-ev-makers-tipped-storm-worlds-top-10-carmakers-2030-mckinsey-forecasts?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334406/chinese-ev-makers-tipped-storm-worlds-top-10-carmakers-2030-mckinsey-forecasts?utm_source=rss_feed Fri, 28 Nov 2025 00:30:09 +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 Josh Ball Josh Ball Hong Kong could host a clash between Australian rugby league giants South Sydney Rabbitohs and English side St Helens in 2027, if officials from both clubs have their way. St Helens chairman Eamonn McManus, who played rugby union for Hong Kong, has thrown his considerable influence behind the idea, which would form part of a groundbreaking global round of matches being considered by the NRL in Australia. And McManus has reportedly been backed by Blake Solly, CEO of the Rabbitohs, who are... https://www.scmp.com/sport/rugby/article/3330962/nrl-side-south-sydney-rabbitohs-super-league-club-st-helens-eye-hong-kong-2027-clash?utm_source=rss_feed https://www.scmp.com/sport/rugby/article/3330962/nrl-side-south-sydney-rabbitohs-super-league-club-st-helens-eye-hong-kong-2027-clash?utm_source=rss_feed Thu, 30 Oct 2025 23:00:16 +0000 Akhmad Hanan Akhmad Hanan As global competition in autonomous driving intensifies, Europe has emerged as the latest frontier for China’s rapidly advancing self-driving technology. Start-ups such as Pony.ai, WeRide, AutoX, DeepRoute.ai, Momenta and Baidu’s Apollo Go are expanding their trials and partnerships across European cities, transforming Europe into the next stage of technological rivalry. What began as a domestic race to outpace US giants such as Waymo and Cruise has evolved into a transcontinental contest for... https://www.scmp.com/opinion/world-opinion/article/3329619/how-chinas-self-driving-cars-are-shaping-europes-tech-sovereignty?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3329619/how-chinas-self-driving-cars-are-shaping-europes-tech-sovereignty?utm_source=rss_feed Mon, 20 Oct 2025 12:30:10 +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 China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are taking steps to adopt home-grown technologies like autonomous driving software and digital cockpit systems to grow... https://www.scmp.com/business/china-business/article/3326732/chinas-state-owned-car-giants-embrace-home-grown-tech-dominate-ev-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326732/chinas-state-owned-car-giants-embrace-home-grown-tech-dominate-ev-market?utm_source=rss_feed Thu, 25 Sep 2025 23:30:09 +0000 Aileen Chuang Aileen Chuang Alibaba Group Holding plans to spin off its Banma Network Technology unit through an initial public offering (IPO), as one of China’s largest technology behemoths moves ahead with a separate listing for its autonomous driving unit to raise capital. Alibaba has received an initial go-ahead from the Hong Kong stock exchange for the proposed spin-off, the company said in a statement on Thursday. The stake held by the Hangzhou-based conglomerate in Banma will drop to 30 per cent from the current... https://www.scmp.com/business/banking-finance/article/3322596/alibaba-spin-its-banma-autonomous-driving-business-ipo-hong-kong-exchange?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3322596/alibaba-spin-its-banma-autonomous-driving-business-ipo-hong-kong-exchange?utm_source=rss_feed Thu, 21 Aug 2025 04:00:12 +0000 Biman Mukherji Biman Mukherji Tesla opened its first showroom in India last month with little of its usual pomp, but the entry of Elon Musk’s electric vehicle company still made a splash – and is further driving expectations for the South Asian nation’s EV market. Indians have been quietly buying EVs. While still a niche segment in the world’s third-largest car market, EVs are belatedly gaining ground, with a fierce battle emerging between new players and the once dominant Tata Motors. JSW MG Motor India – a joint venture... https://www.scmp.com/week-asia/economics/article/3321785/indias-ev-market-shifts-high-gear-tesla-debut-taking-tata-jsw-mg?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3321785/indias-ev-market-shifts-high-gear-tesla-debut-taking-tata-jsw-mg?utm_source=rss_feed Thu, 14 Aug 2025 03:00:14 +0000 Daniel Ren Daniel Ren Chinese autonomous driving technology firm Pony.ai is gearing up to mass produce driverless cabs to make its robotaxis widely available and more affordable, as technological advancement helps shorten its path to commercialisation. The Guangzhou-based company – the only firm with approval to operate robotaxi services on the mainland's four most developed cities – is banking on an accelerated pace of commercialisation at home and abroad to achieve cost efficiency, according to Lou Tiancheng,... https://www.scmp.com/business/china-evs/article/3319871/robotaxis-ponyai-sets-mass-production-target-eye-overseas-expansion?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3319871/robotaxis-ponyai-sets-mass-production-target-eye-overseas-expansion?utm_source=rss_feed Mon, 28 Jul 2025 23:30:15 +0000 Yujie Xue Yujie Xue BYD scored the most new electric vehicle (EV) registrations in Hong Kong in the first half of 2025, beating Tesla and BMW, as mainland Chinese carmakers increased their focus on the city to serve as a launch pad for their global ambitions. The Shenzhen-based carmaker accounted for 27 per cent, or 4,902, of the 18,356 private EVs that were registered in the first half, data from the city’s Transport Department showed this week. BYD’s bestseller with 3,676 units was the Sealion 07, a pure... https://www.scmp.com/business/china-evs/article/3319131/byd-outsells-tesla-hong-kong-ev-market-mainland-firms-eye-global-expansion?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3319131/byd-outsells-tesla-hong-kong-ev-market-mainland-firms-eye-global-expansion?utm_source=rss_feed Tue, 22 Jul 2025 09:00:18 +0000 Holly Chik Holly Chik Last year, 13 million new electric vehicles rolled out onto China’s roads as the country continued a rapid transition to new energy. But as eco-friendly rides begin to dominate transport, the new technology appears to be hauling old baggage – motion sickness. After investigating growing numbers of reports of EV passengers feeling dizzy, nauseated or breaking into cold sweats, researchers in Japan may have come up with a low-tech solution for the hi-tech problem: a simple sound that can be... https://www.scmp.com/news/china/science/article/3316061/ditch-dizziness-why-evs-make-people-sick-and-tone-solution-trick?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3316061/ditch-dizziness-why-evs-make-people-sick-and-tone-solution-trick?utm_source=rss_feed Mon, 30 Jun 2025 02:00:13 +0000 Khushboo Razdan Khushboo Razdan General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on imports from the country, according to a research report published this week. Other high-profile firms, including Elon Musk’s electric vehicle company Tesla, rival carmaker Ford, engine manufacturer Cummins, aerospace and tech firm Honeywell, beverage giant Coca-Cola, and... https://www.scmp.com/news/china/article/3315994/carmakers-gm-tesla-and-ford-lead-list-us-companies-china-exposure-report?utm_source=rss_feed https://www.scmp.com/news/china/article/3315994/carmakers-gm-tesla-and-ford-lead-list-us-companies-china-exposure-report?utm_source=rss_feed Thu, 26 Jun 2025 16:33:47 +0000 Daniel Ren Daniel Ren BYD, the world’s largest electric vehicle (EV) maker, has taken delivery of two new car-carrying ships – the largest yet in a growing fleet – as it bets on export growth to counter brutal competition at home. The Shenzhen-based company took delivery of its sixth carrier, the BYD Changsha, which can transport 9,200 vehicles, on Tuesday, just three days after it received the Xi’an, another vessel with the same capacity. The company’s six roll on/roll off vessels had a combined capacity of 48,600... https://www.scmp.com/business/china-business/article/3315626/chinas-byd-expands-car-carrier-fleet-bolster-ev-exports-amid-furious-domestic-competition?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3315626/chinas-byd-expands-car-carrier-fleet-bolster-ev-exports-amid-furious-domestic-competition?utm_source=rss_feed Tue, 24 Jun 2025 08:30:08 +0000 Yujie Xue Yujie Xue Chinese automotive chip firm SemiDrive will start supplying its cockpit system-on-a-chip (SoC) to an undisclosed European carmaker late next year, marking its first collaboration on the continent to push for global sales, a senior executive said. The chips would be used in several of the carmaker’s models including sedans and SUVs produced and sold in the Europe, Middle East and Africa region, general manager Eugene Wang said. The vehicles were expected to feature its X9 SoC, which integrates... https://www.scmp.com/business/china-business/article/3314544/semidrive-supply-ev-cockpit-chips-european-carmaker-chinese-firms-go-global?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314544/semidrive-supply-ev-cockpit-chips-european-carmaker-chinese-firms-go-global?utm_source=rss_feed Mon, 16 Jun 2025 23:30:08 +0000 Daniel Ren,Hannah Wang,Cao Li Daniel Ren,Hannah Wang,Cao Li Chinese electric vehicle (EV) maker Xpeng aims to start offering Hong Kong consumers smart cars featuring semi-autonomous driving systems next year as it gears up to take on Tesla’s FSD (Full Self-Driving) feature outside mainland China. He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added... https://www.scmp.com/business/china-business/article/3314192/chinese-ev-maker-xpeng-peers-look-win-over-hongkongers-power-global-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314192/chinese-ev-maker-xpeng-peers-look-win-over-hongkongers-power-global-push?utm_source=rss_feed Thu, 12 Jun 2025 12:37:29 +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 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 Jevans Nyabiage Jevans Nyabiage China is redirecting its electric vehicle (EV) strategy in the face of mounting tariffs from the US and EU, gradually pivoting from these established export markets towards emerging ones such as Africa. The Chinese ambassador to Nigeria, Yu Dunhai, revealed plans earlier this month for EV and battery plants in the West African country. This is expected to boost local industrialisation as well as help Nigeria to capitalise on its rich deposits of lithium, a critical material for EV batteries and... https://www.scmp.com/news/china/diplomacy/article/3311843/china-eyes-africa-it-shifts-ev-gears-face-us-eu-tariffs?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3311843/china-eyes-africa-it-shifts-ev-gears-face-us-eu-tariffs?utm_source=rss_feed Tue, 27 May 2025 03:00:07 +0000 Carol Yang Carol Yang Two new car-carrying ships made in China, including one that can hold a record number of vehicles, embarked on their maiden voyages on Thursday, underscoring the scale of the country’s vehicle export ambitions. With a maximum capacity of 9,500 vehicles, Anji Ansheng is the world’s largest car carrier, according to owner SAIC Anji Logistics, the logistics subsidiary of state-owned carmaker SAIC Motor. The previous capacity record – 9,200 cars – was held by BYD Shenzhen, which set sail for the... https://www.scmp.com/economy/china-economy/article/3310591/another-chinese-car-carrier-sets-record-putting-spotlight-vehicle-export-ambitions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3310591/another-chinese-car-carrier-sets-record-putting-spotlight-vehicle-export-ambitions?utm_source=rss_feed Fri, 16 May 2025 06:00:21 +0000 Mia Nulimaimaiti Mia Nulimaimaiti After years of driving cars from European marques, one self-employed Londoner opted for a change in December and bought an electric vehicle (EV) made by Chinese carmaker MG. “I was originally looking at a Tesla, but the price was just a bit too much for me,” he said. “With everything being so expensive these days, I thought ‘why not go for something more affordable?’” He joined a growing number of Britons embracing Chinese car brands. While Chinese electric vehicles have faced mounting headwinds... https://www.scmp.com/economy/china-economy/article/3309729/while-electric-vehicle-exports-uk-are-down-plug-hybrids-are-bucking-trend?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3309729/while-electric-vehicle-exports-uk-are-down-plug-hybrids-are-bucking-trend?utm_source=rss_feed Sun, 11 May 2025 09:00:09 +0000 Finbarr Bermingham Finbarr Bermingham The European Union has imposed duties on Chinese-made electric vehicles after talks with Beijing failed to reach a deal that would have halted their passage. In a final ruling published on Tuesday, the European Commission confirmed that a top rate of 35.3 per cent would be applied to EVs from the state-owned company SAIC Motor and its subsidiaries, on top of a baseline 10 per cent duty that applies to all EV imports. The ruling could be written into EU law as soon as Tuesday evening, ahead of... https://www.scmp.com/news/china/diplomacy/article/3284374/eu-go-ahead-tariffs-chinese-evs-after-failure-talks?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3284374/eu-go-ahead-tariffs-chinese-evs-after-failure-talks?utm_source=rss_feed Tue, 29 Oct 2024 15:01:15 +0000 Tesla is the big winner from a European Commission’s move to lower proposed tariff rates on Chinese-made electric vehicles. On Tuesday, the European Union’s secretariat announced a revision to its provisional duties, with a top-end rate of 36.3 per cent for companies that include state-owned SAIC. This was lowered from the initial proposal of 37.4 per cent following consultations with car makers. Tesla will pay the lowest rate of 9 per cent after Elon Musk’s company asked for a separate... https://www.scmp.com/news/china/diplomacy/article/3275210/tesla-reaps-benefits-eu-cuts-planned-tariffs-chinese-made-electric-vehicles?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3275210/tesla-reaps-benefits-eu-cuts-planned-tariffs-chinese-made-electric-vehicles?utm_source=rss_feed Tue, 20 Aug 2024 10:05:20 +0000 Shanghai on Friday released a white list to expedite cross-border data transfers for companies that operate in its pilot free-trade zone, including electric vehicle maker Tesla, providing a much-needed boost for the country’s efforts to retain and reel in more international business. The first batch of this “general data” list, which covers 64 categories, will enable enterprises involved in intelligent connected vehicles, publicly offered funds and biopharmaceuticals to make data transfers... https://www.scmp.com/tech/policy/article/3263143/shanghai-releases-white-list-expedite-overseas-data-transfers-tesla-other-firms-citys-free-trade?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3263143/shanghai-releases-white-list-expedite-overseas-data-transfers-tesla-other-firms-citys-free-trade?utm_source=rss_feed Fri, 17 May 2024 13:06:54 +0000 BYD and other Chinese carmakers are bringing new electric car models in droves to Australia, a market where they haven’t faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high petrol prices. Since coming to power in 2022, Prime Minister Anthony Albanese’s government has aggressively promoted EV adoption as part of the country’s plans to cut down on emissions – a change that came after a decade of weak climate action under conservative leaders. That’s... https://www.scmp.com/news/asia/australasia/article/3254340/no-spy-concerns-and-tariffs-byd-and-other-chinese-evs-race-ahead-australia?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3254340/no-spy-concerns-and-tariffs-byd-and-other-chinese-evs-race-ahead-australia?utm_source=rss_feed Wed, 06 Mar 2024 05:10:14 +0000 Early this month, thousands of expectant owners of luxury Porsche, Bentley and Audi models in North America were told delivery would be delayed to March if not later. Their vehicles are being held up at US ports because of problems with customs clearance. The reason? A tiny chip that costs no more than a few US dollars. The message from parent Volkswagen (VW) said it was “a small electronic component that is a part of a larger control unit, which will be replaced”. About “1,000 Porsche sports... https://www.scmp.com/comment/opinion/article/3253362/what-does-tiny-chip-thousands-porsche-bentley-and-audi-models-say-about-xinjiang-sanctions?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3253362/what-does-tiny-chip-thousands-porsche-bentley-and-audi-models-say-about-xinjiang-sanctions?utm_source=rss_feed Tue, 27 Feb 2024 13:00:10 +0000 Guoguangshunneng (Shanghai) Energy Technology (GGSN), a mobile electric vehicle charging start-up partly owned by New World Group, is in talks to set up research, product development and marketing facilities in Hong Kong. The two-year-old Shanghai-based firm, which is seeking to commercialise its autonomous EV charging robots, is in discussion with Hong Kong Science and Technology Parks Corporation, said Kevin Deng Xiaoguang. It is also seeking to broaden its shareholder base to help fund... https://www.scmp.com/business/companies/article/3252664/electric-vehicles-chinese-robot-chargers-start-ggsn-eyes-investors-international-expansion-new-hong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3252664/electric-vehicles-chinese-robot-chargers-start-ggsn-eyes-investors-international-expansion-new-hong?utm_source=rss_feed Wed, 21 Feb 2024 06:08:13 +0000 Three carmakers, including a General Motor’s (GM) venture, have priced their electric vehicles (EVs) below the 100,000 yuan (US$13,894) threshold in China, firing the first salvo in a price war that could reshape the country’s automotive sector. SAIC-GM-Wuling – GM’s three-way venture with Chinese partners SAIC Motor and Wuling Motors – Changan Automobile, and Hozon New Energy Automobile, have this week cut prices of their budget models to below the psychologically important 100,000 yuan level,... https://www.scmp.com/business/china-business/article/3252604/chinas-ev-price-war-hot-carmakers-respond-byds-discounts-and-apply-more-pressure-petrol-vehicle?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3252604/chinas-ev-price-war-hot-carmakers-respond-byds-discounts-and-apply-more-pressure-petrol-vehicle?utm_source=rss_feed Tue, 20 Feb 2024 13:00:20 +0000 On the streets of South Africa’s major cities, Chinese car brands are becoming an increasingly common sight in a market that has for years been dominated by Japanese and European-made cars. Generally, when it comes to total car registrations or sales figures, Japanese brands such as Toyota, Suzuki and Nissan dominate in South Africa. European brands, like Germany’s Volkswagen, as well as the South African subsidiary of US carmaker Ford, also have a large share of the market. But it is in the... https://www.scmp.com/news/china/diplomacy/article/3245988/how-chinese-carmakers-are-overtaking-japanese-european-rivals-south-african-market?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3245988/how-chinese-carmakers-are-overtaking-japanese-european-rivals-south-african-market?utm_source=rss_feed Sun, 24 Dec 2023 08:00:17 +0000 Turkey is cracking down on Chinese electric vehicle imports, the latest country to do so after the European Union launched its own probe into the Asian country’s EV subsidies. Companies importing EVs to Turkey must have at least 140 authorised service stations spread evenly across the country and open a call centre for each brand, according to a Trade Ministry decree published last month. The onerous requirement is widely seen as targeting Chinese vehicles. Imports from the EU and countries that... https://www.scmp.com/news/world/europe/article/3244492/turkey-toughens-electric-vehicle-import-rules-slam-brakes-chinese-brands?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3244492/turkey-toughens-electric-vehicle-import-rules-slam-brakes-chinese-brands?utm_source=rss_feed Sat, 09 Dec 2023 07:30:09 +0000 China has christened and launched its largest ship for transporting cars around the world – a massive carrier expected to help Chinese automakers keep pace with a pedal-to-the-metal rise in the country’s new export machine: the auto sector. The Jiuyang Blossom, made in Croatia and purchased from a Norwegian company for US$63 million, departed from Shanghai on Monday. The so-called ro-ro ship, short for “roll-on/roll-off”, carries wheeled cargo that can easily be rolled on and off the... https://www.scmp.com/economy/china-economy/article/3244069/chinese-automakers-splurge-huge-carriers-meet-overseas-demand-ro-ro-rolling-their-cars-abroad?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3244069/chinese-automakers-splurge-huge-carriers-meet-overseas-demand-ro-ro-rolling-their-cars-abroad?utm_source=rss_feed Wed, 06 Dec 2023 09:31:29 +0000 China’s electric vehicle exports to the European Union hit record levels last month as a Brussels probe into suspected Chinese subsidies in the sector continues. Exports topped US$2 billion for the first time in October, according to calculations based on detailed data released by the Chinese customs authorities on Monday. They were up 32.25 per cent from the same month last year, and almost double the value of shipments in September this year. Brussels officials are proceeding with an... https://www.scmp.com/news/china/diplomacy/article/3242225/chinas-electric-vehicle-imports-eu-hit-record-level-amid-brussels-subsidy-probe?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3242225/chinas-electric-vehicle-imports-eu-hit-record-level-amid-brussels-subsidy-probe?utm_source=rss_feed Mon, 20 Nov 2023 13:53:15 +0000 Tesla ships more electric vehicles from China to Europe than any other company – but the carmaker is not one of a small pool of firms being investigated by the EU over potential market-distorting subsidies, the Post has learned. Brussels is instead focused on three Chinese-owned manufacturers, seeking to level the playing field for European EV makers. But this does not mean Tesla is off the hook. Should the EU investigation turn up evidence of subsidies, the bloc would calculate an average... https://www.scmp.com/news/china/article/3239348/tesla-not-part-eu-investigation-chinese-carmaker-subsidies-could-still-face-duties?utm_source=rss_feed https://www.scmp.com/news/china/article/3239348/tesla-not-part-eu-investigation-chinese-carmaker-subsidies-could-still-face-duties?utm_source=rss_feed Thu, 26 Oct 2023 20:25:58 +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 China’s largest traditional carmakers are falling behind their global peers on supply chain decarbonisation and material use efficiency, dampening the positive climate-change impact of the country’s fast roll-out of electric vehicles (EVs), according to a new report. Environmental group Greenpeace East Asia released on Thursday its latest ranking of the environmental performance of the world’s 15 largest traditional carmakers, based on their phase-out of fossil fuel vehicles in favour of EVs,... https://www.scmp.com/business/article/3238502/climate-change-chinese-carmakers-lead-ev-transition-lag-peers-supply-chain-decarbonisation?utm_source=rss_feed https://www.scmp.com/business/article/3238502/climate-change-chinese-carmakers-lead-ev-transition-lag-peers-supply-chain-decarbonisation?utm_source=rss_feed Fri, 20 Oct 2023 01:00:14 +0000 Car distributor Inchcape Group is tying up with an increasing number of electric-vehicle makers, setting itself a target of generating 50 per cent of its sales in Hong Kong from EVs and hybrids by 2026. It is part of the London-based company’s overall ambition of capturing 25 per cent of Hong Kong’s passenger car market by the end of the decade, according to CEO Duncan Tait. “We are making sure that we are fit for the future in this market in an EV world,” said Tait. “So we’re launching new EV... https://www.scmp.com/business/companies/article/3237550/car-dealer-inchcape-aims-reach-100-sales-evs-2033-2-years-hong-kongs-full-electric-deadline?utm_source=rss_feed https://www.scmp.com/business/companies/article/3237550/car-dealer-inchcape-aims-reach-100-sales-evs-2033-2-years-hong-kongs-full-electric-deadline?utm_source=rss_feed Sun, 15 Oct 2023 02:30:16 +0000 American EV start-up Fisker plans to open a retail outlet in Shanghai, its first in mainland China, as early as December, joining a fray of foreign and domestic carmakers vying to take on Tesla in the world’s largest electric car market. The company, founded by Danish car designer Henrik Fisker, said in a statement on Thursday that the “Fisker Lounge” showroom will be located on downtown Taicang Road, and the all-electric Ocean sport-utility vehicle (SUV) – a potential rival to Tesla’s... https://www.scmp.com/business/china-business/article/3237917/ev-wars-us-start-fisker-hopes-crack-chinese-market-ocean-suv-potential-rival-teslas-model-y?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3237917/ev-wars-us-start-fisker-hopes-crack-chinese-market-ocean-suv-potential-rival-teslas-model-y?utm_source=rss_feed Fri, 13 Oct 2023 22:00:13 +0000 The European Union’s call to investigate Beijing’s use of state subsidies in the production of Chinese electric vehicles, along with the possibility of tariffs on EV exports to Europe, comes as Chinese carmakers diversify their manufacturing of EVs into Southeast Asia. Chief among Chinese EV makers’ prospective hubs is Thailand. The country has by far the largest automobile sector within the Association of Southeast Asian Nations, and is luring Chinese EV carmakers under an ambitious government... https://www.scmp.com/comment/opinion/article/3236563/thailand-chinas-ev-makers-have-found-refuge-eu-subsidy-probe?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3236563/thailand-chinas-ev-makers-have-found-refuge-eu-subsidy-probe?utm_source=rss_feed Tue, 03 Oct 2023 07:30:08 +0000 China has slammed the European Union’s decision to investigate subsidies in its booming electric vehicle market as “sheer protectionism”. European Commission President Ursula von der Leyen announced an investigation would be launched on Wednesday, saying that “global markets are now flooded with cheaper Chinese electric cars and their prices kept artificially low by huge state subsidies”. Beijing’s top official for European affairs Wang Lutong bit back hours later, posting on X, formerly known... https://www.scmp.com/news/china/article/3234453/sheer-protectionism-china-condemns-eu-probe-electric-vehicle-subsidies?utm_source=rss_feed https://www.scmp.com/news/china/article/3234453/sheer-protectionism-china-condemns-eu-probe-electric-vehicle-subsidies?utm_source=rss_feed Wed, 13 Sep 2023 15:12:18 +0000