https://www.scmp.com/rss/520992/feed Contemporary Amperex Technology Limited (CATL), founded in 2011 in Ningde city of Fujian province, is the world's largest manufacturer of lithium-ion batteries, used in a range of consumer products such as cellular phones, robots and drones, and electric vehicles. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Themis Qi,Daniel Ren Themis Qi,Daniel Ren A Ford Motor electric vehicle (EV) battery plant in the US state of Michigan, edging closer to inauguration, has shed light on global marques’ reliance on Chinese technologies to accelerate their EV transition amid US President Donald Trump’s state visit to Beijing. With trade and investment among the top issues on the agenda for the summit between Trump and President Xi Jinping, the US$3 billion facility, with a capacity of more than 400,000 EVs a year, has heightened expectations for similar... https://www.scmp.com/business/china-business/article/3353539/xi-trump-summit-ford-catl-battery-plant-shows-how-global-carmakers-need-chinas-prowess?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353539/xi-trump-summit-ford-catl-battery-plant-shows-how-global-carmakers-need-chinas-prowess?utm_source=rss_feed Thu, 14 May 2026 12:00:12 +0000 Xiaofei Xu Xiaofei Xu Chinese and US trade delegations meeting in South Korea today are expected to focus on locking in deliverables for this week’s summit in Beijing rather than engaging in substantive negotiations, analysts said, as both sides race through talks hours before US President Donald Trump’s planned arrival in China. The two teams, led by Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent, will meet in Seoul for one day, a departure from previous rounds that stretched over two days across... https://www.scmp.com/economy/china-economy/article/3353377/china-and-us-teams-race-find-easy-summit-deliverables-meeting-seoul?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3353377/china-and-us-teams-race-find-easy-summit-deliverables-meeting-seoul?utm_source=rss_feed Wed, 13 May 2026 04:59:47 +0000 Iris Deng Iris Deng Huawei Technologies’ little-known chip research lab has been thrust into the national spotlight as Beijing flexes its technology muscles ahead of US President Donald Trump’s visit to China later this week. The Chip Fundamental Technology Research Laboratory was featured for the first time on national television on Friday, when Huawei founder and CEO Ren Zhengfei hosted Vice-Premier Ding Xuexiang at the firm’s Lianqiu Lake campus in Shanghai, according to footage aired on China Central... https://www.scmp.com/tech/policy/article/3353161/huaweis-secretive-chip-lab-featured-prime-time-tv-ahead-trumps-trip-china?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3353161/huaweis-secretive-chip-lab-featured-prime-time-tv-ahead-trumps-trip-china?utm_source=rss_feed Mon, 11 May 2026 12:30:10 +0000 Daniel Ren Daniel Ren Profit trajectories between automotive assemblers and electric vehicle (EV) battery producers in China are set to diverge further due to lacklustre car sales and buoyant demand for energy-storage systems. Leading players, including China’s EV battery king Contemporary Amperex Technology Ltd (CATL), would continue to attract buying interest in their shares, spurred by improved profitability, according to analysts. They added that flat vehicle prices, coupled with a dip in new car sales, had... https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed Thu, 07 May 2026 01:00:08 +0000 Daniel Ren,Ben Jiang Daniel Ren,Ben Jiang China’s latest electric vehicle (EV) innovations – from ultra-fast battery charging to headlights capable of projecting films – have drawn strong attention at Beijing’s Auto China show, underscoring how the country’s automotive technology is pulling ahead of global rivals. As domestic carmakers and key suppliers recast vehicles as “mobile living spaces” powered by artificial intelligence and digital systems, they are increasingly looking beyond the mainland to drive export growth. “We are... https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed Fri, 01 May 2026 09:00:09 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s EV and battery makers race to cut charging times to under 10 minutes Battery makers and electric vehicle (EV) manufacturers have seized on the Beijing Auto Show to showcase technologies promising shorter charging times in a race triggered by BYD and Contemporary Amperex... https://www.scmp.com/business/china-evs/article/3351815/chinas-ev-makers-cut-charging-times-tesla-rival-li-autos-expansion-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351815/chinas-ev-makers-cut-charging-times-tesla-rival-li-autos-expansion-7-ev-reads?utm_source=rss_feed Wed, 29 Apr 2026 07:30:08 +0000 Themis Qi Themis Qi Battery makers and electric vehicle (EV) manufacturers have seized on the Beijing Auto Show to showcase technologies promising shorter charging times in a race triggered by BYD and Contemporary Amperex Technology Ltd (CATL). Fast-charging technology has dominated the floor at the 10-day event which runs until May 3. Second-tier Chinese battery suppliers including CALB Group, EVE Energy and Sunwoda unveiled products capable of boosting power to 70 per cent, from a starting point of 10 per cent,... https://www.scmp.com/business/china-evs/article/3351662/need-speed-chinas-ev-battery-makers-race-cut-charging-times-under-10-minutes?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351662/need-speed-chinas-ev-battery-makers-race-cut-charging-times-under-10-minutes?utm_source=rss_feed Tue, 28 Apr 2026 10:00:16 +0000 Mark Greeven Mark Greeven The US-Israel war on Iran is pushing up costs for factories around the world, including in China. However, it is also showing how much better positioned China is to weather the blow. As energy costs rise and supply chains come under strain, Chinese exporters are better placed than producers in Europe and Southeast Asia to withstand the shock, even as their own costs increase. China’s oil reserves and long-running investment in renewable energy offer a degree of insulation from the surge in... https://www.scmp.com/opinion/china-opinion/article/3351472/chinas-rivals-are-learning-wrong-lessons-about-its-resilience?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3351472/chinas-rivals-are-learning-wrong-lessons-about-its-resilience?utm_source=rss_feed Tue, 28 Apr 2026 08:30:09 +0000 Zhang Shidong Zhang Shidong Shares of Contemporary Amperex Technology Ltd (CATL) tumbled in Hong Kong on Tuesday following the announcement of a plan to raise HK$39.2 billion (US$5 billion) from a share placement to fund expansion of its renewables business amid a global oil crunch. The world’s largest manufacturer of batteries for electric vehicles and energy storage slumped 6.9 per cent to close at HK$629, the steepest decline since October 10, 2025. The company’s yuan-denominated shares held up relatively well, slipping... https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed Tue, 28 Apr 2026 01:42:18 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL) has taken a leap forward in commercialising sodium-ion batteries, signing a large supply contract with an energy-storage system (ESS) provider amid high demand for power infrastructure after the global oil shock. The world’s largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years in a landmark deal for the new battery... https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed Mon, 27 Apr 2026 13:16:17 +0000 Zhang Shidong Zhang Shidong An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup their... https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed Fri, 24 Apr 2026 02:00:15 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi This year’s Auto China, the world’s largest car show, is likely to mark a watershed for Chinese electric vehicle (EV) makers as they push dozens of new premium models into the spotlight, challenging European manufacturers such as BMW and Mercedes-Benz. Leading EV makers in mainland China, from BYD and Geely to Leapmotor and Nio, will showcase their latest models at the 10-day show, which starts in Beijing on Friday, having moved up the value chain through the rapid adoption of technological... https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed Thu, 23 Apr 2026 09:00:09 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL), the world’s largest electric vehicle (EV) battery producer, has unveiled its upgraded technologies – including lighter battery packs and faster charging modes – which are expected to accelerate the global automotive industry’s electrification drive. The company, which holds more than a 40 per cent share of the global market, aimed to set a healthy tone for the Chinese EV sector to implement its go-global strategy, focusing on constant technological... https://www.scmp.com/business/china-business/article/3350938/catl-drive-electrification-faster-charging-and-higher-performing-batteries?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350938/catl-drive-electrification-faster-charging-and-higher-performing-batteries?utm_source=rss_feed Wed, 22 Apr 2026 01:24:14 +0000 Yulu Ao Yulu Ao A long-standing pricing gap between the mainland China-listed and Hong Kong shares of dual-listed companies has narrowed – and in some cases reversed – as global investors re-rate China’s technology companies. The Hang Seng AH Premium Index, a widely watched gauge of the valuation gap between dual-listed companies’ A shares trading on mainland exchanges and their H shares in Hong Kong, has remained below 120 in recent sessions, down sharply from a high of 157.89 in February 2024. The shift has... https://www.scmp.com/business/china-business/article/3350886/premium-mainland-china-shares-erodes-or-flips-capital-flows-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350886/premium-mainland-china-shares-erodes-or-flips-capital-flows-hong-kong?utm_source=rss_feed Tue, 21 Apr 2026 10:30:07 +0000 Zhang Shidong Zhang Shidong Contemporary Amperex Technology Limited (CATL), the world’s largest producer of electric vehicle (EV) batteries, rallied to lift its market capitalisation above 2 trillion yuan (US$293.4 billion) after creating a subsidiary to manage its mining assets, signalling a deeper push into the energy storage business. Its Shenzhen-listed shares rose 5.3 per cent to 453.98 yuan on Thursday, At 2.07 trillion yuan, the company ranks as the mainland’s fifth-largest listed firm, Shanghai DZH data shows. Its... https://www.scmp.com/business/china-business/article/3350269/catl-market-cap-tops-us293-billion-shares-surge-mining-arm?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350269/catl-market-cap-tops-us293-billion-shares-surge-mining-arm?utm_source=rss_feed Thu, 16 Apr 2026 06:11:18 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL), China’s electric vehicle (EV) battery king, plans to earmark 30 billion yuan (US$4.4 billion) to establish a subsidiary to manage and expand mining assets, after the global energy shock paved the way for a quicker entry into the world’s automotive and energy storage system (ESS) markets. The investment arm, in line with CATL’s long-term growth strategy, would integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and... https://www.scmp.com/business/china-business/article/3350213/chinas-catl-invest-us44-billion-mining-arm-secure-ev-battery-supply-chain?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350213/chinas-catl-invest-us44-billion-mining-arm-secure-ev-battery-supply-chain?utm_source=rss_feed Wed, 15 Apr 2026 13:50:49 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot Tesla has regained the global pure electric vehicle (EV) crown for the first time since the fourth quarter of 2024, after its deliveries rose 6.5 per cent year on year in the three months ending March. 2.... https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed Wed, 15 Apr 2026 07:30:08 +0000 Themis Qi Themis Qi While China’s electric vehicle (EV) makers are struggling amid fierce competition, battery giant Contemporary Amperex Technology Ltd (CATL) is consolidating its dominance, building its profits while erecting technological barriers to increase its pricing power. Amid the oil crisis, CATL’s market capitalisation hit an all-time high of HK$2.7 trillion (US$345 billion) on Monday, after its shares rewrote records multiple times in both Shenzhen and Hong Kong, touching 433.33 yuan and HK$701,... https://www.scmp.com/business/china-evs/article/3349723/how-chinas-ev-battery-king-catl-powers-profits-while-ev-makers-struggle?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3349723/how-chinas-ev-battery-king-catl-powers-profits-while-ev-makers-struggle?utm_source=rss_feed Sun, 12 Apr 2026 23:00:13 +0000 Themis Qi Themis Qi The chairmen of China’s battery and solar giants have called for more top-down regulations to rein in cutthroat competition, warning that unchecked overcapacity is squeezing profits and threatening the industry’s stability. Despite tailwinds including the Middle East conflict that could increase demand for renewable products, overcapacity remains a major challenge for industry players. Zhang Tianren, chairman of Tianneng Holding Group – ranked second behind Contemporary Amperex Technology Ltd... https://www.scmp.com/business/climate-and-energy/article/3349627/chinas-battery-solar-bosses-urge-top-down-rules-overcapacity-clouds-industry-outlook?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3349627/chinas-battery-solar-bosses-urge-top-down-rules-overcapacity-clouds-industry-outlook?utm_source=rss_feed Sun, 12 Apr 2026 06:00:15 +0000 Zhang Shidong Zhang Shidong China will allow pre-profit technology companies to list on the ChiNext board in Shenzhen and introduce market makers to improve liquidity, as regulators step up efforts to bolster the mainland’s second-largest stock exchange and advance the country’s push for technological self-reliance. Under the new rules, emerging-industry companies with an estimated market value of at least 3 billion yuan (US$439 million) and revenue no less than 200 million yuan in the most recent financial year would be... https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed Fri, 10 Apr 2026 11:13:53 +0000 Daniel Ren Daniel Ren China’s leading battery makers have unveiled plans to add more than 600 gigawatt-hours (GWh) of new production capacity for the energy storage system (ESS) market in just the first two months of 2026, underscoring surging global demand for renewable energy infrastructure. The planned facilities – spanning major players from Contemporary Amperex Technology Ltd (CATL) to Gotion High-tech – amount to roughly 10 times the 58GWh of total capacity installed across the US in 2025. According to the GGII... https://www.scmp.com/business/china-business/article/3349550/china-throws-switch-battery-buildout-equal-10-times-us-capacity-2025?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349550/china-throws-switch-battery-buildout-equal-10-times-us-capacity-2025?utm_source=rss_feed Thu, 09 Apr 2026 12:40:44 +0000 Zhang Shidong Zhang Shidong Contemporary Amperex Technology Ltd, or CATL, plans to buy a 45 per cent stake in the parent of a Shenzhen-listed renewable-energy company, as the world’s biggest maker of lithium-ion batteries for electric vehicles seeks to expand its investments in green energy amid the global oil shock. CATL signed a framework agreement with two shareholders of Hangzhou Zhonhen Technology Investment on Wednesday, agreeing to pay 4.09 billion yuan (US$598.5 million) for the deal, Hangzhou Zhonhen Electric, the... https://www.scmp.com/business/china-business/article/3349465/catl-buys-45-stake-hangzhou-green-energy-company-us598-million?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349465/catl-buys-45-stake-hangzhou-green-energy-company-us598-million?utm_source=rss_feed Thu, 09 Apr 2026 07:05:49 +0000 Themis Qi Themis Qi German automotive giant Volkswagen will launch three new electric vehicle (EV) models in mainland China over the next two weeks, developed using technology from Chinese firms. The move comes at a time when international marques are struggling on the mainland amid fierce competition in the world’s largest car market. As the largest foreign carmaker in China, Volkswagen previously said that it would integrate Germany’s high manufacturing standards with technology developed by Chinese firms. “We... https://www.scmp.com/business/china-evs/article/3349457/volkswagen-tests-chinas-appetite-locally-developed-evs?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3349457/volkswagen-tests-chinas-appetite-locally-developed-evs?utm_source=rss_feed Thu, 09 Apr 2026 03:57:03 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) batteries are set to become safer and more powerful, as carmakers including SAIC Motor and Chery Automobile outline road maps for the commercialisation of solid-state technology. Solid-state batteries – which use a solid electrolyte to conduct ions between electrodes – are widely seen as a superior alternative to conventional lithium-ion batteries that rely on liquid or gel-based materials. Analysts say the technology promises higher energy density, improved safety... https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed Wed, 08 Apr 2026 08:00:08 +0000 Dannie Peng Dannie Peng For marketing manager Wang Yuan, who sells electric heavy-duty cargo trucks in the rugged landscapes of Xinjiang in western China, business is riding a new and powerful wave. The commercial vehicle company he works for is a major player in the domestic market. The lion’s share of its electric heavy trucks are destined for coal-rich provinces including Shanxi and Inner Mongolia, apart from Xinjiang itself. In Xinjiang alone, according to Wang, sales across all brands reached around 16,700 units... https://www.scmp.com/news/china/science/article/3348742/chinas-electric-truck-revolution-powerful-painkiller-iran-war?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3348742/chinas-electric-truck-revolution-powerful-painkiller-iran-war?utm_source=rss_feed Mon, 06 Apr 2026 07:00:08 +0000 Finbarr Bermingham Finbarr Bermingham Major powers are closely watching Hungary’s election next week – a vote seen as a referendum on Europe’s right and crucial for Chinese interests in the EU. Recent polls show self-styled “illiberal democrat” Viktor Orban’s Fidesz trailing challenger Peter Magyar’s Tisza Party by between 19 and 23 points among likely voters ahead of an election on Sunday that has been described as “Europe’s most consequential”. For China, Russia and the United States under President Donald Trump, an Orban defeat... https://www.scmp.com/news/china/diplomacy/article/3349109/orban-brink-could-hungarys-election-dent-chinas-influence-europe?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349109/orban-brink-could-hungarys-election-dent-chinas-influence-europe?utm_source=rss_feed Mon, 06 Apr 2026 04:00:08 +0000 Daniel Ren Daniel Ren China’s Ganfeng Lithium, the world’s largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure. Executives including president Wang Xiaoshen told an investors’ conference on Tuesday that the global decarbonisation drive had created a strong and sustainable trajectory for Ganfeng, which swung from loss to profit last... https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed Wed, 01 Apr 2026 07:00:21 +0000 Mia Nurmamat Mia Nurmamat China’s market regulator has told companies including electric vehicle maker BYD and battery giant Contemporary Amperex Technology Ltd (CATL) to compete healthily when expanding overseas, amid mounting accusations of unfair competition, subsidies and dumping levelled at Chinese companies in global markets. Chinese firms should standardise their competitive behaviour and “build a healthy competition ecosystem” in their overseas expansion, the State Administration for Market Regulation said in an... https://www.scmp.com/economy/china-economy/article/3348163/chinese-market-regulator-tells-firms-focus-healthy-competition-overseas?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348163/chinese-market-regulator-tells-firms-focus-healthy-competition-overseas?utm_source=rss_feed Fri, 27 Mar 2026 13:00:09 +0000 Themis Qi Themis Qi HSBC CEO Georges Elhedery has vowed to continue investing in China amid escalating trade tensions after witnessing new trade opportunities from Chinese companies going global. While attending the two-day China Development Forum (CDF) 2026 in Beijing on Sunday, Elhedery characterised China’s current trajectory as a “new phase of development” that would define the next era of global economic growth. Although 2025 saw steady growth in global trade, the landscape was complicated by shifting tariffs,... https://www.scmp.com/business/banking-finance/article/3347465/hsbc-vows-keep-investing-china-amid-global-tensions-new-trade-corridors-emerge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347465/hsbc-vows-keep-investing-china-amid-global-tensions-new-trade-corridors-emerge?utm_source=rss_feed Sun, 22 Mar 2026 06:27:09 +0000 Ann Cao Ann Cao As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. After a 900km (559-mile) journey at the end of last month’s Chinese New Year holiday, 24-year-old Ma... https://www.scmp.com/economy/china-economy/article/3347381/kunshan-chinas-foxconn-nerve-centre-old-tech-tries-learn-new-tricks?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347381/kunshan-chinas-foxconn-nerve-centre-old-tech-tries-learn-new-tricks?utm_source=rss_feed Sat, 21 Mar 2026 22:00:14 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Geely beats BYD sales in first 2 months of 2026 to become China’s top carmaker Geely Auto has gained the upper hand in mainland China’s intensifying automotive sector, as its diverse product line-up pays off after electric vehicle (EV) king BYD suffered a setback following partial... https://www.scmp.com/business/china-evs/article/3346983/chinas-geely-beats-byd-sales-catls-profit-surges-42-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346983/chinas-geely-beats-byd-sales-catls-profit-surges-42-7-ev-reads?utm_source=rss_feed Wed, 18 Mar 2026 07:30:08 +0000 Zhang Shidong Zhang Shidong Overseas expansion and a commodity boom have put Chinese companies trading on the mainland in a position to beat their offshore-listed peers in earnings, cementing the outperformance of yuan-denominated stocks since the outbreak of Middle East hostility. The 300 largest mainland-traded companies may post average 2025 profit growth of 6.3 per cent during the coming earnings season, while the growth rate for the firms in the Hong Kong exchange’s benchmark Hang Seng Index would be a mere 2 per... https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed Wed, 11 Mar 2026 23:30:08 +0000 Cao Li Cao Li Betting on rising global demand for energy storage, shares of Chinese lithium battery makers continued to rally on Wednesday, led by Contemporary Amperex Technology Ltd (CATL), which reported stronger-than-expected growth driven in part by its expansion into new energy storage markets. CATL shares surged more than 10 per cent to HK$608 during morning trading hours in Hong Kong on Wednesday – the highest level in five months – before closing 9 per cent higher at HK$599.50. That followed another 9... https://www.scmp.com/business/article/3346229/catl-profit-jump-fuels-hong-kong-battery-stocks-amid-global-energy-storage-boom?utm_source=rss_feed https://www.scmp.com/business/article/3346229/catl-profit-jump-fuels-hong-kong-battery-stocks-amid-global-energy-storage-boom?utm_source=rss_feed Wed, 11 Mar 2026 10:00:06 +0000 Cao Li Cao Li Hong Kong stocks fell on Wednesday as tech firms slid after Chinese authorities moved to curb the OpenClaw frenzy. The Hang Seng Index edged down 0.2 per cent to close at 25,898.76 after gaining as much as 0.7 per cent in the morning session. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index added 0.6 per cent and the Shanghai Composite Index gained 0.3 per cent. On Tuesday, China’s cybersecurity emergency response system warned of security and data risks tied to... https://www.scmp.com/business/markets/article/3346160/hong-kong-stocks-extend-rebound-proposed-release-oil-reserve-soothes-fears?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346160/hong-kong-stocks-extend-rebound-proposed-release-oil-reserve-soothes-fears?utm_source=rss_feed Wed, 11 Mar 2026 02:10:04 +0000 Cao Li,Zhang Shidong Cao Li,Zhang Shidong Slumping oil prices acted as a catalyst for Hong Kong stocks, with the benchmark posting its biggest rebound in two weeks, after US President Donald Trump signalled a possible end to the Iran war and China’s exports grew at the fastest pace in four years. The Hang Seng Index rallied 2.2 per cent to close at 25,959.90, its best single-day performance since February 23. The Hang Seng Tech Index surged 2.4 per cent. On the mainland, the CSI 300 Index rose 1.3 per cent and the Shanghai Composite... https://www.scmp.com/business/commodities/article/3346031/hong-kong-stocks-rebound-after-oil-falls-trump-says-iran-war-could-end-soon?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3346031/hong-kong-stocks-rebound-after-oil-falls-trump-says-iran-war-could-end-soon?utm_source=rss_feed Tue, 10 Mar 2026 02:27:46 +0000 Themis Qi Themis Qi Contemporary Amperex Technology Ltd (CATL) reported a 42 per cent jump in net profit last year to 72.2 billion yuan (US$10.4 billion) on strong battery sales and an expansion into new energy storage scenarios. The Chinese battery giant’s sales volume of lithium-ion batteries – a key component for electric vehicles (EVs) – reached 661 gigawatt hours (GWh), up 39 per cent from the previous year, according to a filing released on the Shenzhen Stock Exchange on Monday night. China’s EV industry... https://www.scmp.com/business/climate-and-energy/article/3346013/chinas-catl-profit-surges-42-battery-sales-and-expansion-boost-global-lead?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3346013/chinas-catl-profit-surges-42-battery-sales-and-expansion-boost-global-lead?utm_source=rss_feed Mon, 09 Mar 2026 14:01:09 +0000 Zhang Shidong,Ji Siqi Zhang Shidong,Ji Siqi China’s high-level policymakers have reiterated the need to defuse financial risks and root out political corruption, two of President Xi Jinping’s long-term priorities, in the run-up to this year’s ‘two sessions’ – the annual meetings of the country’s top legislature and political advisory body. In this series, we take stock of how those efforts have progressed, and what remains to be done. When the Dow Jones Industrial Average closed above 50,000 points for the first time in early February, US... https://www.scmp.com/economy/china-economy/article/3345708/chinas-vision-powerhouse-stock-market-its-slow-and-steady-over-boom-and-bust?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345708/chinas-vision-powerhouse-stock-market-its-slow-and-steady-over-boom-and-bust?utm_source=rss_feed Fri, 06 Mar 2026 22:00:13 +0000 Yulu Ao Yulu Ao The founder and chairman of Contemporary Amperex Technology Ltd (CATL) said his company plans to ramp up the use of artificial intelligence in research and take Chinese battery technology and standards further overseas, as the battery giant maps the next phase of growth. The world’s largest maker of electric vehicle (EV) batteries would step up research and development (R&D) spending and apply more AI methods to strengthen its technological edge, said billionaire Robin Zeng Yuqun at a briefing... https://www.scmp.com/business/china-business/article/3345432/chinas-ev-battery-leader-catl-step-use-ai-rd-founder-and-chairman-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345432/chinas-ev-battery-leader-catl-step-use-ai-rd-founder-and-chairman-says?utm_source=rss_feed Wed, 04 Mar 2026 10:33:14 +0000 Alex Lo Alex Lo US ambassador to Nato Matthew Whitaker must have mistaken China for his boss, Donald Trump. After all, it was the US president who kept saying he could end the war in Ukraine in 24 hours. Speaking at the Munich Security Conference last week, Whitaker claimed Beijing could stop Russia’s war in Ukraine in a day if it wanted to. “China could call Vladimir Putin and end this war tomorrow and cut off his dual-purpose technologies that they’re selling,” he said. “China could stop buying Russian oil... https://www.scmp.com/opinion/article/3343643/china-and-un-are-not-problem-ukraine-and-palestine-west?utm_source=rss_feed https://www.scmp.com/opinion/article/3343643/china-and-un-are-not-problem-ukraine-and-palestine-west?utm_source=rss_feed Sun, 15 Feb 2026 14:34:58 +0000 Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang Electric-vehicle battery maker Contemporary Amperex Technology (CATL), copper miner CMOC Group and gold jewellery retailer Laopu Gold will join the Hang Seng Index next month following the latest quarterly review, as the compiler of the city’s stock benchmark pushes ahead with its plan to boost the number of constituent stocks after Hang Seng Bank withdrew its listing status. The three companies will be added to the gauge after the market close on March 6. Chinese car dealer Zhongsheng Group was... https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed Fri, 13 Feb 2026 11:39:30 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Nio plans to add another 1,000 battery swapping stations to its network this year, adding to its US$2.6 billion bet on the technology despite a challenge from fast-charging batteries as it touts its 100 millionth swap. The company’s 3,729 stations allow owners of compatible Nio EVs to exchange a spent battery pack for a charged one in just three minutes, and most navigate the car into position automatically. Created to ease anxiety over range and slow... https://www.scmp.com/business/china-evs/article/3342899/chinas-nio-raises-us26-billion-bet-ev-battery-swapping-plans-add-1000-stations?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3342899/chinas-nio-raises-us26-billion-bet-ev-battery-swapping-plans-add-1000-stations?utm_source=rss_feed Mon, 09 Feb 2026 07:00:30 +0000 Xiaofei Xu Xiaofei Xu Spanish Prime Minister Pedro Sanchez is set to visit China later this year, as tensions with the United States prompt more European countries to rethink ties with Beijing. A source familiar with the talks said the two sides were discussing details of the trip. If it goes ahead, it will be Sanchez’s fourth to China in four years. Miguel Otero-Iglesias, a senior analyst at the Madrid-based Elcano Royal Institute, said the prime minister had suggested in the past that visits to China should be an... https://www.scmp.com/news/china/diplomacy/article/3342352/china-and-spain-talks-pm-pedro-sanchez-visit-beijing-again?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3342352/china-and-spain-talks-pm-pedro-sanchez-visit-beijing-again?utm_source=rss_feed Wed, 04 Feb 2026 08:55:44 +0000 Daniel Ren Daniel Ren Seven out of every 10 European companies operating in China were reviewing their supply chain strategies amid geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalisation efforts, according to a new survey. A survey of 324 corporate respondents conducted by the European Union Chamber of Commerce found that these firms aimed to strike a balance between cost efficiency and risk diversification, while building resilience in their supply... https://www.scmp.com/business/china-business/article/3341446/over-70-european-firms-china-review-supply-chain-strategies-survey?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341446/over-70-european-firms-china-review-supply-chain-strategies-survey?utm_source=rss_feed Tue, 27 Jan 2026 12:30:13 +0000 Daniel Ren Daniel Ren China could see its first flying car begin carrying paying passengers in 2026, as government backing and a growing pipeline of electric vertical take-off and landing (eVTOL) vehicle makers push the country’s “low-altitude economy” closer to commercial reality. Seven eVTOL manufacturers were expected to start delivering products before the end of this year, according to CCID Consulting. Local governments including Shanghai, Shenzhen and Chongqing are also preparing to loosen rules around... https://www.scmp.com/business/china-business/article/3340714/chinas-flying-car-makers-target-deliveries-year-passenger-flights-near-reality?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340714/chinas-flying-car-makers-target-deliveries-year-passenger-flights-near-reality?utm_source=rss_feed Wed, 21 Jan 2026 23:30:09 +0000 Enoch Yiu Enoch Yiu New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors have listed in Hong Kong, enabling them to scale their research and global impact,” wrote Bonnie Chan Yiting, CEO of HKEX, in an... https://www.scmp.com/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed Tue, 20 Jan 2026 11:15:06 +0000 Dewey Sim,Alyssa Chen Dewey Sim,Alyssa Chen China and Canada have embarked on a new strategic partnership, Canadian Prime Minister Mark Carney said in the Chinese capital on Friday as he announced a series of deals and suggested that Beijing was a “more predictable” partner than Washington. After talks with Chinese President Xi Jinping, Carney, whose four-day visit to China ends on Saturday, said the two countries made “significant progress” on key issues during a “historic and productive two days”. He said bilateral ties had been... https://www.scmp.com/news/china/diplomacy/article/3340103/carney-calls-china-canada-relationship-adapts-new-global-reality?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3340103/carney-calls-china-canada-relationship-adapts-new-global-reality?utm_source=rss_feed Fri, 16 Jan 2026 04:44:38 +0000 Lam Ka-sing Lam Ka-sing Thousands of passenger and cargo air taxis could be flying across Hong Kong within a decade as the low-altitude economy takes off, according to one of mainland China’s largest drone makers, which hopes to launch operations in the city. AutoFlight senior vice-president Kellen Tse told the Post the electric vertical take-off and landing (eVTOL) aircraft manufacturer plans to significantly expand in Hong Kong, potentially paving the way for its international headquarters in the city. Backed by... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3339203/thousands-passenger-cargo-drones-will-fill-hong-kong-skies-decade-expert-says?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3339203/thousands-passenger-cargo-drones-will-fill-hong-kong-skies-decade-expert-says?utm_source=rss_feed Thu, 08 Jan 2026 23:30:11 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL), the world’s largest maker of electric vehicle (EV) batteries, has intensified efforts to develop batteries with longer lifespans after deepening its partnership with carmaker Nio. The two companies said they were committed to finding solutions to an issue that could cost millions of EV users trillions of yuan to replace expired batteries. Under a five-year agreement, CATL and Nio would pursue new technologies aimed at extending the life cycle of EV... https://www.scmp.com/business/china-business/article/3338961/chinas-catl-nio-deepen-partnership-develop-ev-batteries-longer-lifespans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338961/chinas-catl-nio-deepen-partnership-develop-ev-batteries-longer-lifespans?utm_source=rss_feed Tue, 06 Jan 2026 13:45:05 +0000 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 Eunice Xu Eunice Xu Contemporary Amperex Technology (CATL), the world’s largest maker of electric vehicle batteries, has partnered with semiconductor developer Unigroup Guoxin Microelectronics to form a new automotive chip firm in Beijing. CATL-owned Wending Investment, Guoxin Micro subsidiary Tongxin Micro and five affiliates have agreed to establish Tongxin Micro Technology with a registered capital of 300 million yuan (US$43 million), according to a Thursday filing to the Shenzhen Stock Exchange. With its 153... https://www.scmp.com/tech/tech-trends/article/3337844/chinese-ev-battery-giant-catl-and-guoxin-micro-set-new-automotive-chip-firm?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3337844/chinese-ev-battery-giant-catl-and-guoxin-micro-set-new-automotive-chip-firm?utm_source=rss_feed Fri, 26 Dec 2025 13:00:15 +0000