https://www.scmp.com/rss/519742/feed Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 Themis Qi Themis Qi Rising memory-chip costs could reshape the smartphone industry, said Xiaomi president William Lu Weibing, after weak smartphone sales cut into the firm’s fourth-quarter profit. Memory prices were surging at a magnitude “beyond imagination”, drawing smartphone makers into a long-term price-raising cycle, Lu said on an earnings call on Tuesday. “When the price-raising cycle ends, some players may suffer significant losses or even face closure,” he said, without elaborating. However, the challenge... https://www.scmp.com/business/china-evs/article/3347728/xiaomi-profit-drops-27-weaker-smartphone-sales-chinese-firms-ev-growth-slows?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3347728/xiaomi-profit-drops-27-weaker-smartphone-sales-chinese-firms-ev-growth-slows?utm_source=rss_feed Tue, 24 Mar 2026 10:27:27 +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 Themis Qi Themis Qi Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology’s exports jumped nearly 400 per cent last year, thanks to its partnership with European giant Stellantis, according to a filing to the Hong Kong stock exchange on Monday. The Hangzhou-based carmaker said it exported 67,052 units in 2025, the most among emerging Chinese EV makers. Leapmotor exported 13,726 units in 2024. The surge in exports was largely attributed to Leapmotor’s joint venture with Stellantis formed in May 2024,... https://www.scmp.com/business/china-evs/article/3346786/leapmotors-stellantis-tie-pays-ev-exports-jump-nearly-400-last-year?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346786/leapmotors-stellantis-tie-pays-ev-exports-jump-nearly-400-last-year?utm_source=rss_feed Mon, 16 Mar 2026 12:59:05 +0000 Themis Qi Themis Qi Tesla has emerged as a rare outlier in China’s slowing electric vehicle (EV) market, posting a massive sales surge in February even as domestic leaders like BYD grapple with double-digit declines. The US carmaker’s Shanghai Gigafactory delivered nearly 58,600 vehicles to Chinese buyers last month, up 91 per cent compared with the same period last year, according to data from automotive platform Dongchedi. Sales of Model Y stood at 41,404 units, while Model 3 accounted for 17,195 units. Starting... https://www.scmp.com/business/china-evs/article/3346435/teslas-91-february-sales-jump-china-defies-overall-market-slowdown?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346435/teslas-91-february-sales-jump-china-defies-overall-market-slowdown?utm_source=rss_feed Fri, 13 Mar 2026 03:32:25 +0000 Xiaofei Xu Xiaofei Xu BMW could be approaching the end of the tunnel in China as signs of stabilisation raise hopes of a turnaround after the German carmaker reported that sales dropped by double digits in the key market in 2025. “Transaction prices in the market for our products have stabilised … and are actually improving slightly compared to [the third quarter],” said Walter Mertl, chief financial officer, during a press conference on Thursday. “If the run rate continues this way, we have the opportunity to go... https://www.scmp.com/business/china-business/article/3346403/bmw-sees-smoother-road-ahead-china-after-sales-skid-2025?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346403/bmw-sees-smoother-road-ahead-china-after-sales-skid-2025?utm_source=rss_feed Fri, 13 Mar 2026 00:00:48 +0000 Cao Li,Themis Qi Cao Li,Themis Qi BYD, the world’s largest electric-vehicle (EV) maker, sold more cars overseas than at home for the first time in February, reflecting a broader trend among Chinese EV makers’ global push as domestic sales soften amid fierce competition. “Squeezed by the fierce competition at home, China’s EV makers are shifting their focus to global markets,” said David Zhang, general secretary of the Shanghai-based International Intelligent Vehicle Engineering Association. BYD, which overtook Tesla last year as... https://www.scmp.com/business/article/3345666/chinese-ev-makers-increasingly-reliant-exports-domestic-sales-decelerate?utm_source=rss_feed https://www.scmp.com/business/article/3345666/chinese-ev-makers-increasingly-reliant-exports-domestic-sales-decelerate?utm_source=rss_feed Fri, 06 Mar 2026 06:00:15 +0000 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 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 Vincent Chow Vincent Chow WeRide, one of China’s big three robotaxi companies, has cut research and development (R&D) costs by “millions” of US dollars by using artificial intelligence to train its fleet in virtual worlds, its CEO said. While rivals had also developed AI models simulating the physical world, WeRide’s efforts stood out as it was using its world model Genesis to support its global expansion strategy, said Tony Han. “It’s the first real marriage between physical AI and generative AI,” Han told the South... https://www.scmp.com/tech/article/3344817/breakthrough-or-hype-how-weride-aims-steer-past-rivals-crowded-robotaxi-field?utm_source=rss_feed https://www.scmp.com/tech/article/3344817/breakthrough-or-hype-how-weride-aims-steer-past-rivals-crowded-robotaxi-field?utm_source=rss_feed Sat, 28 Feb 2026 02:00:38 +0000 Themis Qi Themis Qi Amid intensifying competition among Chinese electric-vehicle (EV) makers last year, relatively inexpensive models from Geely Auto and Wuling Motor Holdings topped the sales chart, surpassing cars from BYD and Tesla. In 2025, Geely sold more than 459,000 units of the Xingyuan EV – priced between 68,800 yuan (US$9,960) and 98,800 yuan – versus 52,570 a year earlier, according to a list of the top-selling battery EV models on the mainland compiled by a unit under the state-owned China Automotive... https://www.scmp.com/business/china-evs/article/3344355/geely-and-wuling-dominate-china-ev-sales-surpassing-tesla-and-byd?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3344355/geely-and-wuling-dominate-china-ev-sales-surpassing-tesla-and-byd?utm_source=rss_feed Mon, 23 Feb 2026 10:35:44 +0000 Daniel Ren Daniel Ren Chinese self-driving technology firm Pony AI has started mass production of a robotaxi co-developed with Toyota, taking an important step forward in commercialising autonomous cabs worldwide. The Guangzhou-based company said on Monday that 1,000 driverless cabs of this kind would roll off the production line this year, to be deployed in top-tier mainland Chinese cities. The cars will reinforce Pony AI’s plan to operate a total robotaxi fleet of more than 3,000 units in various mainland and... https://www.scmp.com/business/china-business/article/3342953/pony-ai-and-toyota-roll-out-mass-produced-robotaxis-chinas-autonomous-drive-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342953/pony-ai-and-toyota-roll-out-mass-produced-robotaxis-chinas-autonomous-drive-push?utm_source=rss_feed Mon, 09 Feb 2026 12:28:20 +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 Xiaofei Xu Xiaofei Xu Tesla confirmed that its annual revenues fell for the first time in the company’s history last year, as the firm announced plans to pivot towards humanoid robots and possibly build its own semiconductor factories during an earnings call on Wednesday. The US-based company reported total revenues of US$94.8 billion for 2025, down by 3 per cent compared with the previous year. But revenues and gross profits beat analysts’ estimates in the final quarter of last year, coming in at US$24.9 billion and... https://www.scmp.com/business/china-evs/article/3341613/tesla-reports-first-ever-annual-revenue-decline-chinas-ev-giants-zoom-ahead?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3341613/tesla-reports-first-ever-annual-revenue-decline-chinas-ev-giants-zoom-ahead?utm_source=rss_feed Thu, 29 Jan 2026 02:25:52 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) king BYD aims for a 24 per cent increase in its overseas deliveries in 2026, buoyed by an expanded sales network and new model launches, as it pursues growth abroad to counteract a slowing domestic market. The Shenzhen-based company, the world’s largest builder of pure electric and plug-in hybrid vehicles, expected to sell 1.3 million cars this year outside mainland China, up 24.3 per cent from 2025, said Li Yunfei, general manager of branding and public relations,... https://www.scmp.com/business/china-business/article/3341156/chinese-carmaker-byd-chases-24-export-growth-new-models-more-showrooms-abroad?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341156/chinese-carmaker-byd-chases-24-export-growth-new-models-more-showrooms-abroad?utm_source=rss_feed Sun, 25 Jan 2026 08:30:30 +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 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 Daniel Ren Daniel Ren Chinese electric vehicle (EV) supply chain vendors are adding another dimension to their go-global drive: designing batteries and lidar sensors for models by international marques that cater to overseas drivers. As leading players like BYD secure mega deals with major carmakers like Ford, Chinese automotive suppliers that once trailed their global peers are now stamping their authority on the EV sector. Chinese vendors were enjoying an overwhelming advantage over their international rivals in... https://www.scmp.com/business/china-business/article/3340467/chinese-automotive-suppliers-speed-localisation-increase-global-market-share?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340467/chinese-automotive-suppliers-speed-localisation-increase-global-market-share?utm_source=rss_feed Mon, 19 Jan 2026 23:30:09 +0000 SCMP Reporters SCMP Reporters We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. BYD’s win, Tesla’s defeat, Ford’s pivot: the widening gap in US-China EV markets After years of competing head-to-head with China in electric vehicles, the United States is now widely seen as falling behind – a reality increasingly acknowledged even within Detroit. Read the full story... https://www.scmp.com/news/china/article/3340062/teslas-defeat-harvards-success-trump-top-global-risk-7-us-china-relations-reads?utm_source=rss_feed https://www.scmp.com/news/china/article/3340062/teslas-defeat-harvards-success-trump-top-global-risk-7-us-china-relations-reads?utm_source=rss_feed Fri, 16 Jan 2026 15:00:09 +0000 Themis Qi Themis Qi China’s electric vehicle (EV) exports doubled in 2025 amid rising overseas demand for affordable cars and Beijing’s anti-involution campaign. The country – the world’s leading EV manufacturer – sold more than 2.6 million units to overseas markets last year, up 104 per cent from a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM) on Wednesday. Despite persistent trade tensions, Chinese brands were expected to further deepen their presence in overseas... https://www.scmp.com/business/china-evs/article/3339919/chinas-ev-makers-face-slowdown-export-growth-after-doubling-2025?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3339919/chinas-ev-makers-face-slowdown-export-growth-after-doubling-2025?utm_source=rss_feed Wed, 14 Jan 2026 22:30:08 +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 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 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 Julie Zhang Julie Zhang Three in four multinational corporations (MNCs) operating in mainland China have maintained or increased their investments in 2025, according to a recent KPMG survey, despite Washington stepping up efforts to decouple from Beijing and its allies following suit. The survey published on Monday, polling 137 senior executives from global companies operating in the world’s second-largest economy between June and September, revealed that only 1 per cent reported preparing to exit the market. About 20... https://www.scmp.com/business/banking-finance/article/3337381/global-firms-turn-ma-evs-and-biotech-deepen-china-investment-kpmg?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337381/global-firms-turn-ma-evs-and-biotech-deepen-china-investment-kpmg?utm_source=rss_feed Tue, 23 Dec 2025 01:30:22 +0000 Daniel Ren Daniel Ren Nearly 270,000 cars with self-driving systems that allow drivers to be “hands off” under certain conditions will be sold in China next year as Beijing allows carmakers to build such vehicles, according to Daiwa Securities. This volume is projected to represent about 1 per cent of China’s total new car sales in 2026, as the expanding adoption of advanced driver assistance systems (ADAS) is poised to stimulate the world’s largest automotive and electric vehicle (EV) market amid waning... https://www.scmp.com/business/china-business/article/3337224/chinas-approval-l3-self-driving-cars-stimulate-slowing-mainland-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337224/chinas-approval-l3-self-driving-cars-stimulate-slowing-mainland-market?utm_source=rss_feed Sun, 21 Dec 2025 23:30:12 +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 Daniel Ren Daniel Ren Tesla’s Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries... https://www.scmp.com/business/china-evs/article/3335023/teslas-china-gigafactory-sees-shipment-surge-ahead-government-subsidy-expiry?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3335023/teslas-china-gigafactory-sees-shipment-surge-ahead-government-subsidy-expiry?utm_source=rss_feed Wed, 03 Dec 2025 06:53:24 +0000 Xinyi Wu Xinyi Wu German companies are accelerating efforts to partner with Chinese rivals, conceding in fresh survey results that the local competitors appear poised to seize the lead in global innovation. While business sentiment among surveyed German firms in China has seen a slight uptick, optimism has been tempered by fierce price competition and a nationalist “Buy China” push, according to findings from the German Chamber of Commerce’s 2025/26 Business Confidence Survey. About 56 per cent of surveyed firms... https://www.scmp.com/economy/global-economy/article/3334907/buy-china-trend-price-wars-push-german-industry-localise-seeing-rivals-leaders?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3334907/buy-china-trend-price-wars-push-german-industry-localise-seeing-rivals-leaders?utm_source=rss_feed Tue, 02 Dec 2025 09:00:24 +0000 Daniel Ren Daniel Ren Tesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according to a senior official. Grace Tao, vice-president of the US company, offered a vote of confidence to the more than 400 Chinese manufacturers that supply car components from batteries to heat-control systems to Tesla’s Shanghai Gigafactory. She made the remarks on Wednesday, in what appeared to be an... https://www.scmp.com/business/china-business/article/3334255/tesla-affirms-confidence-chinese-partners-rejects-supplier-bans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334255/tesla-affirms-confidence-chinese-partners-rejects-supplier-bans?utm_source=rss_feed Wed, 26 Nov 2025 11:46:58 +0000 Wency Chen Wency Chen Xiaomi has open-sourced a new foundation model that integrates autonomous driving and embodied artificial intelligence, as the Chinese smartphone and electric-vehicle (EV) manufacturer seeks to enhance its AI capabilities. MiMo-Embodied, which comes after Xiaomi’s first large language model MiMo launched in April, was described as the “first open-source vision-language model” that combined autonomous driving and embodied AI tasks. Technical reports and project files are available on platforms... https://www.scmp.com/tech/big-tech/article/3333787/xiaomi-open-sources-ai-model-spanning-autonomous-driving-and-robotics?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3333787/xiaomi-open-sources-ai-model-spanning-autonomous-driving-and-robotics?utm_source=rss_feed Sat, 22 Nov 2025 07:30:13 +0000 Kandy Wong Kandy Wong Tesla’s reported plan to stop using Chinese-made components in US-built cars aligns with a “significant strategy” in national industrial policy, with some American giants seeking to “completely de-risk” supply chains amid an increasingly tense geopolitical climate, an automotive executive said. Curt Hopkins, CEO of automotive investment platform MCQ Markets in Miami, said Tesla appeared to be “developing a completely dual strategy, where in the US they’re going to de-China, diversify and make... https://www.scmp.com/economy/china-economy/article/3333568/china-made-ev-parts-reportedly-teslas-crosshairs-total-de-risk-feasible?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3333568/china-made-ev-parts-reportedly-teslas-crosshairs-total-de-risk-feasible?utm_source=rss_feed Fri, 21 Nov 2025 03:00:10 +0000 Daniel Ren Daniel Ren Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, pledged to focus on the safety and reliability of its cars after its factory reached another milestone. Founder and CEO Lei Jun said on Thursday that Xiaomi had raised its full-year delivery target from 350,000 vehicles to 400,000 after ramping up production, but stressed that the quality of the SU7 sedan and YU7 SUVs would not be compromised. “We firmly believe that safety is a foundation and a priority,” he said... https://www.scmp.com/business/china-business/article/3333546/tesla-rival-xiaomi-reaffirms-safety-focus-after-raising-2025-sales-target-400000-units?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333546/tesla-rival-xiaomi-reaffirms-safety-focus-after-raising-2025-sales-target-400000-units?utm_source=rss_feed Thu, 20 Nov 2025 09:45:09 +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 Daniel Ren Daniel Ren Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market. The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs, said on Tuesday that its coming SUV, co-developed with Chinese partner Xpeng, would be its most intelligent model to date. The announcement follows the inclusion of... https://www.scmp.com/business/china-business/article/3332310/volkswagen-bets-ev-developed-xpeng-regain-ground-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332310/volkswagen-bets-ev-developed-xpeng-regain-ground-china?utm_source=rss_feed Tue, 11 Nov 2025 07:00:20 +0000 Daniel Ren Daniel Ren International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE), which runs through Monday, to promote their latest models featuring longer ranges, enhanced... https://www.scmp.com/business/companies/article/3332025/tesla-and-global-carmakers-race-against-chinese-ev-rivals-shanghai-import-expo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332025/tesla-and-global-carmakers-race-against-chinese-ev-rivals-shanghai-import-expo?utm_source=rss_feed Sun, 09 Nov 2025 02:00:14 +0000 Coco Feng Coco Feng Chinese electric vehicle maker Xpeng says it will roll out robotaxi services using Alibaba Group Holding’s mapping service Amap in 2026 as it applies artificial intelligence capabilities to marketable services and products. Three robotaxi models, along with a humanoid robot and two flying cars, would be the latest Xpeng products to woo consumers by applying its new vision language action (VLA) AI model, said He Xiaopeng, Xpeng chairman and CEO, on Wednesday. Xpeng’s driverless vehicles would be... https://www.scmp.com/business/china-evs/article/3331658/chinese-ev-maker-xpeng-roll-out-driverless-cars-alibabas-amap-take-tesla-fsd?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3331658/chinese-ev-maker-xpeng-roll-out-driverless-cars-alibabas-amap-take-tesla-fsd?utm_source=rss_feed Wed, 05 Nov 2025 11:24:50 +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 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. The Shenzhen-based carmaker racked up 24,963 new-car registrations in Europe in September, nearly five times its deliveries of 5,013 units a year ago, according to data from the European Automobile Manufacturers Association, known as the ACEA. The association tracks vehicle sales across the European Union,... https://www.scmp.com/business/china-evs/article/3330873/chinese-ev-maker-byds-sales-surge-europe-narrowing-gap-market-leader-tesla?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3330873/chinese-ev-maker-byds-sales-surge-europe-narrowing-gap-market-leader-tesla?utm_source=rss_feed Thu, 30 Oct 2025 07:02:25 +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,Yujie Xue Daniel Ren,Yujie Xue Chinese robotaxi companies are outpacing US competitors in overseas markets after successfully ramping up services at home. Baidu’s Apollo Go, Pony.ai and WeRide have all pushed into the Middle East and Europe, while US-based Waymo focuses more on domestic services. The three Chinese companies are also working to introduce their driverless cars in other Asian markets. China has leapt to the lead in robotaxis thanks to its huge market of more than 1.4 billion people, supportive government... https://www.scmp.com/plus/article/3328923/chinas-robotaxis-lead-race-overseas-markets?utm_source=rss_feed https://www.scmp.com/plus/article/3328923/chinas-robotaxis-lead-race-overseas-markets?utm_source=rss_feed Tue, 14 Oct 2025 07:00:10 +0000 Hamzah Rifaat Hamzah Rifaat After years of rapid expansion, Chinese carmaker BYD saw sales fall for the first time in over five years in the third quarter of this year on an annual basis. Amid fierce competition at home, BYD’s vehicle sales in September alone fell by 5.5 per cent year on year. This comes after a 30 per cent profit drop in the second quarter. The company’s sales and profit drops reflect the fortunes of many other Chinese carmakers as domestic demand for electric vehicles slows. But what does this mean for... https://www.scmp.com/opinion/asia-opinion/article/3328159/how-china-engineering-asias-rise-worlds-leading-ev-factory?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3328159/how-china-engineering-asias-rise-worlds-leading-ev-factory?utm_source=rss_feed Thu, 09 Oct 2025 21:30:07 +0000 Igor Patrick Igor Patrick Chinese carmaker BYD inaugurated what it describes as its largest electric vehicle plant outside Asia on Thursday, highlighting Brazil’s bid to lead South America’s shift towards clean mobility while drawing renewed scrutiny of Beijing’s expanding industrial footprint. The opening of the vast Camacari complex in Bahia state brought together President Luiz Inacio Lula da Silva, Vice-President Geraldo Alckmin, state and local officials and dozens of industry figures. It coincided with the roll-out... https://www.scmp.com/news/china/article/3328433/byd-opens-massive-brazil-plant-its-biggest-investment-outside-asia?utm_source=rss_feed https://www.scmp.com/news/china/article/3328433/byd-opens-massive-brazil-plant-its-biggest-investment-outside-asia?utm_source=rss_feed Thu, 09 Oct 2025 17:15:50 +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 Daniel Ren,Eric Ng Daniel Ren,Eric Ng BeyonCa, a Chinese premium electric vehicle (EV) start-up, plans to unveil its first production model as early as the end of October as it edges closer to pioneering car manufacturing in Hong Kong. The luxury car – known as the Grand Tourer and designed for high-speed, long-distance travel – will be assembled at the Tai Po advanced manufacturing site of Hong Kong Science and Technology Parks (HKSTP), according to people familiar with the matter. The car targets customers in Europe and the Middle... https://www.scmp.com/business/china-business/article/3327130/beyonca-edges-closer-ev-production-hong-kong-prepares-luxury-car-global-buyers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327130/beyonca-edges-closer-ev-production-hong-kong-prepares-luxury-car-global-buyers?utm_source=rss_feed Mon, 29 Sep 2025 02:00:20 +0000 Julie Zhang Julie Zhang Chery Automobile surged as much as 14 per cent above its offer price on its Hong Kong stock debut on Thursday morning, as investors flocked to buy shares in China’s second-largest carmaker following its HK$9.15 billion (US$1.18 billion) initial public offering (IPO). Trading under the stock code 9973, Chery’s shares opened at HK$34.20, an increase of 11 per cent from the offer price of HK$30.75, which was set at the top end of the marketed range. The buying momentum propelled the price to a peak... https://www.scmp.com/business/banking-finance/article/3326761/chery-chinas-no-2-carmaker-soars-hong-kong-debut-after-us12-billion-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326761/chery-chinas-no-2-carmaker-soars-hong-kong-debut-after-us12-billion-ipo?utm_source=rss_feed Thu, 25 Sep 2025 03:30:00 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) manufacturer Xiaomi is recalling more than one-third of its cars owing to flaws in its driver-assistance software, following a fatal accident involving one of its SU7 sedans about six months ago. A total of 116,877 fully electric SU7 vehicles produced between February 6, 2024, and August 30, 2025, would be recalled, according to a statement released by the State Administration for Market Regulation on Friday. The statement said that Xiaomi’s driver-assistance system... https://www.scmp.com/business/china-business/article/3326115/xiaomi-recalls-nearly-117000-su7-vehicles-after-fatal-crash-raises-safety-concerns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326115/xiaomi-recalls-nearly-117000-su7-vehicles-after-fatal-crash-raises-safety-concerns?utm_source=rss_feed Fri, 19 Sep 2025 07:00:09 +0000 Julie Zhang Julie Zhang Shares of Hesai Group, the world’s largest supplier of lidar sensors, rose in their Hong Kong debut on Tuesday as investors tapped into the offering amid a slew of blockbuster deals in the city’s listing pipeline. Trading under the code 2525, Hesai’s shares opened at HK$229.20, a premium of 7.7 per cent to the offer price of HK$212.80 per share. The stock climbed as high as HK$244 before closing at HK$234. The company sold 19.55 million shares, including 2.55 million shares through the full... https://www.scmp.com/business/banking-finance/article/3325653/chinas-hesai-rises-hong-kong-share-debut-lidar-sensor-maker-raises-us531-million?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325653/chinas-hesai-rises-hong-kong-share-debut-lidar-sensor-maker-raises-us531-million?utm_source=rss_feed Tue, 16 Sep 2025 01:35:58 +0000 Coco Feng Coco Feng Hello, a Chinese bike-sharing and ride-hailing firm backed by fintech giant Ant Group, unveiled its first driverless taxi on Thursday, intensifying competition with local rivals Baidu, WeRide and Pony.ai. The vehicle, Hello Robot1, is based on the Venucia VX6 SUV produced by a joint venture between China’s Dongfeng Motor and Japan’s Nissan, according to Yu Qiankun, co-founder of Hello’s self-driving unit, who presented the car at an event in Shanghai. Equipped with 14 high-resolution cameras,... https://www.scmp.com/tech/big-tech/article/3325186/ant-group-backed-hello-launches-robotaxi-challenge-baidu-weride-ponyai-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3325186/ant-group-backed-hello-launches-robotaxi-challenge-baidu-weride-ponyai-china?utm_source=rss_feed Thu, 11 Sep 2025 10:00:22 +0000 Daniel Ren Daniel Ren In a rare move, more than three dozen BYD executives increased their stakes in the world’s largest electric-vehicle (EV) maker, which is likely to boost investor confidence after its shares plunged more than 20 per cent from an all-time high in May. Thirty-seven executives, including five vice-presidents, spent a combined 52.3 million yuan (US$7.3 million) to buy 488,200 Shenzhen-listed shares to “display their continued optimism about the investment value of the company”, BYD said in filings to... https://www.scmp.com/business/banking-finance/article/3325141/byd-executives-buy-shares-show-confidence-ev-makers-investment-value?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325141/byd-executives-buy-shares-show-confidence-ev-makers-investment-value?utm_source=rss_feed Thu, 11 Sep 2025 05:07:05 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings of electric vehicle [makers and companies in the] EV supply chain, energy storage and hydrogen energy on the Hong Kong stock exchange,” said Salina Yan Mei-mei,... https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed Wed, 10 Sep 2025 08:35:00 +0000