https://www.scmp.com/rss/519590/feed Climate change is a major global challenge that will have a profound impact on the planet. To mitigate the worsening effects of global warming requires a speedy transition to renewable energy sources to cut greenhouse gas emissions. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren 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. The modest increase was enough for the US carmaker to beat China’s EV king BYD, which posted a 25.5 per cent drop in sales during the first quarter of 2026. Tesla’s deliveries worldwide between January and March hit 358,023 units, it said in a statement on Thursday. Tesla builds only pure electric... https://www.scmp.com/business/china-business/article/3348898/tesla-outraces-chinas-byd-pure-electric-car-sales-regain-worlds-top-spot?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348898/tesla-outraces-chinas-byd-pure-electric-car-sales-regain-worlds-top-spot?utm_source=rss_feed Fri, 03 Apr 2026 06:00:12 +0000 Kandy Wong Kandy Wong China’s exports of jet fuel have declined sharply in recent weeks amid the US-Israel war on Iran, leaving countries including Australia and Japan facing a supply crunch and scrambling to find alternative sellers. China is Asia-Pacific’s largest jet fuel and kerosene exporter, but shipments from the country fell nearly 40 per cent month on month in March to 204,000 barrels per day, figures from trade data provider Kpler showed. The cutback is likely to hit hardest in Australia and Japan, which... https://www.scmp.com/economy/china-economy/article/3348642/australia-and-japan-face-jet-fuel-supply-crunch-china-cuts-exports?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348642/australia-and-japan-face-jet-fuel-supply-crunch-china-cuts-exports?utm_source=rss_feed Wed, 01 Apr 2026 07:22:29 +0000 Daniel Ren Daniel Ren China’s Ganfeng Lithium, the world’s largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure. Executives including president Wang Xiaoshen told an investors’ conference on Tuesday that the global decarbonisation drive had created a strong and sustainable trajectory for Ganfeng, which swung from loss to profit last... https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed Wed, 01 Apr 2026 07:00:21 +0000 Themis Qi Themis Qi The energy shock stemming from the Middle Eastern conflict may help Chinese electric-vehicle (EV) makers exceed their overseas expansion goals this year, according to analysts. “High oil prices – and even gasoline shortages in some countries – will accelerate the pace of China’s EV exports,” said Yale Zhang, managing director at the consultancy Automotive Foresight in Shanghai. “This oil crisis presents a historic opportunity for China’s EV industry, just as the oil crisis of the 1970s paved the... https://www.scmp.com/business/china-evs/article/3348561/middle-east-oil-shock-jolts-ev-demand-putting-chinese-exports-fast-lane?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348561/middle-east-oil-shock-jolts-ev-demand-putting-chinese-exports-fast-lane?utm_source=rss_feed Tue, 31 Mar 2026 23:30:08 +0000 Daniel Ren Daniel Ren EnerVenue – a rechargeable battery start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit – has raised US$300 million in its latest round of financing and appointed a new CEO to accelerate the large-scale industrial deployment of its cutting-edge energy storage technology. The California-based company – which also counts government-backed Hong Kong Investment Corporation (HKIC) as an investor – said it would set up a regional headquarters in the city... https://www.scmp.com/business/banking-finance/article/3348514/enervenue-plugs-us300-million-scale-next-gen-batteries-it-eyes-hong-kong-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348514/enervenue-plugs-us300-million-scale-next-gen-batteries-it-eyes-hong-kong-hub?utm_source=rss_feed Tue, 31 Mar 2026 07:39:41 +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 Zhu Wenqian Zhu Wenqian A steady stream of cars pulled into an ordinary petrol station in Beijing’s Chaoyang District early on Monday afternoon, keeping the pumps far busier than on a normal weekday as drivers rushed to refuel ahead of the year’s biggest price hike at midnight. “I’m taking my lunch break to top up the tank quickly ahead of the price increase, as I fear long queues after work in the evening,” said Frank Jin, an office employee in Beijing. China will raise refined oil prices at midnight, marking the... https://www.scmp.com/business/china-business/article/3347610/drivers-china-rush-fill-petrol-tanks-ahead-biggest-price-hike-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347610/drivers-china-rush-fill-petrol-tanks-ahead-biggest-price-hike-year?utm_source=rss_feed Mon, 23 Mar 2026 11:22:06 +0000 Zhang Shidong Zhang Shidong Chinese stocks have emerged as outperformers in the latest oil shock, reversing their reputation as laggards, as crude takes a back seat to renewable fuels in the world’s second-largest economy. The CSI 300 Index of stocks trading on the mainland’s exchanges has dropped 3.1 per cent since the US and Israel began attacks on Iran on February 28, outperforming the S&P 500, the Euro Stoxx 50 and Japan’s Nikkei 225, which have all slid at least 4 per cent during the period. This marked a turnaround... https://www.scmp.com/business/china-business/article/3347296/chinese-stocks-shake-laggard-image-amid-oil-shock-green-transition-pays?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347296/chinese-stocks-shake-laggard-image-amid-oil-shock-green-transition-pays?utm_source=rss_feed Fri, 20 Mar 2026 08:15:30 +0000 Daniel Ren Daniel Ren GLP, a global operator and investor in logistics, digital infrastructure, renewable energy and finance, is deepening its commitment to China’s growth, projecting as much as a 50 per cent rise in logistics rental rates, supported by stronger domestic consumption and wider adoption of alternative energies. Angela Zhao, CEO of GLP China, said the country’s 15th five-year development plan for 2026 to 2030 would further cement the company’s role as a global thematic investor in “new economy”... https://www.scmp.com/business/china-business/article/3347106/singapore-headquartered-glp-eyes-50-rent-surge-china-demand-fuels-logistics-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347106/singapore-headquartered-glp-eyes-50-rent-surge-china-demand-fuels-logistics-growth?utm_source=rss_feed Thu, 19 Mar 2026 09:00:20 +0000 Nicholas Spiro Nicholas Spiro As the war in Iran rages and the consequences of the shock to commodity markets become clearer, the vulnerability of Asia’s economies tops the list of concerns in the research reports of investment banks. The region’s reliance on energy imports from the Gulf has come under scrutiny. The facts speak for themselves. Three-quarters of the oil supplies that passed through the Strait of Hormuz before Iran effectively closed the waterway were destined for China, India, Japan and South Korea. While... https://www.scmp.com/opinion/china-opinion/article/3347108/china-weathering-iran-war-oil-shock-better-others-asia?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3347108/china-weathering-iran-war-oil-shock-better-others-asia?utm_source=rss_feed Thu, 19 Mar 2026 08:30:08 +0000 Yulu Ao Yulu Ao The US-Israel war with Iran is rapidly reshaping global investment strategies, with fund managers slashing risk exposure and hoarding cash at the fastest pace since the Covid-19 pandemic, as rising geopolitical tensions and inflation fears replace artificial intelligence trade as the market’s top concerns, according to Bank of America (BofA). Investor sentiment fell to a six-month low in March, while average cash allocations jumped to 4.3 per cent from 3.4 per cent a month earlier – the biggest... https://www.scmp.com/business/china-business/article/3347009/iran-conflict-drives-fund-managers-slash-risk-and-hoard-cash-bofa-survey-shows?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347009/iran-conflict-drives-fund-managers-slash-risk-and-hoard-cash-bofa-survey-shows?utm_source=rss_feed Wed, 18 Mar 2026 08:35:36 +0000 Mandy Zuo,Mia Nurmamat Mandy Zuo,Mia Nurmamat A Shanghai-based start-up claims to have mastered a technique for producing synthetic petroleum at low cost from air and water, as China intensifies efforts to develop alternatives to traditional fossil fuels amid the US-Israel war against Iran. Carbonology announced it had created a process for converting carbon dioxide extracted from air and water into artificial fuel using solar and wind energy, Chinese media outlet Cailianshe reported on Tuesday. The company – co-founded by a former... https://www.scmp.com/economy/china-economy/article/3346892/unlimited-gas-chinese-firm-claims-it-can-produce-petroleum-air-and-water?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346892/unlimited-gas-chinese-firm-claims-it-can-produce-petroleum-air-and-water?utm_source=rss_feed Tue, 17 Mar 2026 10:00:16 +0000 Ji Siqi Ji Siqi Despite its heavy reliance on oil and gas imports, China’s “national strength” insulates its energy security from short-term geopolitical shocks, a prominent petroleum geologist said. Jin Zhijun, dean of the Institute of Energy at Peking University, said that China – as a large country – could ensure its energy security amid a volatile international energy trading landscape, with multiple contingency plans in place. They included tapping more domestic resources by increasing oil and gas... https://www.scmp.com/economy/china-economy/article/3346173/chinas-size-strength-insulates-its-energy-security-amid-geopolitical-shocks-lawmaker?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346173/chinas-size-strength-insulates-its-energy-security-amid-geopolitical-shocks-lawmaker?utm_source=rss_feed Wed, 11 Mar 2026 04:30:15 +0000 Themis Qi Themis Qi Contemporary Amperex Technology Ltd (CATL) reported a 42 per cent jump in net profit last year to 72.2 billion yuan (US$10.4 billion) on strong battery sales and an expansion into new energy storage scenarios. The Chinese battery giant’s sales volume of lithium-ion batteries – a key component for electric vehicles (EVs) – reached 661 gigawatt hours (GWh), up 39 per cent from the previous year, according to a filing released on the Shenzhen Stock Exchange on Monday night. China’s EV industry... https://www.scmp.com/business/climate-and-energy/article/3346013/chinas-catl-profit-surges-42-battery-sales-and-expansion-boost-global-lead?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3346013/chinas-catl-profit-surges-42-battery-sales-and-expansion-boost-global-lead?utm_source=rss_feed Mon, 09 Mar 2026 14:01:09 +0000 Yulu Ao Yulu Ao The founder and chairman of Contemporary Amperex Technology Ltd (CATL) said his company plans to ramp up the use of artificial intelligence in research and take Chinese battery technology and standards further overseas, as the battery giant maps the next phase of growth. The world’s largest maker of electric vehicle (EV) batteries would step up research and development (R&D) spending and apply more AI methods to strengthen its technological edge, said billionaire Robin Zeng Yuqun at a briefing... https://www.scmp.com/business/china-business/article/3345432/chinas-ev-battery-leader-catl-step-use-ai-rd-founder-and-chairman-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345432/chinas-ev-battery-leader-catl-step-use-ai-rd-founder-and-chairman-says?utm_source=rss_feed Wed, 04 Mar 2026 10:33:14 +0000 Zhang Tong,Dannie Peng Zhang Tong,Dannie Peng Running and cooling the data centres that power computer networks requires a lot of energy and water, and the world needs a lot more of them with the roll-out of artificial intelligence (AI). What if they could be powered and cooled more sustainably – installed deep underwater, placed high in the mountains, or fired into space where solar power is free and limitless? China has done all three, and it’s just getting started. Five years after Microsoft abandoned an experimental underwater data... https://www.scmp.com/plus/tech/tech-trends/article/3343446/sea-and-space-china-makes-ai-data-centres-more-sustainable?utm_source=rss_feed https://www.scmp.com/plus/tech/tech-trends/article/3343446/sea-and-space-china-makes-ai-data-centres-more-sustainable?utm_source=rss_feed Fri, 13 Feb 2026 07:25:07 +0000 Luca Mattei Luca Mattei Energy security is once again at the very heart of the global geopolitical arena. In an era defined by conflict, sanctions and increasingly precarious maritime routes, Beijing has internalised a fundamental truth: in an unstable world, resilience trumps ideology. Recent disruptions to global shipping corridors and tightening sanction regimes have reinforced this shift, pushing major economies to reassess their exposure to external supply shocks. While much of the West remains locked in a debate... https://www.scmp.com/opinion/china-opinion/article/3342723/chinas-pragmatic-energy-security-vision-fossil-fuels-remain-vital?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3342723/chinas-pragmatic-energy-security-vision-fossil-fuels-remain-vital?utm_source=rss_feed Mon, 09 Feb 2026 12:30:12 +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 Wency Chen Wency Chen Elon Musk’s SpaceX has been sounding out multiple Chinese solar suppliers in recent weeks, industry insiders and companies confirmed, as the world’s richest man advances his vision for space-based data centres powered by constant solar energy – drawing fresh attention to China’s solar supply chain. The discussions, which have not yet resulted in confirmed orders, triggered a rally in shares of several solar-related companies earlier this week, before sentiment cooled on Thursday. Analysts and... https://www.scmp.com/tech/article/3342557/space-computing-push-elon-musks-spacex-shines-beam-chinas-solar-supply-chain?utm_source=rss_feed https://www.scmp.com/tech/article/3342557/space-computing-push-elon-musks-spacex-shines-beam-chinas-solar-supply-chain?utm_source=rss_feed Thu, 05 Feb 2026 22:00:19 +0000 Mia Nurmamat Mia Nurmamat Clean energy technologies – led by solar power and electric vehicles – drove more than one-third of China’s economic growth last year and over 90 per cent of the rise in investment, according to a new study. China’s clean energy industries generated a record 15.4 trillion yuan (US$2.1 trillion) in economic output in 2025, equivalent to 11.4 per cent of the country’s gross domestic product, the Centre for Research on Energy and Clean Air (CREA) found. If they were a country, the Chinese... https://www.scmp.com/economy/china-economy/article/3342513/chinas-cleantech-sector-now-worth-us21-trillion-rivals-brazils-gdp-report?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342513/chinas-cleantech-sector-now-worth-us21-trillion-rivals-brazils-gdp-report?utm_source=rss_feed Thu, 05 Feb 2026 09:09:13 +0000 Daniel Ren Daniel Ren Electric vehicle deliveries in mainland China slumped by more than 40 per cent in January, darkening the outlook for a sector grappling with rising production costs and the gradual withdrawal of government support. The country’s roughly 50 electric carmakers sold about 900,000 vehicles last month, down 42.3 per cent from 1.56 million units in December, according to preliminary data released by the China Passenger Car Association (CPCA) on Wednesday. The figures, which include retail sales,... https://www.scmp.com/business/china-business/article/3342410/chinas-turbocharged-ev-market-hits-speed-bump-amid-falling-sales-and-rising-costs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342410/chinas-turbocharged-ev-market-hits-speed-bump-amid-falling-sales-and-rising-costs?utm_source=rss_feed Wed, 04 Feb 2026 13:47:41 +0000 Zhu Wenqian Zhu Wenqian Chinese companies are driving a fresh wave of investment in overseas properties, with new energy industrial facilities, cross-border e-commerce logistics centres, and smart city projects becoming investment hotspots, Knight Frank has said. Traditional residential development was on the wane, while industrial property, logistics real estate and commercial complexes were emerging as core investment priorities, according to a January report by the London-based property consultancy. It forecast that... https://www.scmp.com/business/article/3341527/chinese-firms-are-scoping-out-overseas-property-what-catching-their-eye?utm_source=rss_feed https://www.scmp.com/business/article/3341527/chinese-firms-are-scoping-out-overseas-property-what-catching-their-eye?utm_source=rss_feed Sun, 01 Feb 2026 08:00:10 +0000 Enoch Yiu Enoch Yiu New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors have listed in Hong Kong, enabling them to scale their research and global impact,” wrote Bonnie Chan Yiting, CEO of HKEX, in an... https://www.scmp.com/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed Tue, 20 Jan 2026 11:15:06 +0000 Roberto Bocca Roberto Bocca For much of the past decade, the energy transition debate has largely revolved around one question: can clean technologies work at scale? That is increasingly being answered. Solar panels, wind turbines, batteries and electric vehicles (EVs) have moved into the mainstream as key technologies become more cost-effective, efficient and faster to deploy. In many markets, these energy sources are no longer the future of energy; they are the present. The challenge is no longer simply proving that more... https://www.scmp.com/opinion/world-opinion/article/3340218/energy-transitions-next-big-challenge-systems-integration?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3340218/energy-transitions-next-big-challenge-systems-integration?utm_source=rss_feed Mon, 19 Jan 2026 08:30:10 +0000 Themis Qi,Zhang Shidong Themis Qi,Zhang Shidong Shares of Chinese electricity and grid equipment makers surged after State Grid unveiled a 4 trillion yuan (US$574 billion) plan to upgrade the country’s power networks, as surging demand and the global race in artificial intelligence drive investment in energy infrastructure. Transformer makers Sieyuan Electric and Shanghai Guangdian Electric triggered the trading halt mechanism after surging 10 per cent on Friday morning. At least 11 mainland-listed companies rose 10 per cent or more in the... https://www.scmp.com/business/china-business/article/3340098/chinese-power-stocks-surge-state-grids-record-us574-billion-investment-plan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340098/chinese-power-stocks-surge-state-grids-record-us574-billion-investment-plan?utm_source=rss_feed Fri, 16 Jan 2026 04:11:43 +0000 Themis Qi Themis Qi Overseas solar panel buyers are facing price increases as Chinese manufacturers look set to pass on higher costs to customers amid rising silver prices and the impending withdrawal of an export tax rebate. Trina Solar, one of the world’s top four solar module makers by shipment volume, hiked its average selling prices by 3.5-3.66 per cent, to around 0.85-0.89 yuan per watt, according to a Tuesday note by Citibank. The Shanghai-listed company ships modules – a key solar panel component – to over... https://www.scmp.com/business/china-business/article/3339693/chinese-solar-firms-eye-price-hikes-amid-silver-surge-scrapping-tax-rebate?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339693/chinese-solar-firms-eye-price-hikes-amid-silver-surge-scrapping-tax-rebate?utm_source=rss_feed Tue, 13 Jan 2026 23:30:10 +0000 Mia Nurmamat Mia Nurmamat China’s efforts to rein in cutthroat price wars in the solar industry have had the unintended result of creating risks of alleged price rigging, highlighting what analysts describe as an “uneasy balance” between the government’s anti-involution campaign and anti-monopoly policies. The photovoltaic industry has been among the hardest hit by vicious price wars – known as involution, or neijuan-style competition – that have affected several sectors in China in recent years, squeezing companies’... https://www.scmp.com/economy/china-economy/article/3339572/chinas-solar-firms-once-deemed-too-competitive-now-face-monopoly-accusations?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3339572/chinas-solar-firms-once-deemed-too-competitive-now-face-monopoly-accusations?utm_source=rss_feed Mon, 12 Jan 2026 08:00:10 +0000 Coco Feng Coco Feng Chinese electric vehicle (EV) giant Xpeng Motors has launched a new hybrid version of its G7 that it says offers the world’s longest range among SUVs, capable of covering the distance from Seattle to Los Angeles without charging. The updated G7 could travel 1,704km – longer than the distance between Beijing and Shanghai – with a 60-litre fuel tank and a 55.8kWh pack, the company said at a launch event in Guangzhou on Thursday. The model combines batteries with a small petrol engine that... https://www.scmp.com/tech/tech-trends/article/3339222/chinas-xpeng-unveils-hybrid-suv-version-boasting-worlds-longest-driving-distance?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3339222/chinas-xpeng-unveils-hybrid-suv-version-boasting-worlds-longest-driving-distance?utm_source=rss_feed Thu, 08 Jan 2026 23:00:13 +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 Coco Feng Coco Feng When hailing a car on Uber, riders usually choose between economy and premium options. But in certain areas in Abu Dhabi, capital of the United Arab Emirates, the first choice that flashes on the screen is “autonomous”. The availability of driverless cars underscores the urgency of the nation’s push to promote clean energy and reduce dependence on oil and gas. At the forefront of this effort are Chinese robotaxi developers, which see the Middle East as one of their starting points for global... https://www.scmp.com/news/china-future-tech/ai/article/3337979/how-chinese-robotaxi-giants-are-steering-middle-east-towards-driverless-future?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/ai/article/3337979/how-chinese-robotaxi-giants-are-steering-middle-east-towards-driverless-future?utm_source=rss_feed Thu, 01 Jan 2026 03:00:11 +0000 Enoch Yiu Enoch Yiu Hong Kong is expected to see a rise in bond issuance across multiple currencies in 2026, driven by rising demand for non-US dollar assets amid geopolitical tensions and government initiatives to strengthen the city’s capital markets, according to industry players. As part of efforts to promote the local bond market, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) launched a blueprint in September to expand yuan-linked products and widen the investor base... https://www.scmp.com/business/banking-finance/article/3337865/hong-kong-bond-markets-yuan-issuance-expand-2026-under-hkma-sfc-road-map?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337865/hong-kong-bond-markets-yuan-issuance-expand-2026-under-hkma-sfc-road-map?utm_source=rss_feed Mon, 29 Dec 2025 00:30:11 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL), the world’s biggest maker of electric-vehicle batteries, is set to restart a major lithium mine in eastern China, in a move that could ease raw material costs for the EV supply chain. Jiemian News, a Shanghai-based financial outlet, reported that the Yichun mine in Jiangxi province was expected to receive regulatory approval to resume operations shortly before or after the nine-day Lunar New Year break, which begins on February 15. CATL declined to... https://www.scmp.com/business/china-evs/article/3337701/catl-poised-bring-yichun-lithium-output-back-online-after-licence-lapse?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3337701/catl-poised-bring-yichun-lithium-output-back-online-after-licence-lapse?utm_source=rss_feed Thu, 25 Dec 2025 08:04:08 +0000 Julie Zhang Julie Zhang Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics. The government’s newly formed Commodity Strategy Committee held its first meeting on Monday under Financial Secretary Paul Chan Mo-po, as Hong Kong looked to build out a commodities ecosystem that would generate new growth... https://www.scmp.com/business/banking-finance/article/3337366/gold-takes-centre-stage-hong-kong-launches-committee-build-commodities-ecosystem?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337366/gold-takes-centre-stage-hong-kong-launches-committee-build-commodities-ecosystem?utm_source=rss_feed Mon, 22 Dec 2025 11:11:01 +0000 Jacqueline Kot,Morning Studio editors Jacqueline Kot,Morning Studio editors “Do you know what this is, or what this might be – the dirty-looking one?” asks Oliver Haas, the head of sustainability – commercial and innovation at Cathay Pacific, holding up a laboratory bottle filled with dark, murky liquid. The bottle contains used cooking oil, Haas explains, which is one of the raw materials most widely used for producing sustainable aviation fuel (SAF). “And this is SAF,” Haas says, holding up another sealed bottle filled with crystal-clear liquid. “It’s jet fuel –... https://www.scmp.com/native/business/climate-and-energy/topics/introducing-saf-air-passengers/article/3335286/cooking-oil-jet-fuel-cathay-pacific-shines-spotlight-saf?utm_source=rss_feed https://www.scmp.com/native/business/climate-and-energy/topics/introducing-saf-air-passengers/article/3335286/cooking-oil-jet-fuel-cathay-pacific-shines-spotlight-saf?utm_source=rss_feed Fri, 19 Dec 2025 03:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units, as well as Latrobe Valley Power (LVP) and its subsidiaries, from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp’s filing with the Singapore stock... https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed Thu, 11 Dec 2025 14:00:13 +0000 Hiba Malik Hiba Malik In the first three quarters of this year, China added 310 gigawatts of renewable energy capacity, up 47.7 per cent year on year and accounting for 84.4 per cent of all new power installations in the country, according to the National Energy Administration. This progress is more than climate leadership or capacity building; it involves a holistic reconstruction of the energy system. China is replacing the 20th-century fossil fuel order with a 21st-century “electro-industrial order” where power... https://www.scmp.com/opinion/china-opinion/article/3335658/how-china-cementing-its-central-role-architect-green-tech?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3335658/how-china-cementing-its-central-role-architect-green-tech?utm_source=rss_feed Thu, 11 Dec 2025 08:30:08 +0000 Mandy Zuo Mandy Zuo 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. China’s businesses have emerged as global players in a string of industries in recent years – from electric cars to solar panels. Now, the country is rapidly... https://www.scmp.com/economy/china-economy/article/3335298/waste-wealth-why-china-building-incinerators-around-world?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335298/waste-wealth-why-china-building-incinerators-around-world?utm_source=rss_feed Fri, 05 Dec 2025 05:55:56 +0000 Ma Jun,Sean Kidney Ma Jun,Sean Kidney As the United States renounces its climate commitments, a chain reaction of wavering pledges and scaled-back investments by other donors and multilateral institutions has followed. This trend raises the stakes for everyone else, underscoring the urgency of closing the financing gap for climate adaptation and mitigation in the developing world. Fortunately, China has increasingly been projecting itself as a source of alternative, low-cost funding for climate and sustainability projects across the... https://www.scmp.com/opinion/china-opinion/article/3334996/how-yuan-internationalisation-helping-close-climate-finance-gap?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3334996/how-yuan-internationalisation-helping-close-climate-finance-gap?utm_source=rss_feed Wed, 03 Dec 2025 12:30:10 +0000 Daniel Ren Daniel Ren China’s down jacket and coat makers are the unlikely beneficiaries of the winter season, as more young consumers splash out on coveted brands despite significant price increases. Buoyed by strong buying interest in mid to high-end winter wear, retailers like Bosideng expect the sales boom to continue over the next three months as the weather gets colder. “Garment makers that offer clothes specific for winter have received a windfall from the cold temperatures this year,” Shanghai-based... https://www.scmp.com/business/china-business/article/3333880/rising-down-jacket-sales-offer-unexpected-cushion-against-deflation-mainland-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333880/rising-down-jacket-sales-offer-unexpected-cushion-against-deflation-mainland-china?utm_source=rss_feed Mon, 24 Nov 2025 02:39:15 +0000 Julie Zhang Julie Zhang The Hong Kong Monetary Authority (HKMA) and the sovereign wealth fund of Saudi Arabia will launch a US$1 billion fund to help companies from Hong Kong and other cities in the Greater Bay Area expand into the Middle Eastern country, Financial Secretary Paul Chan Mo-po said on Tuesday. The move was expected to contribute to the development of non-oil economic sectors in Saudi Arabia, he said. “Next month, a major Saudi development company will be hosting a roadshow in Hong Kong to seek strategic... https://www.scmp.com/business/banking-finance/article/3333258/hong-kong-saudi-arabia-set-launch-us1-billion-fund-paul-chan-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333258/hong-kong-saudi-arabia-set-launch-us1-billion-fund-paul-chan-says?utm_source=rss_feed Tue, 18 Nov 2025 08:58:32 +0000 Julie Zhang Julie Zhang Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency’s growing clout in international trade and investment. “Based on my calculation, 10 per cent of our company’s total orders were priced and settled in renminbi,” said Yang Feng, finance director for overseas marketing at Sieyuan Electric, in a panel discussion organised by Standard Chartered at the China International Import Expo in... https://www.scmp.com/business/banking-finance/article/3333034/yuan-rapidly-gaining-ground-chinese-firms-plot-global-expansion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333034/yuan-rapidly-gaining-ground-chinese-firms-plot-global-expansion?utm_source=rss_feed Mon, 17 Nov 2025 06:38:44 +0000 Julie Zhang Julie Zhang Chinese new energy vehicle maker Seres Group, whose suppliers include Huawei Technologies, filed for an initial public offering (IPO) in Hong Kong on Monday, aiming to raise HK$13.18 billion (US$1.7 billion) amid a wave of long-term global capital flocking to Hong Kong listings. The EV maker plans to sell 100.2 million shares through its secondary listing in Hong Kong, with the offer price capped at HK$131.50 per share. The price determination date was expected to be around November 3, according... https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed Mon, 27 Oct 2025 05:15:06 +0000 Eric Ng Eric Ng Hong Kong University of Science and Technology (HKUST) start-up Stellerus Technology aims to be the world’s first provider of satellite-enabled three-dimensional wind data to help wind power, transport and insurance firms boost revenues, cut costs and manage risks, according to its founders. Stellerus, founded in 2023 by the university’s academics, would leverage China’s cost competitiveness in satellite manufacturing to make global 3D wind data collection economically viable, said Su Hui, the... https://www.scmp.com/business/climate-and-energy/article/3330245/hong-kong-start-stellerus-eyes-worlds-first-supply-3d-wind-data-satellites?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3330245/hong-kong-start-stellerus-eyes-worlds-first-supply-3d-wind-data-satellites?utm_source=rss_feed Sun, 26 Oct 2025 03:00:16 +0000 Alice Li Alice Li China’s wind power industry has set a target of doubling the number of new turbines installed per year over the next five years, as the industry bids to play a leading role in the country’s carbon neutrality push. The Chinese industry, which already leads the world in terms of installed wind power capacity, aims to install at least 120 gigawatts of new turbines annually from 2026 to 2030, according to a declaration jointly agreed by representatives of more than 1,000 wind power companies. That... https://www.scmp.com/economy/china-economy/article/3329819/chinas-wind-firms-aim-double-new-turbine-installations-over-next-5-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3329819/chinas-wind-firms-aim-double-new-turbine-installations-over-next-5-years?utm_source=rss_feed Wed, 22 Oct 2025 03:00:22 +0000 Carol Yang Carol Yang The fallout from the US-China port fee battle is still rippling through the global shipping sector as companies scramble to adapt. Yet, despite the drama, industry players still expect China to retain its edge as a leading shipbuilder – especially if the sector presses ahead with its green transition plans. The United States imposed steep new levies on Chinese-linked vessels entering American ports earlier this month as part of a wider push to curtail China’s dominance of global shipbuilding,... https://www.scmp.com/economy/china-economy/article/3329799/why-chinas-shipyards-still-have-clear-edge-over-rivals-despite-us-port-fee?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3329799/why-chinas-shipyards-still-have-clear-edge-over-rivals-despite-us-port-fee?utm_source=rss_feed Tue, 21 Oct 2025 10:00:32 +0000 Julie Zhang,Cao Li Julie Zhang,Cao Li The Hong Kong International Airport (HKIA) is poised to serve as a major infrastructure for the Greater Bay Area (GBA) and markets beyond, as a fresh surge of Chinese companies moves to expand globally over the next decade, according to the head of the city’s Airport Authority. “We mustn’t see the HKIA just as an airport for Hong Kong,” said Fred Lam Tin-fuk, Airport Authority chairman, in a speech at the Standard Chartered Hong Kong Business Summit 2025 on Tuesday. “We very much see it as a... https://www.scmp.com/business/banking-finance/article/3329792/hong-kong-aviation-hub-greater-bay-area-and-markets-beyond-airport-authority-chief?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329792/hong-kong-aviation-hub-greater-bay-area-and-markets-beyond-airport-authority-chief?utm_source=rss_feed Tue, 21 Oct 2025 08:44:06 +0000 Yulu Ao Yulu Ao Shares in China’s clean-energy companies, driven by policy tailwinds, show signs of catching up with a global rally that has lifted renewable equities into the ranks of this year’s top trades. The Hang Seng Shanghai-Shenzhen-Hong Kong Clean Energy Index rose about 30 per cent over the past six months, in line with the broader China market. The S&P Global Clean Energy Transition Index has jumped nearly 50 per cent over the same span, compared with 35 per cent gains in both the S&P 500 index and... https://www.scmp.com/business/china-business/article/3328683/chinas-clean-energy-stocks-closing-gap-global-peers-renewables-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328683/chinas-clean-energy-stocks-closing-gap-global-peers-renewables-surge?utm_source=rss_feed Sun, 12 Oct 2025 23:30:12 +0000 Syed Munir Khasru Syed Munir Khasru Global energy investment is projected to reach US$3.3 trillion this year, with some US$2.2 trillion directed towards clean technologies, double the amount flowing into fossil fuels. Yet beneath these impressive figures, a crisis of confidence is unfolding. During the first half of this year alone, companies cancelled or scaled back more than US$22 billion in clean energy projects in the United States. These included high-profile battery facilities, storage systems and electric vehicle factories,... https://www.scmp.com/opinion/world-opinion/article/3328334/6-steps-democracies-must-take-match-china-climate-action?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3328334/6-steps-democracies-must-take-match-china-climate-action?utm_source=rss_feed Sun, 12 Oct 2025 01:30:08 +0000 Eric Ng Eric Ng Sungrow Power Supply, the world’s largest producer of solar inverters and energy storage systems, has joined a growing number of mainland Chinese companies seeking to float shares in Hong Kong, taking advantage of the city’s stock market boom. Based in Hefei, the capital of eastern Anhui province, Sungrow led the world with 870 gigawatts of cumulative installed capacity of inverters – devices that convert the power produced by solar panels into a format of electricity that can be consumed by... https://www.scmp.com/business/banking-finance/article/3328118/chinese-solar-inverter-and-energy-storage-giant-sungrow-seeks-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328118/chinese-solar-inverter-and-energy-storage-giant-sungrow-seeks-hong-kong-ipo?utm_source=rss_feed Tue, 07 Oct 2025 08:42:47 +0000 Xiaofei Xu Xiaofei Xu China’s clean technology is “becoming the basis of the new energy system” around the world, with the country’s monthly green tech exports hitting a record US$20 billion in August, a European think tank said. As China brings down the prices of technologies like batteries and photovoltaic solar panels, sales are surging in countries across Southeast Asia, Latin America and Africa, according to a report by the UK-based think tank Ember. “Demand for clean technologies continues to skyrocket as more... https://www.scmp.com/economy/china-economy/article/3327993/chinas-cleantech-creating-new-global-energy-system-exports-soar-report?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3327993/chinas-cleantech-creating-new-global-energy-system-exports-soar-report?utm_source=rss_feed Mon, 06 Oct 2025 07:30:44 +0000