https://www.scmp.com/rss/522560/feed Stellantis: A multinational automotive manufacturing corporation, headquartered in Hoofddorp, Netherlands, formed from the merger of Fiat Chrysler Automobiles and PSA Group. It produces a wide variety of vehicles, including electric vans, under 14 iconic brands, and offers financing and leasing services. Operating globally, with a strong presence across Europe, North and South America, and other regions, Stellantis holds second place in the EU29 car and LCV market and leads the European... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Dulue Mbachu Dulue Mbachu When Canada’s Prime Minister Mark Carney visited Beijing in January, US conservative podcaster Alex Jones accused him of bowing to China’s leadership. In Canada, the opposition Conservative Party was no less scathing in its criticism. Party leader Pierre Poilievre questioned how Carney went “from saying China was Canada’s ‘biggest security threat’ before the election to announcing a ‘strategic partnership’ with Beijing after the election”. But when Donald Trump visited China earlier this month,... https://www.scmp.com/news/china/diplomacy/article/3354875/why-us-and-canadian-conservatives-backed-trumps-china-trip-slammed-carneys?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3354875/why-us-and-canadian-conservatives-backed-trumps-china-trip-slammed-carneys?utm_source=rss_feed Tue, 26 May 2026 12:00:05 +0000 Themis Qi Themis Qi European automotive suppliers are set to benefit from an influx of Chinese carmakers, thanks to growing demand for electric vehicles (EVs) and persistent local protectionism, according to Vulcan Energy Resources, a lithium and renewable energy producer in Germany. Chinese EV makers – from BYD to Xpeng – are planning to aggressively expand into Europe in search of higher profit margins, even as Brussels advances measures to protect local manufacturing amid a slower pace of electrification. On... https://www.scmp.com/business/china-evs/article/3354764/chinese-ev-makers-expand-europe-are-local-automotive-suppliers-set-benefit?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3354764/chinese-ev-makers-expand-europe-are-local-automotive-suppliers-set-benefit?utm_source=rss_feed Mon, 25 May 2026 10:07:33 +0000 Daniel Ren Daniel Ren Peugeot and Jeep, owned by French-Italian automotive group Stellantis, have committed to fresh investments to build electric cars with its partner Dongfeng Motor, as more international marques join the fight against Chinese rivals in the world’s largest car market. Stellantis announced on Friday that four electric vehicles (EVs) under the two storied auto brands would roll off the production lines in 2027 as the European carmaker leverages Chinese technologies to assemble best-class cars for the... https://www.scmp.com/business/china-business/article/3353767/peugeot-jeep-take-chinese-rivals-new-models-using-local-ev-technologies?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353767/peugeot-jeep-take-chinese-rivals-new-models-using-local-ev-technologies?utm_source=rss_feed Fri, 15 May 2026 14:20:02 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) makers, from BYD to Leapmotor, are voraciously seeking out manufacturing assets in Europe as the global energy crisis creates surging demand for battery-powered vehicles. Their pursuit of idled European assembly facilities owned by big names like Stellantis and Volkswagen is disrupting the pecking order in the global automotive industry, as the Chinese carmakers’ design and manufacturing heft sees them morph into international players. “China’s EV assemblers are... https://www.scmp.com/business/china-business/article/3353722/chinese-ev-makers-hunt-idled-plants-europe-they-expand-global-influence?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353722/chinese-ev-makers-hunt-idled-plants-europe-they-expand-global-influence?utm_source=rss_feed Fri, 15 May 2026 09:50:14 +0000 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 Daniel Ren Daniel Ren The pace of electrification on western Europe’s roads is likely to fire up sales of Chinese-developed smart cars, where they could command a 20 per cent share of the regional market in 2028 at the expense of local peers, according to a JPMorgan forecast. Chinese carmakers from BYD, the world’s largest electric vehicle (EV) builder, to Stallentis-backed Leapmotor, were expected to deliver 2.5 million cars to customers in countries like Germany, Italy, France and the United Kingdom in 2028, a... https://www.scmp.com/business/china-business/article/3353170/chinese-smart-cars-set-control-20-western-european-market-2028-jpmorgan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3353170/chinese-smart-cars-set-control-20-western-european-market-2028-jpmorgan?utm_source=rss_feed Mon, 11 May 2026 11:56:52 +0000 Daniel Ren Daniel Ren Leapmotor, one of China’s strongest-performing electric vehicle (EV) makers this year, has taken a major step towards building cars locally for European customers after agreeing with shareholder Stellantis to add a line at a Spanish plant previously earmarked for Opel. The Hangzhou-based company and Stellantis, owner of Peugeot, Fiat and Jeep, would jointly build Opel’s new fully electric C-sport utility vehicles (SUVs) and B10 models at the Figueruelas plant in Zaragoza, according to a... https://www.scmp.com/business/china-business/article/3352948/chinese-ev-maker-leapmotor-taps-stellantis-spanish-plant-eu-production?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352948/chinese-ev-maker-leapmotor-taps-stellantis-spanish-plant-eu-production?utm_source=rss_feed Fri, 08 May 2026 13:40:59 +0000 Igor Patrick Igor Patrick China made Brazil its top global investment destination last year, pouring US$6.1 billion into the country across a record 52 projects. The figures come from the China-Brazil Business Council (CBBC), which released its annual report on Thursday. The 45 per cent jump in value from the previous year far outpaced the 4.8 per cent rise in total foreign investment into Brazil. It also dwarfed China’s worldwide outbound flows, which grew just 1.3 per cent. Brazil absorbed 10.9 per cent of all Chinese... https://www.scmp.com/news/china/diplomacy/article/3352676/china-pours-us61b-brazil-making-it-beijings-top-investment-worldwide-report?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352676/china-pours-us61b-brazil-making-it-beijings-top-investment-worldwide-report?utm_source=rss_feed Thu, 07 May 2026 14:30:05 +0000 Themis Qi Themis Qi Geely Automobile Holdings, Chery Automobile and BYD, the most profitable listed Chinese carmakers last year, all reported double-digit declines in net profit in the first quarter, highlighting a squeeze at home amid reduced purchase incentives. Hangzhou-based Geely, the country’s second-largest carmaker behind BYD, said in a filing on Wednesday that its net profit for the January-March period slid 27 per cent year on year to 4.17 billion yuan (US$610 million). The profit slump came even as... https://www.scmp.com/business/china-evs/article/3351886/geely-joins-chery-byd-profit-slide-reduced-incentives-decimate-china-car-sales?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351886/geely-joins-chery-byd-profit-slide-reduced-incentives-decimate-china-car-sales?utm_source=rss_feed Thu, 30 Apr 2026 00:30:08 +0000 Robin Hu Robin Hu Writing in Foreign Affairs, Tsinghua University’s Da Wei argued that China wants Europe to function as an independent pole in a changing global order, but that Europe lacks “a more independent soul”. He is half right. Europe has the assets for independence. What it lacks is the strategy. Europe and the United States face the same rival but carry different exposures. Since 2018, the US has cut its direct imports from China. Europe’s have grown harder to unwind. What appears to be decoupling is... https://www.scmp.com/opinion/china-opinion/article/3351632/facing-us-and-chinese-pressure-eu-must-forge-its-own-strategy?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3351632/facing-us-and-chinese-pressure-eu-must-forge-its-own-strategy?utm_source=rss_feed Tue, 28 Apr 2026 12:30:10 +0000 Themis Qi Themis Qi Three solid-state battery developers across China and the US are moving towards initial public offerings (IPOs), as geopolitical tensions and elevated oil prices fuel demand for more energy-efficient technologies. Qingtao (Kunshan) Energy Development Group became the latest to join the queue, filing for a Hong Kong listing on April 8. Earlier, Beijing WeLion New Energy began the pre-listing tutoring process ahead of a planned application to the Shenzhen Stock Exchange, while US-based Factorial... https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed Fri, 10 Apr 2026 01:30:17 +0000 Daniel Ren Daniel Ren Leapmotor, one of China’s strongest-performing electric vehicle (EV) makers this year, is accelerating its global push with a new innovation centre in Europe and plans for potential local assembly in Canada, as it looks to entrench production of its low-cost smart cars overseas. The Hangzhou-based carmaker, backed by Fiat owner Stellantis, has also raised its overseas sales target by 50 per cent, betting that higher fuel costs and easing trade barriers will bolster demand for Chinese-made... https://www.scmp.com/business/china-business/article/3348847/leapmotor-targets-global-growth-europe-rd-hub-eyes-canada-assembly?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348847/leapmotor-targets-global-growth-europe-rd-hub-eyes-canada-assembly?utm_source=rss_feed Fri, 03 Apr 2026 02:00:14 +0000 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 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal China’s electric vehicle (EV) king BYD posted its first annual profit drop in four years as it faced intensifying competition from domestic rivals in a cutthroat market. The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier, according to a filing to the Hong Kong and Shenzhen stock exchanges. That missed a consensus forecast of 35.4 billion yuan in a Bloomberg survey of analysts. Revenue grew 3.46 per cent to... https://www.scmp.com/business/china-business/article/3348207/byds-four-year-profit-run-ends-eyes-global-markets-next-engine-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348207/byds-four-year-profit-run-ends-eyes-global-markets-next-engine-growth?utm_source=rss_feed Fri, 27 Mar 2026 14:00:12 +0000 Themis Qi Themis Qi Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology’s exports jumped nearly 400 per cent last year, thanks to its partnership with European giant Stellantis, according to a filing to the Hong Kong stock exchange on Monday. The Hangzhou-based carmaker said it exported 67,052 units in 2025, the most among emerging Chinese EV makers. Leapmotor exported 13,726 units in 2024. The surge in exports was largely attributed to Leapmotor’s joint venture with Stellantis formed in May 2024,... https://www.scmp.com/business/china-evs/article/3346786/leapmotors-stellantis-tie-pays-ev-exports-jump-nearly-400-last-year?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3346786/leapmotors-stellantis-tie-pays-ev-exports-jump-nearly-400-last-year?utm_source=rss_feed Mon, 16 Mar 2026 12:59:05 +0000 Finbarr Bermingham Finbarr Bermingham The European Union’s ambitious industrial policy to challenge China has been gutted, removing AI, semiconductors and quantum computing from a list of strategic technologies that must be “made in Europe” to tap billions in government funds. Biotechnology and robotics are other cutting-edge sectors to be cut from the Industrial Accelerator Act (IAA) ahead of the proposal’s formal unveiling by the European Commission on Wednesday, a leaked draft showed. Plans to exclude non-EU-based producers from... https://www.scmp.com/news/china/diplomacy/article/3345311/eu-strips-ai-chips-and-quantum-industrial-plan-aimed-countering-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3345311/eu-strips-ai-chips-and-quantum-industrial-plan-aimed-countering-china?utm_source=rss_feed Tue, 03 Mar 2026 13:51:51 +0000 Daniel Ren Daniel Ren Geely Auto – assembler of mainland China’s bestselling pure electric vehicle (EV), the Galaxy Xingyuan – said it is betting on longer-range and faster-charging technologies, rather than price cuts, to consolidate its leading position in the world’s largest car market. Jerry Gan Jiayue, CEO of the firm’s car subsidiary, pledged that the carmaker, as a bellwether player, would “oppose involution”, while staying committed to driving the growth of China’s automobile sector. Involution refers to... https://www.scmp.com/business/china-business/article/3344489/chinese-ev-maker-geely-bets-longer-range-faster-charging-tech-over-another-price-war?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344489/chinese-ev-maker-geely-bets-longer-range-faster-charging-tech-over-another-price-war?utm_source=rss_feed Tue, 24 Feb 2026 11:47:39 +0000 Igor Patrick Igor Patrick Brazil has ended a temporary tariff exemption that allowed electric and hybrid vehicles assembled using imported parts from China to enter the country at sharply reduced costs, closing a measure that fuelled months of confrontation between the government, Chinese carmaker BYD and Brazil’s established automotive industry. The exemption expired on January 31 and was not renewed, the South China Morning Post confirmed with multiple sources on Wednesday. Companies such as BYD and Great Wall Motor... https://www.scmp.com/news/china/diplomacy/article/3342454/brazil-scraps-ev-tariff-break-china-carmaker-byd-amid-pressure-rivals?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3342454/brazil-scraps-ev-tariff-break-china-carmaker-byd-amid-pressure-rivals?utm_source=rss_feed Thu, 05 Feb 2026 03:32:30 +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 Xinmei Shen,Khushboo Razdan Xinmei Shen,Khushboo Razdan The White House’s top trade official has accused Beijing of “weaponising” its dominance in critical minerals, pledging that the US will use pricing, tariffs, and industrial policy to ensure its entire critical minerals supply chain is in the hands of America and its allies. Speaking at the Centre for Strategic and International Studies in Washington on Tuesday, US Commerce Secretary Howard Lutnick said the US needed to mine, process and refine critical minerals, and called on its allies to do... https://www.scmp.com/news/china/diplomacy/article/3342305/top-us-trade-official-spells-out-plan-break-chinas-grip-critical-minerals?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3342305/top-us-trade-official-spells-out-plan-break-chinas-grip-critical-minerals?utm_source=rss_feed Wed, 04 Feb 2026 02:13:26 +0000 Khushboo Razdan Khushboo Razdan Seeking to blunt China’s dominance over critical minerals that underpin hi-tech manufacturing, the administration of US President Donald Trump is rolling out a slate of measures this week aimed at reducing US reliance on Beijing. A White House official confirmed to the South China Morning Post that Trump has launched a US$12 billion public-private initiative to build a large commercial stockpile of critical minerals titled “Project Vault”. The project is being billed as a strategic reserve... https://www.scmp.com/news/us/economy-trade-business/article/3342151/trump-administration-unveil-12-billion-push-curb-chinas-grip-critical-minerals?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3342151/trump-administration-unveil-12-billion-push-curb-chinas-grip-critical-minerals?utm_source=rss_feed Mon, 02 Feb 2026 15:33:37 +0000 Daniel Ren Daniel Ren Tesla’s deliveries in China jumped to an all-time high in December, buoyed by a buying spree before the government withdrew part of a tax incentive. But the US carmaker is still facing an uphill battle to reclaim its once-secure lead in the world’s largest electric vehicle (EV) market amid a stern challenge from local rivals. In December, Tesla’s Gigafactory in Shanghai delivered about 94,000 Model 3 and Model Y vehicles to mainland Chinese customers, 13.4 per cent higher than the previous... https://www.scmp.com/business/china-business/article/3338842/teslas-china-sales-hit-monthly-record-ev-buyers-race-beat-tax-increase?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338842/teslas-china-sales-hit-monthly-record-ev-buyers-race-beat-tax-increase?utm_source=rss_feed Tue, 06 Jan 2026 02:27:32 +0000 Daniel Ren Daniel Ren Stellantis-backed Zhejiang Leapmotor Technology has become the first Chinese electric vehicle (EV) manufacturer to receive investment from a state-owned enterprise amid the strong popularity of its affordable intelligent cars. FAW Group, mainland China’s oldest carmaker, has agreed to acquire a 5 per cent stake in the Hong Kong-listed EV assembler for 3.74 billion yuan (US$534 million) by buying an additional 74.8 million shares at HK$55.29 apiece, according to a stock exchange filing by... https://www.scmp.com/business/china-evs/article/3338006/chinas-faw-buys-us534-million-stake-leapmotor-ev-firm-sees-deliveries-jump-2026?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3338006/chinas-faw-buys-us534-million-stake-leapmotor-ev-firm-sees-deliveries-jump-2026?utm_source=rss_feed Mon, 29 Dec 2025 07:31:46 +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 Chinese electric vehicle (EV) builders are increasingly shipping their cars abroad to spur international sales ahead of an expected downturn in their home market, analysts say, as Beijing phases out incentives such as tax holidays and cash subsidies. The carmakers, which can enjoy a net margin of 20,000 yuan (US$706) per vehicle by selling their cars outside mainland China, are rolling out more models and pushing into untapped territories to chase high profitability. Stellantis-backed Leapmotor,... https://www.scmp.com/business/china-business/article/3334300/chinese-ev-makers-step-gas-abroad-hedge-against-weaker-mainland-sales?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3334300/chinese-ev-makers-step-gas-abroad-hedge-against-weaker-mainland-sales?utm_source=rss_feed Thu, 27 Nov 2025 23:30:08 +0000 Daniel Ren Daniel Ren Chinese electric-vehicle (EV) makers are raising the game in the premium segment by launching more spacious and longer-range models to challenge Tesla, which has been steadily losing market share on the mainland. Stellantis-backed Leapmotor has become the latest to join the fray against Elon Musk’s Tesla, with founder and CEO Zhu Jiangming describing its decision to move up the value chain as a mission to offer consumers the best EVs at the best prices. “Leapmotor is able to launch higher-end... https://www.scmp.com/business/china-business/article/3329359/chinese-ev-makers-leapmotor-zeekr-challenge-tesla-premium-segment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329359/chinese-ev-makers-leapmotor-zeekr-challenge-tesla-premium-segment?utm_source=rss_feed Fri, 17 Oct 2025 06:00:15 +0000 Reuters Reuters President Donald Trump on Thursday took aim at a broad range of imported goods in announcing a new round of punishing tariffs, saying the US will impose 100 per cent duties on imported branded pharmaceutical drugs, 25 per cent tariffs on heavy-duty trucks and 50 per cent tariffs on kitchen cabinets. Trump has launched numerous national security investigations into potential new tariffs on a wide variety of products during his second term, casting a shadow over the global economic outlook and... https://www.scmp.com/news/world/united-states-canada/article/3326910/trump-impose-us-tariffs-heavy-trucks-furniture-and-kitchen-cabinets?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3326910/trump-impose-us-tariffs-heavy-trucks-furniture-and-kitchen-cabinets?utm_source=rss_feed Fri, 26 Sep 2025 00:59:04 +0000 Daniel Ren Daniel Ren China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are taking steps to adopt home-grown technologies like autonomous driving software and digital cockpit systems to grow... https://www.scmp.com/business/china-business/article/3326732/chinas-state-owned-car-giants-embrace-home-grown-tech-dominate-ev-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326732/chinas-state-owned-car-giants-embrace-home-grown-tech-dominate-ev-market?utm_source=rss_feed Thu, 25 Sep 2025 23:30:09 +0000 Daniel Ren Daniel Ren Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall. The US carmaker handed 57,152 Shanghai-made Model 3 and Model Y vehicles over to customers on the mainland last month, down 9.9 per cent from a year earlier, according to the China Passenger Car Association (CPCA). That meant Tesla’s losing streak has extended to six months in a row, despite its efforts to woo consumers away from rivals like Xpeng and Xiaomi with price cuts,... https://www.scmp.com/business/china-business/article/3324941/tesla-continues-its-skid-mainland-china-sales-and-market-share-fall?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324941/tesla-continues-its-skid-mainland-china-sales-and-market-share-fall?utm_source=rss_feed Tue, 09 Sep 2025 23:30:07 +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 Coco Feng Coco Feng Tesla is rolling out an upgraded voice assistant system for its electric vehicles (EVs) in mainland China, adopting artificial intelligence from DeepSeek and ByteDance to better engage with customers in the world’s largest automotive market. DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this... https://www.scmp.com/tech/tech-trends/article/3322813/tesla-upgrades-ev-voice-assistant-system-ai-deepseek-and-bytedance?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322813/tesla-upgrades-ev-voice-assistant-system-ai-deepseek-and-bytedance?utm_source=rss_feed Fri, 22 Aug 2025 23:00:09 +0000 Daniel Ren Daniel Ren FAW Group, mainland China’s oldest carmaker, plans to acquire a 10 per cent stake in Stellantis-backed electric vehicle (EV) maker Leapmotor, as the state-owned automotive giant looks to enhance its competitiveness in the segment, according to Cailian, a Shanghai-based financial news outlet. The investment would pave the way for the two companies to jointly develop new EV models, fine-tune supply-chain management and bolster overseas expansion, the report said. Leapmotor declined to comment,... https://www.scmp.com/business/china-business/article/3322527/faw-chinas-oldest-carmaker-eyes-10-leapmotor-boost-stake-ev-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3322527/faw-chinas-oldest-carmaker-eyes-10-leapmotor-boost-stake-ev-surge?utm_source=rss_feed Wed, 20 Aug 2025 11:00:08 +0000 Xiaofei Xu Xiaofei Xu The European Union is facing growing calls to act against Beijing’s dominance over rare earth supply chains, highlighting persistent tensions just weeks before the coming EU-China summit. “Europe faces dual coercion: Trump’s tariffs and more threateningly, China’s strategic chokehold on rare earth exports,” said Bart Groothuis, MEP for Renew Europe, a centrist group in the European Parliament led by French President Emmanuel Macron’s Renaissance party. “This is not collateral damage from the... https://www.scmp.com/economy/global-economy/article/3317683/chinas-rare-earth-export-curbs-spark-eu-concerns-ahead-beijing-summit?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3317683/chinas-rare-earth-export-curbs-spark-eu-concerns-ahead-beijing-summit?utm_source=rss_feed Thu, 10 Jul 2025 08:00:12 +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 BYD expands car-carrier fleet to bolster EV exports amid furious domestic competition BYD, the world’s largest electric vehicle (EV) maker, has taken delivery of two new car-carrying ships – the largest yet in a growing fleet – as it bets on export growth to counter brutal... https://www.scmp.com/business/china-evs/article/3315752/byd-expands-car-carrier-fleet-teslas-robotaxi-vs-baidus-apollo-go-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3315752/byd-expands-car-carrier-fleet-teslas-robotaxi-vs-baidus-apollo-go-7-ev-reads?utm_source=rss_feed Wed, 25 Jun 2025 07:00:11 +0000