https://www.scmp.com/rss/519743/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 Finbarr Bermingham Finbarr Bermingham Sven Biscop is a Belgian political scientist and strategist specialising in the foreign affairs and security of the EU and its relations with great powers. He is a director at the Egmont Royal Institute for International Relations in Brussels and a professor at Ghent University. He is also a senior research fellow at Renmin University in Beijing, where he teaches in the summer. Biscop is the author of many books, including 2024’s This Is Not a New World Order: Europe Rediscovers Geopolitics,... https://www.scmp.com/news/china/diplomacy/article/3350626/saying-youre-geopolitical-actor-doesnt-make-it-so-sven-biscop-europe?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350626/saying-youre-geopolitical-actor-doesnt-make-it-so-sven-biscop-europe?utm_source=rss_feed Sun, 19 Apr 2026 22:00:19 +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 Xiaofei Xu Xiaofei Xu This month, the Post’s Xiaofei Xu sat down with Deng Li, China’s ambassador to France and Monaco, for an in-depth and wide-ranging interview. In part two, Deng discusses Beijing’s economic relationship with France and the EU. Part one can be found here. As Europe adapts to the changing nature of the global economy and the fast pace of technological innovation, China is ready to help the continent as it determines its role in emerging industries, Beijing’s top diplomat in Paris told the... https://www.scmp.com/economy/global-economy/article/3330699/progress-cannot-be-stopped-chinas-ambassador-france-talks-trade-ev-tariffs?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3330699/progress-cannot-be-stopped-chinas-ambassador-france-talks-trade-ev-tariffs?utm_source=rss_feed Wed, 29 Oct 2025 06:00:09 +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 Asma Khalid Asma Khalid There are fresh worries across Europe’s factory floors. The US has started applying steel and aluminium tariffs to a growing list of finished goods. In August, Washington added 407 new items to the tariff list. These include parts for wind turbines, cranes, bulldozers, railcars, motorcycles, marine engines, appliances and furniture. It marks a shift from raw materials to the everyday components Europe sells to American buyers. Earlier in June, the White House had already doubled the tariff rate... https://www.scmp.com/opinion/world-opinion/article/3327729/europe-should-focus-beating-us-tariffs-not-chinese-evs?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3327729/europe-should-focus-beating-us-tariffs-not-chinese-evs?utm_source=rss_feed Sun, 05 Oct 2025 12:30:08 +0000 Junjie Wang Junjie Wang To view the Post’s coverage of China’s 15th five-year plan, follow this link. https://www.scmp.com/plus/article/3327216/energy-transition-goals-chinas-15th-five-year-plan?utm_source=rss_feed https://www.scmp.com/plus/article/3327216/energy-transition-goals-chinas-15th-five-year-plan?utm_source=rss_feed Mon, 29 Sep 2025 07:27:59 +0000 Daniel Ren Daniel Ren Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its electric vehicle (EV) subsidiary as part of a transition towards electrification. The company – based in Wuhan, the capital of central Hubei province – is offering shareholders HK$6.68 (US$0.85) per share, valuing the listed unit at HK$55.1 billion, according to a filing with the Hong Kong stock exchange late on Friday. The offer represents an 11.9 per cent premium over the closing... https://www.scmp.com/business/china-business/article/3322915/dongfeng-motor-list-voyah-ev-brand-hong-kong-take-parent-company-private?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322915/dongfeng-motor-list-voyah-ev-brand-hong-kong-take-parent-company-private?utm_source=rss_feed Sat, 23 Aug 2025 08:35:07 +0000 Daniel Ren Daniel Ren Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers fell to 16.7 per cent last month from an unprecedented 17.4 per cent in June, according to a recent JPMorgan report. “This is... https://www.scmp.com/business/china-business/article/3321134/chinese-carmakers-reduce-discounts-after-beijings-warning-no-end-sight-price-war?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3321134/chinese-carmakers-reduce-discounts-after-beijings-warning-no-end-sight-price-war?utm_source=rss_feed Thu, 07 Aug 2025 23:30:07 +0000 Vanessa Cai Vanessa Cai China has released ethical guidelines for autonomous driving technology, highlighting the need for user safety and technology transparency. Publishing the guidelines on Wednesday, the Ministry of Science and Technology said automated driving systems “must demonstrate a high degree of respect for human life and actively seek effective strategies to minimise harm”. Algorithms, models and other content related to the technology must be clearly documented and readily accessible for inspection, it... https://www.scmp.com/news/china/politics/article/3319459/respect-life-china-sets-out-ethical-guidelines-autonomous-driving-technologies?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3319459/respect-life-china-sets-out-ethical-guidelines-autonomous-driving-technologies?utm_source=rss_feed Thu, 24 Jul 2025 09:58:44 +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 June Xia June Xia Stimulating consumer demand and encouraging sustainable innovation are vital to China’s efforts to combat excessive competition – termed neijuan in Chinese, or “involution” - and could even help turn the trend into a virtuous cycle, analysts said. Top-down macroeconomic policies are also crucial, as actions taken by enterprises alone are insufficient, they added. “The essence of ‘involutional’ competition is inefficient competition in a limited market space,” analysts from China International... https://www.scmp.com/economy/china-economy/article/3319009/china-urged-curb-neijuan-boosting-domestic-consumption-innovation-led-growth?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3319009/china-urged-curb-neijuan-boosting-domestic-consumption-innovation-led-growth?utm_source=rss_feed Mon, 21 Jul 2025 11:30:07 +0000 Carol Yang Carol Yang In discussions with major carmakers, China has repeatedly brought up the “irrational competition” driving down prices – an economy-wide issue threatening the buoyancy of emerging growth drivers, particularly new energy vehicles (NEVs) – calling for firms to establish lasting standards to ensure fair and orderly market activity. As Beijing seeks to rein in a cutthroat price war driving down growth potential in the sector – a trend that is also fuelling deflationary pressure – industry leaders... https://www.scmp.com/economy/china-economy/article/3319011/chinese-officials-call-carmakers-clamp-down-price-spiral?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3319011/chinese-officials-call-carmakers-clamp-down-price-spiral?utm_source=rss_feed Mon, 21 Jul 2025 09:30:08 +0000 Alice Li Alice Li China’s latest export restrictions on eight key electric vehicle (EV) battery technologies officially took effect this week, about half a year after it announced its intention to implement them. According to the rules announced by the Ministry of Commerce and the Ministry of Science and Technology, manufacturers using the technologies in the production of EV batteries must now obtain government licences before transferring them abroad. In this explainer, the Post takes a look at the technologies... https://www.scmp.com/economy/china-economy/article/3318610/what-you-need-know-about-chinas-export-restrictions-8-key-ev-battery-technologies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3318610/what-you-need-know-about-chinas-export-restrictions-8-key-ev-battery-technologies?utm_source=rss_feed Thu, 17 Jul 2025 10:00:48 +0000 Yujie Xue Yujie Xue Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A total of 1.8 million battery-powered electric vehicles (BEVs) and plug-in hybrids were sold last month, the London-based firm said on Tuesday. Sales in China jumped 28 per cent to 1.11 million units, or 60 per cent of the worldwide total, while Europe’s demand rose 23 per... https://www.scmp.com/business/china-evs/article/3318380/china-and-europe-power-24-growth-global-ev-sales-june?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3318380/china-and-europe-power-24-growth-global-ev-sales-june?utm_source=rss_feed Wed, 16 Jul 2025 04:21:28 +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 Yujie Xue Yujie Xue Chinese smartphone and car maker Xiaomi has moved up the launch of its latest electric vehicle (EV) model amid strong consumer interest in the SUV, which is seen as a potential challenger to the dominance of Tesla’s Model Y. Sales of the YU7, the Beijing-based company’s second production model, would start at the end of this month instead of in July as previously planned, founder and CEO Lei Jun said in a post on Chinese social media platform Weibo on Monday. “We are making the preparations, and... https://www.scmp.com/business/china-evs/article/3314580/chinese-evs-xiaomi-accelerates-launch-tesla-model-y-rival-yu7-citing-strong-demand?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3314580/chinese-evs-xiaomi-accelerates-launch-tesla-model-y-rival-yu7-citing-strong-demand?utm_source=rss_feed Mon, 16 Jun 2025 07:00:08 +0000 Anthony W.D. Anastasi Anthony W.D. Anastasi China’s electric vehicle (EV) industry has achieved resounding success, marking a triumph for Chinese industrial policy and entrepreneurship. However, the sector now stands at a critical turning point. Fierce price wars and destructive competition, or neijuan, epitomised by BYD’s recent dramatic price cuts, have prompted warnings from Chinese state regulators. For the health of the industry, China’s macroeconomic stability and the global economy, the solution should be clear: consolidation. In... https://www.scmp.com/opinion/china-opinion/article/3313848/how-chinas-ev-titans-can-end-industrys-forever-price-war?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3313848/how-chinas-ev-titans-can-end-industrys-forever-price-war?utm_source=rss_feed Wed, 11 Jun 2025 08:30:07 +0000 Yujie Xue Yujie Xue Some of the world’s biggest carmakers are squaring off for a titanic battle over small cars in Europe, as native stalwarts like Volkswagen and Renault fight to maintain their hold on the market against an influx of cheap electric vehicles (EVs) from BYD and its Chinese peers. Last month, BYD, which surpassed Tesla last year as the world’s largest EV maker, launched its Dolphin Surf compact hatchback in Europe. The company’s most affordable model, known in China as the Seagull, is priced from... https://www.scmp.com/business/china-evs/article/3313439/how-byd-and-chinese-peers-are-transforming-europes-small-ev-market?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3313439/how-byd-and-chinese-peers-are-transforming-europes-small-ev-market?utm_source=rss_feed Sun, 08 Jun 2025 22:30:12 +0000 Yujie Xue Yujie Xue Chinese smartphone maker Xiaomi will start making money from its electric-vehicle (EV) venture by the end of this year, according to its founder and CEO Lei Jun, less than two years after rolling its first units off the assembly line, as demand surpassed expectations. Losses have narrowed, and the unit could become profitable by the third or fourth quarter, local media The Paper reported on Tuesday, quoting Lei during a presentation in Beijing. Xiaomi was confident about its sales following the... https://www.scmp.com/business/china-evs/article/3312930/xiaomis-ev-unit-become-profitable-year-ceo-lei-jun-says?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3312930/xiaomis-ev-unit-become-profitable-year-ceo-lei-jun-says?utm_source=rss_feed Tue, 03 Jun 2025 12:47:44 +0000 Yujie Xue Yujie Xue China’s electric vehicle (EV) makers have had a lot to contend with over the past week: slumping shares for market leader BYD, cooling sales and margins and a warning from authorities in Beijing amid a punishing price war. BYD’s Hong Kong-listed shares lost as much as 17 per cent of their market value, or HK$122.3 billion (US$15.6 billion), on Monday after falling to HK$378.20 from an all-time high of HK$477.80 on May 23. The company’s shares recovered 4 per cent on Tuesday. Analysts attributed... https://www.scmp.com/business/china-evs/article/3312883/china-evs-byd-triggered-price-war-raises-fears-evergrande-liquidity-crisis?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3312883/china-evs-byd-triggered-price-war-raises-fears-evergrande-liquidity-crisis?utm_source=rss_feed Tue, 03 Jun 2025 08:25:20 +0000 Ben Jiang Ben Jiang In Inner Mongolia, a convoy of haul trucks rumbles across the dusty, jagged terrain of the Yimin open-pit coal mine. It is a familiar scene in this part of northern China, home to some of the country’s biggest mineral deposits, but a closer look reveals a futuristic twist to this age-old trade: the vehicles operate without drivers. Yimin is one of the five largest open-cast coal mines in China. During peak season, it used to require about 300 trucks, operated by around 1,200 drivers working... https://www.scmp.com/tech/policy/article/3312442/future-mining-how-china-upgrading-traditional-industry-driverless-evs?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3312442/future-mining-how-china-upgrading-traditional-industry-driverless-evs?utm_source=rss_feed Sat, 31 May 2025 03:00:13 +0000 Yujie Xue Yujie Xue French carmaker Renault Group is using its Chinese development centre to design new models aimed at markets beyond Europe, a senior executive said, as the company seeks to cut production costs and accelerate development by applying insights from the mainland market. The company launched its Advanced China Development Centre (ACDC) in Shanghai last year, which employs around 200 people who are focused on developing electric vehicles (EVs) for the European market. “ACDC is growing into a very... https://www.scmp.com/business/banking-finance/article/3311710/renault-leverages-shanghai-development-centre-cars-aimed-markets-outside-europe?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3311710/renault-leverages-shanghai-development-centre-cars-aimed-markets-outside-europe?utm_source=rss_feed Sun, 25 May 2025 22:00:35 +0000 Yujie Xue Yujie Xue BYD sold more battery electric vehicles (BEVs) than market leader Tesla in Europe for the first time last month, as the Chinese carmaker continued to make inroads despite hefty tariffs on cars imported from the mainland. Shenzhen-based BYD, which also makes plug-in hybrids (PHEVs), sold 7,231 BEVs in April, a year-on-year increase of 169 per cent, according to data compiled by market research firm Jato Dynamics from 28 countries in Europe. Tesla’s sales fell 49 per cent to 7,165 units in the... https://www.scmp.com/business/china-evs/article/3311499/byd-overtakes-tesla-europe-first-time-battery-ev-sales-jump-169-april?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3311499/byd-overtakes-tesla-europe-first-time-battery-ev-sales-jump-169-april?utm_source=rss_feed Fri, 23 May 2025 05:01:43 +0000 Sylvia Ma Sylvia Ma The current frictions between China and the European Union over electric vehicles are not “existential”, with both sides looking to work more closely together on trade and the green transition to counteract the disruption unleashed by US President Donald Trump, a former EU trade negotiator said. “The Trump factor makes both Europe and China more keen now to see where they can cooperate,” John Clarke, former head of the EU Delegation to the World Trade Organization and the United Nations in... https://www.scmp.com/economy/china-economy/article/3311373/europes-clash-china-evs-not-existential-former-eu-official-says?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3311373/europes-clash-china-evs-not-existential-former-eu-official-says?utm_source=rss_feed Thu, 22 May 2025 09:30:09 +0000 Yujie Xue Yujie Xue Flying taxis could be used for public transport within the next five years on the mainland, according to a senior executive of Chinese passenger drone maker EHang Holdings. “I believe that by 2030, China will likely have fixed-route air shuttle services,” chief financial officer Conor Yang said in an interview on Tuesday. “It’s also possible that in some cities, with sufficient infrastructure such as take-off and landing points, air taxi services could emerge.” The Nasdaq-listed developer of... https://www.scmp.com/business/china-business/article/3311216/chinese-drone-maker-ehang-sees-flying-taxis-take-2030-mainland?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3311216/chinese-drone-maker-ehang-sees-flying-taxis-take-2030-mainland?utm_source=rss_feed Wed, 21 May 2025 23:30:08 +0000 Alice Li Alice Li China’s central government has directed state institutions and ministries to purchase more domestic electric vehicles (EVs), in the latest effort to promote environmentally friendly automobiles for official use. No specific target was mentioned, but Cui Dongshu, general secretary of the China Passenger Car Association, said the move showed the government’s backing for home-made EVs and that it could influence others to buy more of the vehicles. Still, Cui said the directive – published by state... https://www.scmp.com/economy/china-economy/article/3310926/china-directs-state-bodies-buy-more-home-made-evs-official-use?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3310926/china-directs-state-bodies-buy-more-home-made-evs-official-use?utm_source=rss_feed Mon, 19 May 2025 12:00:08 +0000 Yujie Xue Yujie Xue Mainland electric vehicle (EV) maker Leapmotor’s European production is expected to be moved to a Stellantis factory in Spain, Germany, Italy or Slovakia after the Dutch firm stopped making its Chinese partner’s cars in Poland earlier this year. Leapmotor and Stellantis were likely to make a decision on the matter in June or July, with the goal of commencing production around the middle of next year, said Michael Wu, Leapmotor’s co-president, in an interview on Monday. This was the first time... https://www.scmp.com/business/banking-finance/article/3310931/stellantis-relocating-chinese-ev-maker-leapmotors-european-production-poland?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3310931/stellantis-relocating-chinese-ev-maker-leapmotors-european-production-poland?utm_source=rss_feed Mon, 19 May 2025 09:45:15 +0000 Yujie Xue Yujie Xue Contemporary Amperex Technology Company (CATL), the world’s largest maker of electric vehicle (EV) batteries, aims to be a leading technology provider in China’s green energy sectors as it prepares to complete the world’s biggest stock offering so far this year. The group last year established CharGo to develop mobile storage and charging and testing robots for EVs to diversify its business. The robots can be used wherever EV charging piles or stations are lacking, fully occupied or out of... https://www.scmp.com/business/china-business/article/3310793/ev-battery-maker-catl-seeks-new-growth-clean-tech-ahead-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3310793/ev-battery-maker-catl-seeks-new-growth-clean-tech-ahead-hong-kong-listing?utm_source=rss_feed Sun, 18 May 2025 07:00:11 +0000 Ben Jiang Ben Jiang Chinese state-backed energy giant Huaneng Group on Thursday launched the world’s largest fleet of unmanned electric mining trucks in Inner Mongolia, featuring 100 vehicles equipped with Huawei Technologies’ autonomous driving systems, as the country rapidly adopts driverless technology. Li Shuxue, chairman of Huaneng Mengdong, a subsidiary of Huaneng Group, said the trucks – named Huaneng Ruichi – represent the world’s largest single deployment of driverless electric mining trucks. The... https://www.scmp.com/tech/big-tech/article/3310470/china-deploys-worlds-largest-fleet-driverless-mining-trucks-powered-huawei-tech?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3310470/china-deploys-worlds-largest-fleet-driverless-mining-trucks-powered-huawei-tech?utm_source=rss_feed Thu, 15 May 2025 11:00:12 +0000 Yujie Xue Yujie Xue Carmakers including BMW, Toyota and Mercedes-Benz are recalling a total of 69,793 vehicles in China due to potential safety risks, according to the market regulator, as authorities heighten safety oversight in the industry following a recent fatal crash involving a Xiaomi electric vehicle (EV). From June 25, BMW’s China unit would recall 26,766 domestically produced vehicles and 80 imported cars due to a defect in the power connector that could pose a fire hazard, the State Administration for... https://www.scmp.com/business/china-evs/article/3309861/bmw-toyota-mercedes-benz-recall-nearly-70000-vehicles-china-over-safety-concerns?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3309861/bmw-toyota-mercedes-benz-recall-nearly-70000-vehicles-china-over-safety-concerns?utm_source=rss_feed Sat, 10 May 2025 11:30:05 +0000 Yujie Xue,Daniel Ren Yujie Xue,Daniel Ren Carmakers and supply-chain players have overhauled their rhetoric around autonomous driving – make that “driver assistance” – at China’s largest auto show, emphasising safety following Beijing’s promise of closer scrutiny after a fatal crash involving a Xiaomi electric vehicle (EV). Although companies continue to showcase their latest vehicles and systems at the 10-day Shanghai auto show that kicked off on Wednesday, terms like “navigate on autopilot” (NOA) and “advanced driver assistance” have... https://www.scmp.com/business/china-business/article/3307812/chinese-carmakers-put-brakes-autonomous-driving-hype-shanghai-show?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307812/chinese-carmakers-put-brakes-autonomous-driving-hype-shanghai-show?utm_source=rss_feed Thu, 24 Apr 2025 12:37:26 +0000 Yujie Xue Yujie Xue Chinese autonomous-driving firm Pony.ai said it plans to expand its robotaxi services globally, taking advantage of the lower cost of production enabled by the nation’s leadership in the automotive industry. James Peng, chairman and CEO of Pony.ai, said the company’s robotaxis were 20 to 30 per cent cheaper than those from US rival Alphabet’s self-driving unit Waymo. “Our biggest advantage compared with companies like Waymo is that we’re much more integrated,” Peng told the Post during an... https://www.scmp.com/business/china-business/article/3307623/chinese-robotaxi-firm-ponyai-eyes-global-expansion-unveils-3-models-shanghai-car-show?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307623/chinese-robotaxi-firm-ponyai-eyes-global-expansion-unveils-3-models-shanghai-car-show?utm_source=rss_feed Wed, 23 Apr 2025 10:30:16 +0000 Yujie Xue Yujie Xue China’s energy-storage industry is facing a challenging outlook this year due to the escalating US-China trade war and weaker government support, prompting one industry group to caution against price competition. With exports to its biggest market in the US likely to be hit by higher tariffs, the nation’s producers are projected to trim their capital expenditure by 10 to 20 per cent this year, according to consultancy WaterRock Energy Economics. As a result, annual expansion of battery... https://www.scmp.com/business/china-business/article/3307462/chinas-troubled-energy-storage-sector-reels-price-war-tariff-blows?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307462/chinas-troubled-energy-storage-sector-reels-price-war-tariff-blows?utm_source=rss_feed Wed, 23 Apr 2025 01:30:17 +0000 Yujie Xue,Daniel Ren Yujie Xue,Daniel Ren Tesla’s second-straight absence from China’s largest auto show has given its domestic competitors an opportunity to stand out, with emerging players and innovative technologies set to further intensify the already cutthroat competition in the world’s largest electric vehicle (EV) market. More than 70 carmakers from 26 countries and regions are expected to gather at the Shanghai Auto Show from Wednesday to May 2, launching more than 100 new vehicle models during the two weeks, according to the... https://www.scmp.com/business/china-evs/article/3307492/chinese-ev-makers-take-spotlight-tesla-skips-shanghai-auto-show-third-time?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3307492/chinese-ev-makers-take-spotlight-tesla-skips-shanghai-auto-show-third-time?utm_source=rss_feed Tue, 22 Apr 2025 23:30:08 +0000 Yujie Xue Yujie Xue An organisation representing China’s biggest carmakers has urged its members to enhance driving safety and avoid exaggerating the capabilities of their self-navigating systems, following a fatal crash involving Xiaomi’s SU7 electric vehicle (EV) last month. Carmakers should improve product safety designs and develop effective warning systems to alert drivers, the China Association of Automobile Manufacturers (CAAM) said on Monday in a joint statement with the China Society of Automotive... https://www.scmp.com/business/china-evs/article/3307355/chinese-ev-makers-urged-boost-safety-self-driving-systems-after-xiaomi-crash?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3307355/chinese-ev-makers-urged-boost-safety-self-driving-systems-after-xiaomi-crash?utm_source=rss_feed Mon, 21 Apr 2025 22:30:08 +0000 Yujie Xue,Daniel Ren Yujie Xue,Daniel Ren Chinese carmakers are facing a dilemma as their plans to build overseas production facilities to overcome tariff blows in the US and European markets are being held back by authorities in Beijing for security and geopolitical reasons. China has delayed approvals for BYD and Geely Auto to produce cars in Brazil and Mexico, according to a Reuters report last week, with officials cautioning the electric vehicle (EV) producers about trade and investment risks arising from policies pursued by US... https://www.scmp.com/business/china-business/article/3306731/byd-geely-and-ev-peers-face-tariff-dilemma-beijing-delays-go-global-plans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3306731/byd-geely-and-ev-peers-face-tariff-dilemma-beijing-delays-go-global-plans?utm_source=rss_feed Wed, 16 Apr 2025 23:30:08 +0000 Yujie Xue Yujie Xue Chinese premium electric vehicle (EV) maker Xpeng introduced the latest version of its X9 multipurpose vehicle for the local market and aimed to launch it in Europe from July as part of its drive to quadruple its sales in export markets. The all-electric seven-seater vehicle will enter the mainland market with a starting price of 359,800 yuan (US$49,200), equipped with autonomous driving capabilities powered by its own artificial intelligence (AI) chip. Xpeng plans to take orders in Europe from... https://www.scmp.com/business/china-evs/article/3306665/xpeng-unveils-new-x9-aims-sell-mpv-europe-july-ceo-says?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3306665/xpeng-unveils-new-x9-aims-sell-mpv-europe-july-ceo-says?utm_source=rss_feed Tue, 15 Apr 2025 23:30:14 +0000 Sparks of optimism about Hong Kong’s electric vehicle (EV) market have been flying amid developments that have less to do with the cars than the systems for charging them. The city must plug into ways to develop charger and battery technology if it hopes to realise its plans for a strong green transport sector and build a reputation as an EV testing hub. The biggest jolt was supplied by mainland Chinese carmaker BYD, the world’s largest producer of hybrid and pure EVs. On March 18, the... https://www.scmp.com/opinion/comment/article/3304489/ev-makers-help-supercharge-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3304489/ev-makers-help-supercharge-hong-kong?utm_source=rss_feed Sun, 30 Mar 2025 22:30:13 +0000 Chinese companies are gearing up to redefine the future of transport, betting big on flying cars and robotaxis as competition in the world’s largest electric vehicle (EV) market intensifies. Premium EV maker Xpeng will invest 3 billion yuan (US$413 million) in the electric vertical take-off and landing (eVTOL) aircraft business this year, as the company sees flying cars a bigger industry than EVs over the next two decades, CEO He Xiaopeng said at the China EV100 forum in Beijing on... https://www.scmp.com/business/china-business/article/3304411/xpeng-bets-big-flying-cars-us413-million-investment-new-guangzhou-factory?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3304411/xpeng-bets-big-flying-cars-us413-million-investment-new-guangzhou-factory?utm_source=rss_feed Sat, 29 Mar 2025 07:51:38 +0000 Yujie Xue Yujie Xue Chinese electric-vehicle (EV) companies should speed up their “go global” push regardless of tariffs and barriers set in their path, a former government minister and industry insiders said at a forum on Friday. The country’s auto industry is still in the early stages of globalisation, as brand recognition remains low and carmakers lack overseas experience to react to the changing trade environment, keynote speaker Su Bo, former vice-minister of China’s Ministry of Industry and Information... https://www.scmp.com/business/china-evs/article/3304345/chinese-ev-makers-pressed-accelerate-global-expansion-amid-tariff-challenges?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3304345/chinese-ev-makers-pressed-accelerate-global-expansion-amid-tariff-challenges?utm_source=rss_feed Fri, 28 Mar 2025 12:00:25 +0000 Yujie Xue Yujie Xue Xpeng, a maker of premium electric vehicles (EVs), chose Hong Kong as its first stop outside mainland China to set up a self-branded supercharging station, as the industry’s ambition extends to charging technologies. On Friday, the company said it would partner with Malaysian car distributor Sime Darby to build its first charging station in Hong Kong’s Convention Square in Wan Chai. Xpeng would be the first mainland-based company to set up a self-branded supercharging network in the city, it... https://www.scmp.com/business/article/3303372/xpeng-sets-first-self-branded-ev-supercharging-station-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3303372/xpeng-sets-first-self-branded-ev-supercharging-station-hong-kong?utm_source=rss_feed Fri, 21 Mar 2025 10:15:17 +0000 Yujie Xue Yujie Xue Chinese electric vehicle (EV) maker Xpeng said the robotics industry will become larger than the automotive sector in the next few years, though it added that it might take a half-decade before humanoid robots are available in households. “Regarding robotics, I think it is probably going to be the biggest future industry, bigger than automotive in some ways because of the vast numbers and also the utility scenarios that can be deployed,” said Brian Gu Hongdi, Xpeng’s vice-chairman and... https://www.scmp.com/business/article/3303018/xpeng-says-robotics-industry-will-get-bigger-automotive-sector-next-few-years?utm_source=rss_feed https://www.scmp.com/business/article/3303018/xpeng-says-robotics-industry-will-get-bigger-automotive-sector-next-few-years?utm_source=rss_feed Wed, 19 Mar 2025 11:00:41 +0000 Coco Feng Coco Feng Foxconn Technology Group has begun construction of a global headquarters for its New Business Development Group, as the Apple contract manufacturer expands into the production of electric vehicles (EVs), batteries, semiconductors and robots. The facility in Zhengzhou, the capital of central Henan province where Foxconn runs the world’s largest iPhone factory, on Thursday hosted a groundbreaking ceremony attended by chairman and CEO Liu Young-way and provincial governor Wang Kai, according to a... https://www.scmp.com/tech/big-tech/article/3300553/foxconn-breaks-ground-new-headquarters-zhengzhou-it-expands-evs-and-more?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3300553/foxconn-breaks-ground-new-headquarters-zhengzhou-it-expands-evs-and-more?utm_source=rss_feed Fri, 28 Feb 2025 10:00:28 +0000 China’s market regulator has convened a meeting with leading solar, automotive and technology companies to address the vicious cycle of cutthroat competition that has been plaguing the sectors. The meeting – chaired by Meng Yang, a vice-minister from the State Administration for Market Regulation – brought together representatives from seven major firms: solar companies Trina Solar, JA Solar Technology and Longi Green Energy Technology; tech giants Alibaba Group and JD.com; and car makers BAIC... https://www.scmp.com/economy/china-economy/article/3300213/china-strives-end-vicious-price-wars-plaguing-several-industries?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3300213/china-strives-end-vicious-price-wars-plaguing-several-industries?utm_source=rss_feed Wed, 26 Feb 2025 08:33:17 +0000 Zhou Xin,Leopold Chen Zhou Xin,Leopold Chen China’s leading technology entrepreneurs, including Huawei Technologies founder Ren Zhengfei and Xiaomi founder Lei Jun, voiced their confidence in the country’s development prospects at a symposium chaired by President Xi Jinping this week. Ren, the face of China’s resilience against US hostilities in technology, told Xi that concerns had eased over China's lack of home-grown chips and operating systems – the “heart and soul” of modern technology – according to a report from the People’s Daily... https://www.scmp.com/tech/big-tech/article/3299599/what-did-chinas-tech-entrepreneurs-tell-xi-jinping-symposium?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3299599/what-did-chinas-tech-entrepreneurs-tell-xi-jinping-symposium?utm_source=rss_feed Fri, 21 Feb 2025 07:09:18 +0000 Yujie Xue Yujie Xue JPMorgan Chase has raised its price target for BYD by more than 60 per cent, as it expects China’s leading electric vehicle (EV) maker to deliver 6.5 million units globally by 2026 on the back of its rapid global expansion and roll-out of its self-driving system. The US investment bank on Thursday increased the target price for BYD’s Hong Kong and Shenzhen shares to HK$600 and 560 yuan, respectively, by June 2026, and reaffirmed its buy rating. “We expect 2026 to be an important strategic... https://www.scmp.com/business/china-evs/article/3299504/jpmorgan-boosts-byd-share-price-target-60-strong-growth-projections?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3299504/jpmorgan-boosts-byd-share-price-target-60-strong-growth-projections?utm_source=rss_feed Fri, 21 Feb 2025 00:30:08 +0000 Yujie Xue Yujie Xue Foreign carmakers are likely to see their market share in China shrink further this year as the brutal price war is expected to get worse, according to analysts. Overseas companies’ share of the mainland’s electric vehicle (EV) market could drop to 32 to 33 per cent this year from about 35 per cent last year, Valentin Mory, an analyst at French investment bank Natixis, said during a webinar on Wednesday. “The price war is only getting fiercer and is unlikely to falter in 2025,” said Mory. “What... https://www.scmp.com/business/china-evs/article/3299340/double-down-or-get-out-options-foreign-carmakers-china-amid-shrinking-share?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3299340/double-down-or-get-out-options-foreign-carmakers-china-amid-shrinking-share?utm_source=rss_feed Wed, 19 Feb 2025 23:30:08 +0000 Yujie Xue,Leopold Chen Yujie Xue,Leopold Chen Chongqing Changan Automobile’s electric vehicle (EV) brand Deepal became the latest mainland Chinese carmaker to use Hong Kong as a test market when it launched its S07 SUV on Thursday. The Chongqing-based company said it would partner with Dah Chong Hong Holdings, a leading Hong Kong car distributor, to sell the right-hand drive version of the S07 starting on Thursday. The S07 is available for sale under the Hong Kong government’s “one-for-one replacement scheme”, a subsidy for car owners to... https://www.scmp.com/business/china-evs/article/3298489/chinas-changan-launches-deepal-ev-brand-hong-kong-part-go-global-strategy?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3298489/chinas-changan-launches-deepal-ev-brand-hong-kong-part-go-global-strategy?utm_source=rss_feed Thu, 13 Feb 2025 06:00:48 +0000 Daniel Ren Daniel Ren China’s electric vehicle (EV) sales hit a speed bump at the start of 2025, heightening concerns about the profitability outlook for carmakers amid fierce price competition. Deliveries of pure electric and plug-in hybrid cars across mainland China plummeted 50 per cent to 206,000 units in the first 12 days of the year compared with the same period in December, according to the China Passenger Car Association (CPCA). The sharp decline follows a 42 per cent surge in sales last year, making evident... https://www.scmp.com/business/china-evs/article/3295318/chinas-ev-sales-stumble-line-2025-raising-profit-concerns-carmakers?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3295318/chinas-ev-sales-stumble-line-2025-raising-profit-concerns-carmakers?utm_source=rss_feed Sun, 19 Jan 2025 07:00:09 +0000 Wency Chen Wency Chen China’s surging electric vehicle (EV) output has ignited demand for automotive chips, but domestic firms remain reliant on foreign suppliers for more than 90 per cent of their needs, according to analysts and industry insiders. Officials from the Ministry of Industry and Information Technology (MIIT) and the Development Research Centre of the State Council have repeatedly underscored China’s low self-sufficiency in automotive semiconductors. “Currently, the self-sufficiency rate of automotive... https://www.scmp.com/tech/tech-war/article/3292988/china-struggles-build-car-chip-supply-chain-break-free-heavy-reliance-imports?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3292988/china-struggles-build-car-chip-supply-chain-break-free-heavy-reliance-imports?utm_source=rss_feed Wed, 01 Jan 2025 04:00:22 +0000