https://www.scmp.com/rss/522707/feed The latest news and top stories on Chen Jinzhu. As Chief Executive Officer of Shanghai Mingliang Auto Service, a consultancy specialising in automotive services, Chen Jinzhu is a prominent figure in China's dynamic car industry. Their role involves providing expert analysis and commentary on market trends, particularly within the electric vehicle (EV) sector. Chen Jinzhu frequently offers insights on the intense competition among carmakers, the impact of price wars and the ongoing technological... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 Daniel Ren Daniel Ren Major Chinese carmakers have cut their lengthy supplier payment cycles – previously used to offset costs and stay competitive in the country’s vast auto market – from nearly a year to less than 60 days, a government-backed industry consortium said, following heightened efforts from Beijing to police the cutthroat sector. The China Association of Automobile Manufacturers (CAAM) said in a statement on Thursday that the 17 assemblers it recently investigated took an average of 54 days to pay their... https://www.scmp.com/business/china-business/article/3343294/chinas-carmakers-cut-supplier-payment-cycles-amid-beijings-price-war-crackdown?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343294/chinas-carmakers-cut-supplier-payment-cycles-amid-beijings-price-war-crackdown?utm_source=rss_feed Thu, 12 Feb 2026 09:00:11 +0000 Daniel Ren Daniel Ren Tesla has spearheaded a new round of low-interest, long-term loans to spur electric vehicle (EV) sales in mainland China, prompting domestic rivals such as Nio and Xpeng to follow suit in a cutthroat market grappling with raw-material inflation. However, fresh competition in car financing – while better than another bruising discount war – may not be enough to shore up deliveries as consumers refrain from buying cars due to reduced government incentives. “All EV makers are facing a dilemma this... https://www.scmp.com/business/china-business/article/3342310/tesla-xiaomi-vie-chinese-ev-buyers-cheaper-longer-loans?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342310/tesla-xiaomi-vie-chinese-ev-buyers-cheaper-longer-loans?utm_source=rss_feed Wed, 04 Feb 2026 03:32:52 +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 Contemporary Amperex Technol­ogy Ltd (CATL), the world’s biggest maker of electric-vehicle batteries, is set to restart a major lithium mine in eastern China, in a move that could ease raw material costs for the EV supply chain. Jiemian News, a Shanghai-based financial outlet, reported that the Yichun mine in Jiangxi province was expected to receive regulatory approval to resume operations shortly before or after the nine-day Lunar New Year break, which begins on February 15. CATL declined to... https://www.scmp.com/business/china-evs/article/3337701/catl-poised-bring-yichun-lithium-output-back-online-after-licence-lapse?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3337701/catl-poised-bring-yichun-lithium-output-back-online-after-licence-lapse?utm_source=rss_feed Thu, 25 Dec 2025 08:04:08 +0000 Daniel Ren Daniel Ren Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, pledged to focus on the safety and reliability of its cars after its factory reached another milestone. Founder and CEO Lei Jun said on Thursday that Xiaomi had raised its full-year delivery target from 350,000 vehicles to 400,000 after ramping up production, but stressed that the quality of the SU7 sedan and YU7 SUVs would not be compromised. “We firmly believe that safety is a foundation and a priority,” he said... https://www.scmp.com/business/china-business/article/3333546/tesla-rival-xiaomi-reaffirms-safety-focus-after-raising-2025-sales-target-400000-units?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333546/tesla-rival-xiaomi-reaffirms-safety-focus-after-raising-2025-sales-target-400000-units?utm_source=rss_feed Thu, 20 Nov 2025 09:45:09 +0000 Daniel Ren Daniel Ren International brands led by Tesla are intensifying their efforts to compete with Chinese electric-vehicle (EV) manufacturers like BYD, as they showcase advanced intelligence and autonomous-driving technology to attract visitors at the world’s largest import-export trade fair in Shanghai. The 12 major carmakers, including General Motors and Volvo, are leveraging the China International Import Expo (CIIE), which runs through Monday, to promote their latest models featuring longer ranges, enhanced... https://www.scmp.com/business/companies/article/3332025/tesla-and-global-carmakers-race-against-chinese-ev-rivals-shanghai-import-expo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332025/tesla-and-global-carmakers-race-against-chinese-ev-rivals-shanghai-import-expo?utm_source=rss_feed Sun, 09 Nov 2025 02:00:14 +0000 Daniel Ren Daniel Ren Chinese electric-vehicle (EV) maker Li Auto has set up its international headquarters in Hong Kong, paving the way for its overseas expansion amid intensifying competition at home. The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto,... https://www.scmp.com/business/banking-finance/article/3329313/chinese-ev-maker-li-auto-eyes-global-market-hong-kong-headquarters?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329313/chinese-ev-maker-li-auto-eyes-global-market-hong-kong-headquarters?utm_source=rss_feed Fri, 17 Oct 2025 01:37:10 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) manufacturer Xiaomi is recalling more than one-third of its cars owing to flaws in its driver-assistance software, following a fatal accident involving one of its SU7 sedans about six months ago. A total of 116,877 fully electric SU7 vehicles produced between February 6, 2024, and August 30, 2025, would be recalled, according to a statement released by the State Administration for Market Regulation on Friday. The statement said that Xiaomi’s driver-assistance system... https://www.scmp.com/business/china-business/article/3326115/xiaomi-recalls-nearly-117000-su7-vehicles-after-fatal-crash-raises-safety-concerns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326115/xiaomi-recalls-nearly-117000-su7-vehicles-after-fatal-crash-raises-safety-concerns?utm_source=rss_feed Fri, 19 Sep 2025 07:00:09 +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 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 Daniel Ren Daniel Ren Electric vehicle (EV) makers from Tesla to Nio are shifting their focus from price cuts to developing spacious family friendly, long-range vehicles for the mainland Chinese market. The premium SUV segment has emerged as the new battlefront, as carmakers heed Beijing’s call to end a brutal price war and chase affluent consumers to improve their bottom line. Tesla, which plans to launch a six-seat Model Y on the mainland this autumn, has been overtaken by two major local rivals – Li Auto and Nio –... https://www.scmp.com/business/china-business/article/3320322/china-ev-war-tesla-nio-and-li-auto-target-mainland-families-premium-suvs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320322/china-ev-war-tesla-nio-and-li-auto-target-mainland-families-premium-suvs?utm_source=rss_feed Thu, 31 Jul 2025 23:30:08 +0000