https://www.scmp.com/rss/523947/feed The latest news and top stories on Li Xiang, a prominent Chinese entrepreneur. Known for his visionary leadership in the electric vehicle industry, he founded Li Auto in 2015, which listed on Nasdaq in 2020. His company specialises in extended-range electric vehicles, focusing on creating a "mobile home" concept with spacious family-oriented cars like the Li L9. Li Xiang previously founded Autohome, a successful auto news and services portal, demonstrating a long-standing expertise in the... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang China’s biopharmaceutical sector is seeing an uptick in deal-making, with sovereign wealth funds from Singapore and the United Arab Emirates joining Chinese state-backed investors to back next-generation drug developers. Shanghai-based Everest Medicines agreed to spend US$250 million to acquire a Singapore company holding rights to 14 chronic-disease treatments across the Asia-Pacific region, according to a stock exchange filing on Wednesday. Its Singapore unit will acquire 100 per cent of... https://www.scmp.com/business/banking-finance/article/3349390/china-biotech-flow-picks-everest-seals-us250-million-deal?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349390/china-biotech-flow-picks-everest-seals-us250-million-deal?utm_source=rss_feed Thu, 09 Apr 2026 00:30:08 +0000 Themis Qi Themis Qi Xiaomi’s updated SU7 electric vehicle (EV) is expected to bite into the market share of Tesla and some domestic rivals in China, as demand weakens and regulators tighten oversight. Founder and CEO Lei Jun on Thursday announced official pricing for the new-generation smart sedan, with the standard edition starting at 219,900 yuan (US$31,900) and the pro and max variants set at 249,900 yuan and 303,900 yuan, respectively. The figures are 10,000 yuan lower than pre-sale estimates, but 4,000 yuan... https://www.scmp.com/business/china-evs/article/3347259/xiaomis-new-generation-su7-launch-sparks-fresh-ev-fight-tesla-china?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3347259/xiaomis-new-generation-su7-launch-sparks-fresh-ev-fight-tesla-china?utm_source=rss_feed Fri, 20 Mar 2026 05:29:50 +0000 Mia Nurmamat Mia Nurmamat Xiaomi is doubling down on its five-year plan for core technologies including chips, artificial intelligence and operating systems, aiming to position itself as a deep-tech player amid China’s self-reliance push, while peers such as Li Auto and Xpeng accelerate moves into humanoid robotics. Lei Jun, founder, chairman and CEO of the Beijing-based smartphone and electric vehicle giant, on Tuesday said private technology firms must deepen investment in core technologies and speed up the... https://www.scmp.com/tech/big-tech/article/3344572/xiaomi-deepens-push-chips-and-ai-peers-race-humanoid-robotics?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3344572/xiaomi-deepens-push-chips-and-ai-peers-race-humanoid-robotics?utm_source=rss_feed Wed, 25 Feb 2026 07:29:56 +0000 He Huifeng He Huifeng Since 2020, Li Jiang, a veteran manufacturing entrepreneur from Guangdong, has been selling off his properties one by one – a move that once puzzled many of his friends. For decades, real estate had been the ultimate “anchor” for retirement planning and wealth transfer among China’s high-net-worth families. At his peak, Li concentrated much of his wealth in property, owning seven assets ranging from CBD apartments to high-end suburban villas. These were intended partly for retirement and partly... https://www.scmp.com/economy/china-economy/article/3337974/chinas-wealthy-swap-real-estate-insurance-gold-retirement-looms?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3337974/chinas-wealthy-swap-real-estate-insurance-gold-retirement-looms?utm_source=rss_feed Sun, 04 Jan 2026 03:00:11 +0000 Enoch Yiu Enoch Yiu Shenzhen Mindray Bio-Medical Electronics, China’s largest medical equipment maker, filed an application to list in Hong Kong on Monday, with brokers expecting the company to raise at least US$1 billion. The Shenzhen-listed company currently has a market capitalisation of 251.63 billion yuan (US$35 billion), making it one of the largest A-share firms to issue shares in Hong Kong. Mindray was seeking a Hong Kong listing “to advance our global strategic layout, establish an international capital... https://www.scmp.com/business/companies/article/3332292/chinas-top-medical-equipment-maker-mindray-could-raise-us1-billion-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3332292/chinas-top-medical-equipment-maker-mindray-could-raise-us1-billion-hong-kong-ipo?utm_source=rss_feed Tue, 11 Nov 2025 04:57:50 +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’s Shanghai factory deliveries hit record as Model Y variant woos buyers Tesla’s Shanghai Gigafactory saw a jump in deliveries last month, as its upgraded models struck a chord with wealthy Chinese consumers who favour spacious vehicles. 2. As China’s EV boom makes the EU anxious,... https://www.scmp.com/business/china-evs/article/3329048/chinas-ev-giants-head-overseas-teslas-shanghai-plant-boosts-deliveries-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3329048/chinas-ev-giants-head-overseas-teslas-shanghai-plant-boosts-deliveries-7-ev-reads?utm_source=rss_feed Wed, 15 Oct 2025 07:00:09 +0000 Julie Zhang Julie Zhang Chinese electric-vehicle maker Li Auto’s founder and CEO Li Xiang topped Hong Kong’s paid director ranking for 2024 with a total remuneration package of about HK$680 million (US$87.4 million). According to the latest director pay league table published by Webb-site on Sunday, the financial data platform founded by corporate governance activist David Webb, Li’s HK$679.78 million package was made up of HK$676.78 million in stock options and a HK$2.83 million base salary. The ranking table analysed... https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed Mon, 13 Oct 2025 04:46:07 +0000 Daniel Ren Daniel Ren Chinese carmaker Li Auto launched a pre-emptive strike against US rival Tesla by offering a new six-seat, fully electric SUV to affluent families on the mainland, as competition in the world’s largest automotive market continues to escalate. Beijing-based Li Auto, one of the only three profitable electric vehicle (EV) makers in mainland China, on Tuesday unveiled the Li i8 – built with autonomous driving technology and a digital cockpit – that would be priced from 321,800 yuan (US$44,889) to... https://www.scmp.com/business/china-business/article/3320044/li-auto-launches-six-seat-electric-suv-pre-emptive-strike-against-tesla-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320044/li-auto-launches-six-seat-electric-suv-pre-emptive-strike-against-tesla-china?utm_source=rss_feed Tue, 29 Jul 2025 23:30:13 +0000