https://www.scmp.com/rss/519746/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 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 Sam Beltran Sam Beltran As Southeast Asia accelerates into electric vehicle manufacturing, industry leaders in the Philippines say their country risks falling behind neighbours that have moved quickly to support the sector, with policy uncertainty raising doubts about Manila’s commitment to long-term growth. Those concerns sharpened last month when President Ferdinand Marcos Jnr vetoed 92.5 billion pesos (US$1.56 billion) in unprogrammed appropriations from the 2026 national budget, a move that also swept up funding... https://www.scmp.com/week-asia/economics/article/3341865/philippines-falling-behind-ev-race-southeast-asia-revs?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3341865/philippines-falling-behind-ev-race-southeast-asia-revs?utm_source=rss_feed Sun, 01 Feb 2026 05:00:08 +0000 Mia Nurmamat Mia Nurmamat The European Union has surpassed the United States as the economy with the most serious trade disputes with China, driven by conflicts over semiconductor materials, rare earth magnets and other strategic sectors, according to a Chinese trade body. A monthly index released on Wednesday by the China Council for the Promotion of International Trade (CCPIT), a semi-official Beijing-based organisation, found that in November 2025 – the last month tracked – the EU ranked as China’s top source of trade... https://www.scmp.com/economy/global-economy/article/3341698/eu-overtakes-us-chinas-top-source-trade-disputes-new-data-shows?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341698/eu-overtakes-us-chinas-top-source-trade-disputes-new-data-shows?utm_source=rss_feed Thu, 29 Jan 2026 10:00:26 +0000 Brian Rhoads,Neil Denslow Brian Rhoads,Neil Denslow The European Union resolved a long-running dispute with China over electric vehicle (EV) production subsidies by opening a way for carmakers to avoid tariffs. Duties will be waived if car companies set minimum prices “adequate to eliminate the injurious effects of the subsidies”, the European Commission said on Monday (see SCMP Quick Digest). Investment plans in the EU and possible limits on import volumes will also be among factors weighed by officials considering pricing proposals. All offers... https://www.scmp.com/plus/article/3339728/china-eu-deal-evs-marks-rare-agreement-frosty-relations?utm_source=rss_feed https://www.scmp.com/plus/article/3339728/china-eu-deal-evs-marks-rare-agreement-frosty-relations?utm_source=rss_feed Tue, 13 Jan 2026 09:00:57 +0000 Xiaofei Xu,Ji Siqi Xiaofei Xu,Ji Siqi China has slapped provisional anti-subsidy fees of up to 42.7 per cent on European producers of certain dairy products, including various types of cheese and cream, Beijing’s Ministry of Commerce announced on Monday. Chinese investigators made a “preliminary determination” – following a 16-month investigation – that the European Union provided “substantial subsidies” to the milk and dairy products industry “through programmes such as the common agricultural policy” and caused “material injury”... https://www.scmp.com/economy/global-economy/article/3337356/china-slaps-tariffs-eu-cheese-and-cream-amid-trade-row?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3337356/china-slaps-tariffs-eu-cheese-and-cream-amid-trade-row?utm_source=rss_feed Mon, 22 Dec 2025 12:00:17 +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 Xiaofei Xu Xiaofei Xu French President Emmanuel Macron has called on Chinese companies to invest in France and transfer know-how in emerging sectors like batteries, electric vehicles (EVs) and solar panels – highlighting growing concerns over the widening technological gap between the two countries. “We want to welcome more Chinese investment through projects and re-industrialisation strategies, and this is what will allow us to break the cycle we’re currently in,” he said on Thursday in Beijing, where he attended a... https://www.scmp.com/economy/global-economy/article/3335217/macron-urges-chinese-firms-invest-france-eu-tech-gap-widens?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3335217/macron-urges-chinese-firms-invest-france-eu-tech-gap-widens?utm_source=rss_feed Thu, 04 Dec 2025 13:00:15 +0000 Natalie Chung Sum Yue Natalie Chung Sum Yue The Cop30 UN climate change conference in Belem, Brazil, concluded with a package of decisions that champions implementation and finance, yet its success is nuanced, marked by both institutional progress and political compromises over the core issue of fossil fuels. The conference, framed as the “implementation Cop” by the Brazilian presidency, turned attention away from purely text negotiations to implementing action. The world is grappling with the complex realities of executing a systemic... https://www.scmp.com/opinion/world-opinion/article/3334252/how-cop30-laid-bare-new-geopolitics-climate-action?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3334252/how-cop30-laid-bare-new-geopolitics-climate-action?utm_source=rss_feed Fri, 28 Nov 2025 12:30:10 +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 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 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 Yujie Xue Yujie Xue Chinese electric vehicle (EV) manufacturer BYD is targeting first-time buyers in Hong Kong with the launch of a competitively priced car model, building on its recent ascension as the local market leader, overtaking Tesla. On Friday, the Shenzhen-based carmaker introduced the Atto 2, a fully electric right-hand-drive compact SUV priced at HK$169,800 (US$21,630) after tax in Hong Kong. Equipped with BYD’s proprietary blade battery packs, the Atto 2 has a range of up to 410km (254 miles) on a... https://www.scmp.com/business/china-evs/article/3321260/byd-challenges-tesla-more-affordable-atto-2-suv-targeting-first-time-ev-buyers?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3321260/byd-challenges-tesla-more-affordable-atto-2-suv-targeting-first-time-ev-buyers?utm_source=rss_feed Fri, 08 Aug 2025 11:50:22 +0000 Yujie Xue,Daniel Ren Yujie Xue,Daniel Ren Electric vehicle (EV) makers in China, the world’s biggest market, are increasingly targeting Europe and emerging markets amid price wars and overcapacity at home, and tariff barriers in North America. China’s auto exports grew 23 per cent last year to 6.4 million units, aided by a 28 per cent jump in shipments to Russia and Belarus, and a 61 per cent surge in the Middle East, according to AlixPartners. Turkey and Mexico are also among China’s five fastest-growing export markets, including for... https://www.scmp.com/plus/article/3320779/chinas-ev-makers-look-overseas-growth?utm_source=rss_feed https://www.scmp.com/plus/article/3320779/chinas-ev-makers-look-overseas-growth?utm_source=rss_feed Tue, 05 Aug 2025 07:10:08 +0000 Igor Patrick Igor Patrick Brazil announced a compromise in a dispute between Chinese EV maker BYD and traditional carmakers on Thursday, granting the company a short-term tariff break while moving forward with hikes that will hit it more aggressively in the long run. The decision was reached in a closed-door session of the Chamber of Foreign Trade (Camex) on Wednesday but not released publicly until Thursday. It follows weeks of heavy lobbying on both sides, with carmakers warning of mass lay-offs and BYD accusing rivals... https://www.scmp.com/news/china/article/3320341/brazil-grants-byd-exemption-ev-tariff-hike-not-long-sought?utm_source=rss_feed https://www.scmp.com/news/china/article/3320341/brazil-grants-byd-exemption-ev-tariff-hike-not-long-sought?utm_source=rss_feed Thu, 31 Jul 2025 17:46:20 +0000 Igor Patrick Igor Patrick Brazil’s government is facing mounting pressure as it decides on a request from Chinese carmaker BYD to reduce import tariffs for a year on semi-assembled electric and hybrid vehicles. The proposal, now under review by the Chamber of Foreign Trade, or Camex, has sparked a wave of opposition from global carmakers and regional governors who warn it could undermine Brazil’s industrial base and lead to job losses. The Camex panel, which was meeting on Wednesday, was expected to render a decision... https://www.scmp.com/news/article/3320197/brazil-debates-tariff-break-byd-opponents-warning-lay-offs-and-investment-freeze?utm_source=rss_feed https://www.scmp.com/news/article/3320197/brazil-debates-tariff-break-byd-opponents-warning-lay-offs-and-investment-freeze?utm_source=rss_feed Wed, 30 Jul 2025 19:37:02 +0000 Associated Press Associated Press US President Donald Trump took to social media on Thursday morning to support Elon Musk’s car company, a startling development given their bitter public feud. ”I want Elon, and all businesses within our Country, to THRIVE,” Trump posted. The post was not enough to help Tesla’s stock, which fell sharply after the company reported another quarter of lacklustre financial results and Musk warned of some potentially “rough quarters” into next year. The stock fell 8.2 per cent and is now down more... https://www.scmp.com/news/world/united-states-canada/article/3319508/trump-offers-surprise-support-musk-tesla-stock-plunges?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3319508/trump-offers-surprise-support-musk-tesla-stock-plunges?utm_source=rss_feed Thu, 24 Jul 2025 17:23:00 +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 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,Victoria Bela,Dannie Peng Yujie Xue,Victoria Bela,Dannie Peng China, the biggest maker of batteries for electric vehicles (EVs) and energy storage, is in a leading position in the new race to develop two new technologies – sodium-ion batteries and solid-state. The new technologies hold out the promise of lower costs, higher capacity and less fire risk than traditional lithium-ion batteries, which could boost adoption of EVs and renewable energy sources. Energy-storage batteries are vital in managing fluctuating power supplies from weather-dependent solar... https://www.scmp.com/plus/article/3317638/china-plugs-next-generation-batteries?utm_source=rss_feed https://www.scmp.com/plus/article/3317638/china-plugs-next-generation-batteries?utm_source=rss_feed Thu, 10 Jul 2025 07:00:07 +0000 Bochen Han Bochen Han The US Congress is poised to bar companies with ties to China from gaining clean energy tax credits – a move that critics warn could jeopardise dozens of planned projects and freeze investment in a sector already struggling to decouple from the country. After an overnight series of amendment votes, the Senate on Tuesday passed its version of the One Big Beautiful Bill Act – which would also remove the decades-old “de minimis” trade rule that allows low-value packages to avoid duties and rigorous... https://www.scmp.com/news/china/article/3316559/us-senate-passing-trump-bill-bars-clean-energy-tax-credits-firms-ties-china?utm_source=rss_feed https://www.scmp.com/news/china/article/3316559/us-senate-passing-trump-bill-bars-clean-energy-tax-credits-firms-ties-china?utm_source=rss_feed Tue, 01 Jul 2025 17:33:28 +0000 Mia Nulimaimaiti Mia Nulimaimaiti Chinese plug-in hybrid electric cars are rapidly flooding the European market, with exports to the bloc rising an extraordinary 600 per cent year on year in May as China’s brands take advantage of an exemption in European Union tariffs. The trend is part of a wider boom in sales of Chinese passenger plug-in hybrid electric vehicles (PHEVs), with China’s overall exports of the cars soaring 127 per cent year on year in May, according to data released on Monday by the China Automobile Dealers... https://www.scmp.com/economy/china-economy/article/3315797/chinas-plug-hybrid-exports-spike-wake-eu-tariff-exemption?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315797/chinas-plug-hybrid-exports-spike-wake-eu-tariff-exemption?utm_source=rss_feed Wed, 25 Jun 2025 10:00:20 +0000 Finbarr Bermingham Finbarr Bermingham In a soulless conference room in Brussels in November, officials and experts from around Europe and the United States were locked in a technical debate over a cryptic bit of economic jargon: global non-market overcapacity. Beneath the geography-free legalese so common in Brussels, China was undoubtedly the subject. The conference, organised by the European Commission, was designed to thrash out solutions to the problem of overcapacity in China’s economy and the second-order effects Europe... https://www.scmp.com/news/china/diplomacy/article/3315106/overcapacity-economic-buzzword-fuelling-europes-clash-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3315106/overcapacity-economic-buzzword-fuelling-europes-clash-china?utm_source=rss_feed Thu, 19 Jun 2025 22:00:07 +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 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 Finbarr Bermingham Finbarr Bermingham In a gleaming white technology campus half an hour’s drive north of Barcelona, Josep Maria Gomes wants to turbocharge an already thriving partnership between Spain and China. His job at TecnoCampus, a hybrid facility housing a university and business and technology park in the city of Mataro, is to connect local start-ups with cutting-edge tech innovations. More and more these days, he sees these coming from China. “In sectors like cybersecurity, Internet of Things, sensory robotics and... https://www.scmp.com/news/china/diplomacy/article/3312873/tale-two-cities-why-china-appears-so-different-when-viewed-barcelona-and-prague?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3312873/tale-two-cities-why-china-appears-so-different-when-viewed-barcelona-and-prague?utm_source=rss_feed Tue, 03 Jun 2025 15:00:08 +0000 DigiTimes DigiTimes Taiwan’s Foxconn Technology Group expects robust growth over the next three years in its artificial intelligence (AI), information technology and electric vehicle (EV) businesses, as the world’s largest contract electronics manufacturer expands partnerships with Japanese carmakers ahead of potential governance changes. At the company’s annual shareholder meeting on Thursday, chairman Young Liu outlined the three pillars driving expansion for the Apple supplier, which assembles most of the... https://www.scmp.com/tech/big-tech/article/3312385/foxconn-chairman-expects-robust-revenue-growth-ai-evs-despite-us-tariff-uncertainty?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3312385/foxconn-chairman-expects-robust-revenue-growth-ai-evs-despite-us-tariff-uncertainty?utm_source=rss_feed Fri, 30 May 2025 03:45:09 +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 Finbarr Bermingham Finbarr Bermingham Eyebrows raised and brow furrowed into a puzzled smile, French President Emmanuel Macron held a model of a cleanly sculpted, sheer white truck. To his left, Wen Han, a 35-year-old Chinese entrepreneur, beamed through thick, black-rimmed glasses. In Macron’s hand was a miniature Windrose electric lorry, its sleek, forward-leaning nose and central driving position evoking science fiction more than the gritty world of road haulage. The Chinese company, founded by Han just three years ago, announced... https://www.scmp.com/news/china/diplomacy/article/3311672/job-creator-or-industry-killer-europes-ev-sector-faces-chinese-investment-dilemma?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3311672/job-creator-or-industry-killer-europes-ev-sector-faces-chinese-investment-dilemma?utm_source=rss_feed Sun, 25 May 2025 08:00:15 +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 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,Daniel Ren Yujie Xue,Daniel Ren Lower tariffs on Chinese goods are likely to keep auto-parts exports relatively attractive for American buyers, prompting mainland-based producers to reassess their plans to build production facilities in the US. The US agreed to lower its combined 145 per cent tariffs on most Chinese imports to 30 per cent for 90 days after talks in Geneva on Monday, cooling a stand-off between the world’s two biggest economies since US President Donald Trump rolled out his so-called reciprocal tariffs on the... https://www.scmp.com/business/banking-finance/article/3310061/tariff-flux-clouds-chinese-car-parts-makers-overseas-expansion-plans?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3310061/tariff-flux-clouds-chinese-car-parts-makers-overseas-expansion-plans?utm_source=rss_feed Tue, 13 May 2025 23:30:07 +0000 Danielle Popov,Daniel Ren Danielle Popov,Daniel Ren China’s car shipments are projected to cool this year due to geopolitical tensions following two years of rapid growth, while US tariffs will saddle the nation’s auto industry with an additional US$46 billion in export costs, according to management consultancy AlixPartners. Auto exports would climb by about 4 per cent to 6.7 million units in 2025, the firm said in a report on Thursday. Shipments grew 23 per cent last year to 6.4 million units after producers boosted sales to Russia and Belarus... https://www.scmp.com/business/china-evs/article/3307786/chinese-ev-makers-boost-exports-russia-middle-east-counter-us-europe-tariffs-report?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3307786/chinese-ev-makers-boost-exports-russia-middle-east-counter-us-europe-tariffs-report?utm_source=rss_feed Thu, 24 Apr 2025 23:30:17 +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,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 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 Beijing has urged the European Union (EU) to become a pillar of the multilateral trade system by resolving its anti-subsidy case targeting Chinese electric vehicles (EVs) amid global economic uncertainty stemming from US tariff policies. On Saturday, Commerce Minister Wang Wentao said it was important to properly resolve the dispute to send a clear and positive signal to the world, given a complex international situation marked by unilateralism and protectionism. He made the comments while... https://www.scmp.com/economy/article/3303499/china-urges-eu-resolve-ev-anti-subsidy-case-and-send-positive-signal-amid-uncertainty?utm_source=rss_feed https://www.scmp.com/economy/article/3303499/china-urges-eu-resolve-ev-anti-subsidy-case-and-send-positive-signal-amid-uncertainty?utm_source=rss_feed Sun, 23 Mar 2025 04:50:16 +0000 Chinese shipyards are building large new car transport vessels at an unprecedented pace as China looks to gain greater control over global shipping and help electric vehicle makers such as BYD drive forward their overseas expansion. The latest hulking ship – capable of carrying 8,600 cars – was reportedly assembled and delivered in just 200 days by Shanghai Waigaoqiao Shipbuilding Co, with the company delivering the new vessel on Thursday. The nearly 200-metre-long ro-ro – or “roll on/roll off”... https://www.scmp.com/economy/china-economy/article/3303357/china-building-new-ships-record-pace-turbocharge-its-car-exports?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3303357/china-building-new-ships-record-pace-turbocharge-its-car-exports?utm_source=rss_feed Fri, 21 Mar 2025 12:00:08 +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 Yujie Xue Yujie Xue Worldwide sales of electric vehicles (EVs) surged in February, driven mostly by a 76 per cent growth in China even as Europe and the United States erected import barriers to stem the domination of made-in-China marques. Global sales of battery-powered EVs and hybrids jumped to 1.2 million units in February, 50 per cent more than last year, according to data compiled by Rho Motion. About three-quarters of those took place in China, where purchases soared 87 per cent from last year, according to... https://www.scmp.com/business/china-evs/article/3302051/global-ev-sales-soared-february-chinas-market-kept-its-growth-pace-76-surge?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3302051/global-ev-sales-soared-february-chinas-market-kept-its-growth-pace-76-surge?utm_source=rss_feed Wed, 12 Mar 2025 05:51:25 +0000 Yujie Xue Yujie Xue Sitting in his lavish living room in Almaty, Kenges Rakishev – one of the wealthiest men in Kazakhstan – gets excited about electric vehicles (EVs), saying he drives a Zeekr and his father-in-law owns a Hongqi. The two Chinese auto brands are just a small part of his automotive menagerie, but the chairman of the Fincraft Group – with businesses in oil and gas, metals mining and processing – plans to add more to his collection. The 45-year-old just visited China in February, where he had the... https://www.scmp.com/business/china-business/article/3301654/why-tycoon-kazakhstan-wants-partner-china-ride-overwhelming-ev-wave?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3301654/why-tycoon-kazakhstan-wants-partner-china-ride-overwhelming-ev-wave?utm_source=rss_feed Sun, 09 Mar 2025 23:30:11 +0000 Yujie Xue Yujie Xue Chinese miners have accelerated their investments in critical mineral projects overseas to support electric vehicle (EV) adoption and clean energy development, as Beijing seeks to secure more minerals amid geopolitical tensions. “Our long-term strategy is focused on key technologies that promote a low-carbon future,” said Xu Jiqing, the chairman of MMG, in an interview on Wednesday. “China’s urbanisation is far from over and the global trend towards decarbonisation is growing, as well as the... https://www.scmp.com/business/china-business/article/3301361/cleantech-mineral-security-demand-drive-china-miners-overseas-buying-spree-mmg-chair?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3301361/cleantech-mineral-security-demand-drive-china-miners-overseas-buying-spree-mmg-chair?utm_source=rss_feed Thu, 06 Mar 2025 13:15:34 +0000