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Electric & new energy vehicles

Electric & new energy vehicles
Latest news, in-depth features and opinion on electric & new energy vehicles, with a particular focus on China.
CATL’s advanced battery module technology is displayed at the Auto China show in Beijing that ended on May 3. Photo: China News Service/VCG via Getty Images
Automotive industry

China’s EV battery giants thrive while carmakers’ profits shrink amid price wars

Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.

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Hong Kong economy

Hong Kong to ban new EVs with only electronic door handles

Middle East

From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets

Hong Kong economy

Letters | Support for Hong Kong business should not stop at fuel subsidies

Readers call for more relief measures to help SMEs cushion the energy price shock, dismiss talk of a fur comeback, and highlight the income inequalities in climate adaptation.

A motorcycle drives past the petrol price display board outside a petrol station in Causeway Bay, Hong Kong, on April 10. Photo: Jelly Tse
Diplomacy

Opinion | How China-Gulf ties can turn energy vulnerability into sustainability

Hormuz tensions are a reminder to start building a better, more sustainable energy order before the next crisis hits; Hong Kong can help.

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Autonomous vehicles

Chinese start-up ZYT eyes semi-autonomous truck production this year

DJI spin-off is providing autopilot systems to six manufacturers, as fuel-saving abilities gain importance amid oil supply shock.

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US-China relations

Exiting China market a ‘self-inflicted wound’ for US tech, think tank warns

ITIF argues that regional sales help finance domestic R&D and block local rivals, while warning that a full exit would be a self-inflicted wound to innovation leadership.

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Visitors take pictures and videos of a human-like robot head on display at the Humanoid Robots Industry Base in Beijing’s Shougang Park on April 28. Photo: AP
China-EU relations

Opinion | ‘Made in Europe’ law sets stage for an economic showdown with China

The proposed legislation is seen as discriminatory to China and could also hurt Chinese interests in non-EU European states.

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Automotive industry

BYD, Geely benefit from overseas orders amid Middle East energy shock

Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.

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Xiaomi

Full charge: Xiaomi shares surge on EV sales boost

Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.

Visitors view a physical exploded model of a Xiaomi SU7 at Auto China 2026 in Beijing. Photo: AP
Mainland China

Shifting gears: how foreign giants aim to catch up in China’s EV era

International carmakers launch tailored models and accelerate R&D as they scramble to match the speed and sophistication of domestic rivals.

Illustration: Henry Wong
Automotive industry

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

Ultra-fast charging technology and a wave of smart features are helping Chinese EVs win over overseas buyers.

China economy

Outside In | China’s manufacturing rise is here to stay. The West must recalibrate

The changes are structural and protectionism will only weaken long-term growth.

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China travel

China braces for record Labour Day travel surge as tourism demand remains robust

China expects to handle a record 304 million cross-regional trips per day over the holiday, as the government focuses on boosting consumption.

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China is expecting to see a record surge in cross-regional travel over the coming Labour Day holiday. Photo: Shutterstock
Mainland China

Geely joins Chery, BYD in profit slide as China car sales plunge

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

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People view a Geely vehicle in Paris on Tuesday. Photo: Xinhua
Semiconductors

Hit from memory costs spreads from smartphones to BYD EVs in China

Carmaker explicitly cites sky-high memory costs as it raises the price of a high-end driver-assistance system by 21 per cent.

Future of transport

Video | Cleaner, cheaper EV trucks gain traction in China

The energy shock from the Middle East conflict is transforming China’s trucking and logistics sector.

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BYD

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

A BYD Seagull electric vehicle on display at Auto China in Beijing. Photo: Reuters
SCMP Highlights

China’s EV makers to cut charging times; Li Auto’s expansion: 7 EV reads

From BYD’s first-quarter profit to Xpeng’s August goal to overtake self-driving tech in China, here are seven EV stories you may have missed.

Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

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Visitors check a BYD Seagull electric vehicle at Auto China in Beijing on April 26. Photo: Reuters
BYD

China’s EV and battery makers race to cut charging times to under 10 minutes

Fast-charging technology takes centre stage at the Beijing Auto Show as firms unveil batteries promising unprecedented speed.

Visitors look at a chamber with sub-zero temperatures that showcases battery-charging technology at the Beijing Auto Show. Photo: AP
China manufacturing

Opinion | How China’s manufacturing is winning the Iran war

China’s production advantage is built on years of preparation, investment in renewables and cost discipline that are difficult to displace.

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Future of transport

Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion

Pony AI and WeRide harness China’s supply chain strength to cut costs, boost efficiency and scale robotaxi fleets worldwide.

China technology

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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Electricity arcs in a cold-environment demonstration of CATL’s sodium-ion battery technology during Auto China 2026 in Beijing on April 25, 2026. Photo: AP Photo
China exports

Chinese EVs are making inroads in one of world’s most competitive auto markets

BYD is now one of Korea’s fastest-growing imported EV brands while rivals like Chery look to break into a market long dominated by local giants.

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An aerial drone photo taken on April 10 shows vehicles to be exported at Yantai port in east China’s Shandong province. Photo: Xinhua
Automotive industry

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

Zimbabwe

Tianqi Lithium favours China’s salt lakes over Africa amid resource nationalism

In response to Zimbabwe’s export ban, two Chinese companies have promised to build a domestic lithium sulphate plant.

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