https://www.scmp.com/rss/519745/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 Fan Hou Fan Hou - https://www.scmp.com/plus/economy/china-economy/article/3347946/evs-lead-chinas-going-global-push?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3347946/evs-lead-chinas-going-global-push?utm_source=rss_feed Thu, 26 Mar 2026 05:01:34 +0000 Carol Yang Carol Yang Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year. “The closure of the Strait of Hormuz could be a game-changer for EVs,” said David Brown, director of energy transition research at Wood Mackenzie, in a report released on Friday. The “eye-watering” 50 per cent surge in global oil prices so far this month would further incentivise... https://www.scmp.com/economy/china-economy/article/3347583/why-iran-war-could-be-game-changer-evs-and-chinas-car-industry?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347583/why-iran-war-could-be-game-changer-evs-and-chinas-car-industry?utm_source=rss_feed Tue, 24 Mar 2026 01:00:16 +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 Zhu Wenqian Zhu Wenqian Several years ago, prime ground-floor spaces in major shopping malls across Beijing and Shanghai’s business districts were commonly occupied by electric vehicle (EV) showrooms, with staff often escorting customers to car parks for test drives. Many of these stores have now closed amid sluggish EV sales – yet mall owners have not been left disappointed. Instead, a new retail landscape is emerging, filled with tenants who are proving to be even more effective at drawing crowds and boosting rental... https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed https://www.scmp.com/business/article/3346537/china-mall-shuffle-evs-exit-whos-filling-ground-floor-showrooms?utm_source=rss_feed Sun, 15 Mar 2026 04:00:12 +0000 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 SCMP Style Reporter SCMP Style Reporter New versions of cars can sometimes be a little underwhelming – a slightly modified silhouette here, a few tweaks to the trim there. And then there’s the new BMW iX3, which doesn’t so much relaunch the vehicle as completely rewrite its design language, dramatically upgrading everything from aesthetics to electronics to sustainability. The car – the BMW iX3 50 xDrive – is the newest battery electric version of the company’s X3 compact luxury crossover SUV. But where the model it updates, the G08,... https://www.scmp.com/magazines/style/lifestyle/leisure/article/3345495/style-edit-bmw-ix3-rewrites-ev-rule-book-range-and-sustainability?utm_source=rss_feed https://www.scmp.com/magazines/style/lifestyle/leisure/article/3345495/style-edit-bmw-ix3-rewrites-ev-rule-book-range-and-sustainability?utm_source=rss_feed Mon, 09 Mar 2026 02:00:10 +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 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 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 Coco Feng Coco Feng Owning a white vehicle in China may mean lower car insurance premiums because it is less likely to get in an accident, according to an executive from SunCar Technology Group, which uses artificial intelligence from ByteDance to personalise services. “This is what we found based on our massive data,” said SunCar chief strategy officer Breaux Walker in an interview with the South China Morning Post. Other factors also affect premiums, including car usage, commuting routes and driving habits.... https://www.scmp.com/tech/article/3343034/white-cars-cheaper-insurance-how-ai-changing-automotive-services-china?utm_source=rss_feed https://www.scmp.com/tech/article/3343034/white-cars-cheaper-insurance-how-ai-changing-automotive-services-china?utm_source=rss_feed Wed, 18 Feb 2026 08:00:09 +0000 Themis Qi,Daniel Ren Themis Qi,Daniel Ren China has banned carmakers from selling new vehicles for less than it costs to make them, including through discounts and subsidies, as regulators continue trying to smother a persistent price war that has sent hopes of profitability up in smoke for most producers. In “pricing guidance” released on Thursday, the State Administration for Market Regulation (SAMR) listed a series of tactics that would result in below-cost pricing for new vehicles, warning that carmakers using any of them would face... https://www.scmp.com/business/china-evs/article/3343429/beijing-warns-carmakers-stop-killing-your-profitability-hopes-selling-below-cost?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3343429/beijing-warns-carmakers-stop-killing-your-profitability-hopes-selling-below-cost?utm_source=rss_feed Fri, 13 Feb 2026 05:38:09 +0000 Daniel Ren Daniel Ren Tesla’s falling car deliveries and declining profitability on the mainland have not stopped its Chinese electric-car rivals from imitating the US firm’s transition into an artificial intelligence entity. Xpeng, Li Auto and Nio, dubbed as Tesla challengers over the past decade, have taken similar steps to diversify into emerging technologies and position themselves for the future of transport. These Chinese firms are now building next-generation vehicles, flying cars, robots and chips to create... https://www.scmp.com/business/china-business/article/3341771/how-teslas-ai-shift-prompting-chinese-wannabes-expand-tech-offerings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341771/how-teslas-ai-shift-prompting-chinese-wannabes-expand-tech-offerings?utm_source=rss_feed Fri, 30 Jan 2026 04:49:50 +0000 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 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 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 Xiaofei Xu Xiaofei Xu Spain’s ambitious multi-billion-euro plan to become Europe’s leading player in the electric vehicle market presents a golden opportunity for Chinese car brands, which could be vital to the strategy’s success, according to analysts. The Spain Auto 2030 Plan, presented by Madrid on Wednesday, seeks to mobilise government funding to provide consumer subsidies, support the construction of charging stations and help the Spanish car industry – which drives about 10 per cent of the country’s economic... https://www.scmp.com/economy/china-economy/article/3335595/spains-ambitious-electric-car-plan-presents-opening-china-analysts-say?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3335595/spains-ambitious-electric-car-plan-presents-opening-china-analysts-say?utm_source=rss_feed Mon, 08 Dec 2025 07:58:26 +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 Victoria Bela Victoria Bela Chinese scientists have reduced the production time of dielectric energy storage capacitor components to just one second, enabling scalable, temperature-stable storage for hybrid electric vehicles, radar systems and high-power lasers. Unlike other methods that can take from three minutes to an hour depending on the product quality, the team’s flash annealing technique heats and cools at a rate of 1,000 degrees Celsius per second, allowing for rapid synthesis of crystal films on a silicon wafer... https://www.scmp.com/news/china/science/article/3333662/1-hour-1-second-chinese-team-slashes-laser-weapon-and-ev-part-production-time?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3333662/1-hour-1-second-chinese-team-slashes-laser-weapon-and-ev-part-production-time?utm_source=rss_feed Sun, 23 Nov 2025 12:00:10 +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 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 Cao Li Cao Li Increased innovation could alleviate “involution” in China – the cutthroat, low-quality price competition in sectors ranging from electric vehicles (EVs) to food delivery that Beijing has been combating, according to David Siegel, co-founder and co-chairman of hedge fund Two Sigma. “I think that the areas where you are getting excessive competition are, in a sense, things that are somewhat more commoditised,” Siegel said last week on the sidelines of the third Family Business Summit in Hong... https://www.scmp.com/business/china-business/article/3332181/innovation-key-curbing-chinas-cutthroat-involution-two-sigma-co-founder-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332181/innovation-key-curbing-chinas-cutthroat-involution-two-sigma-co-founder-says?utm_source=rss_feed Tue, 11 Nov 2025 00:30:08 +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 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 Daniel Ren Daniel Ren Global electric vehicle (EV) sales hit a record last month, buoyed by Chinese consumers’ growing interest in new models and the rising popularity of battery-powered cars in Europe. Worldwide September deliveries of pure-electric cars and plug-in hybrids jumped 24 per cent from a year earlier to 2.1 million units – breaking 2 million for the first time and topping the previous record of 1.9 million in December, according to London-based consultancy Rho Motion. The figure represented 20 per cent... https://www.scmp.com/business/china-business/article/3329143/global-ev-sales-hit-monthly-record-21-million-62-chinese-made?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329143/global-ev-sales-hit-monthly-record-21-million-62-chinese-made?utm_source=rss_feed Wed, 15 Oct 2025 11:53:40 +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 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 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 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 Alice Li Alice Li China’s auto industry is likely to sell more than 40 million vehicles per year over the next five years – including 10 million to the overseas market – as the sector still has “vast potential” for growth, according to an industry insider. The estimate by Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), indicates that China’s auto industry – already the world’s top exporter in volume terms – could see overseas sales nearly double by 2030. Cui acknowledged in an... https://www.scmp.com/economy/china-economy/article/3326561/china-will-be-exporting-10-million-cars-year-2030-association-forecasts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3326561/china-will-be-exporting-10-million-cars-year-2030-association-forecasts?utm_source=rss_feed Tue, 23 Sep 2025 14:00:17 +0000 Julie Zhang,Daniel Ren Julie Zhang,Daniel Ren Hesai Group, the world’s largest maker of automotive lidar sensors, plans to double down on production capacity amid a bullish global outlook for intelligent cars after raising HK$4.2 billion (US$531 million) in a Hong Kong share offering. Chief financial officer Andrew Fan said after the Shanghai-based company’s trading debut on Tuesday that the quality and affordability of Hesai’s light detection and ranging sensors – which employ laser beams to measure distances to objects – would effectively... https://www.scmp.com/business/china-business/article/3325715/chinese-lidar-maker-hesai-pour-hong-kong-listing-proceeds-expanding-production?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325715/chinese-lidar-maker-hesai-pour-hong-kong-listing-proceeds-expanding-production?utm_source=rss_feed Tue, 16 Sep 2025 23:30:09 +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 BYD, the world’s largest electric vehicle (EV) maker, is doubling down on its expansion in Europe, opening more showrooms and launching new models as its growth slows in China. The Shenzhen-based company, which counts Warren Buffett’s Berkshire Hathaway as a minority shareholder, plans to operate 2,000 outlets across the continent in 2026, up from a projected 1,000 by the end of this year, according to Stella Li, an executive vice-president. Speaking at the IAA Mobility car show in Munich on... https://www.scmp.com/business/china-business/article/3324856/byd-ramps-showroom-openings-targets-production-europe-offset-slowdown-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324856/byd-ramps-showroom-openings-targets-production-europe-offset-slowdown-china?utm_source=rss_feed Tue, 09 Sep 2025 07:00:09 +0000 Daniel Ren Daniel Ren Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses in the second quarter, as discounts helped to encourage more buyers to ditch their oil-guzzling vehicles for battery-driven cars. Nio’s second-quarter loss narrowed by 26 per cent... https://www.scmp.com/business/markets/article/3324232/chinas-ev-marques-must-redouble-deliveries-coming-months-meet-2025-break-even-goal?utm_source=rss_feed https://www.scmp.com/business/markets/article/3324232/chinas-ev-marques-must-redouble-deliveries-coming-months-meet-2025-break-even-goal?utm_source=rss_feed Thu, 04 Sep 2025 00:30:07 +0000 Bloomberg Bloomberg China’s carmakers are readying a new crop of hybrid and electric vehicles (EVs) for Europe, using next week’s Munich car show to kick off the next phase of their expansion in the region. BYD, Xpeng and Zhejiang Leapmotor Technology are among manufacturers showing off new models at the IAA Mobility 2025 expo, moving to broaden their lineups and extend gains made in recent years. Their push into Europe is intensifying as an EV price war rages at home, while the lucrative US market is practically... https://www.scmp.com/business/china-evs/article/3323925/chinese-carmakers-gear-munich-show-ev-competition-heats-home?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3323925/chinese-carmakers-gear-munich-show-ev-competition-heats-home?utm_source=rss_feed Mon, 01 Sep 2025 09:22:06 +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 He Huifeng He Huifeng China has released a breakdown of the subsidy settlements for new-energy vehicle (NEV) companies from 2016 to 2020, along with the allocation plan for 2021 to 2022, and the data helps illustrate how the industry landscape shifted during those years. According to data released by the Ministry of Industry and Information Technology (MIIT) earlier this month, over the seven years from 2016 to 2022, subsidies gradually moved from traditional state-owned enterprises to leading carmakers and emerging... https://www.scmp.com/economy/china-economy/article/3322666/china-reveals-past-ev-subsidies-tesla-state-giants-where-did-money-go?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3322666/china-reveals-past-ev-subsidies-tesla-state-giants-where-did-money-go?utm_source=rss_feed Thu, 21 Aug 2025 11:30:09 +0000 Igor Patrick Igor Patrick Chinese electric vehicle giant BYD registered a local unit as a car manufacturer, a possible hint that the world’s biggest EV maker could soon start producing vehicles in South America’s third-largest auto market. The filing, registered with the country’s Justice Ministry, authorises BYD Auto Argentina SAU not only to import and sell cars but also to manufacture and maintain vehicles, batteries and auto parts. Essentially, the registration allows operations across the EV supply and service... https://www.scmp.com/news/china/article/3322430/argentina-registration-chinas-byd-hints-local-car-production?utm_source=rss_feed https://www.scmp.com/news/china/article/3322430/argentina-registration-chinas-byd-hints-local-car-production?utm_source=rss_feed Tue, 19 Aug 2025 20:43:18 +0000