The acquisition ‘vertically integrates the energy supplier and key end-user’, Hans Energy CEO Yang Dong says, adding that its ‘strategic development of the hydrogen industry’ aligns with Citybus’s net-zero emissions goal.

Make ‘knowledge-intensive sectors’ a focal point and remove import taxes that offer no strategic value and hit working Americans hard, economist says.

The Chinese smartphone and electric vehicle (EV) maker Xiaomi grew its first-quarter revenue by a better-than-expected 27 per cent year on year, as handset shipments recovered globally.

Evergrande NEV said local governments want to terminate investment cooperation contracts signed in April 2019 and are demanding repayment of subsidies.

Falling prices and ‘operational pressures’ are flagged at a meeting of the China Photovoltaic Industry Association amid domestic overcapacity concerns.

Samaila Zubairu, head of the development bank, says China should not see the continent as just the source of raw materials.

Qatar is emerging as a potential destination for Chinese businesses and investment looking to find a way into the Middle East or Africa, with more companies showing interest in setting up a foothold in the Persian Gulf.

Nio’s battery-swapping technology is gaining a huge supporter in state-owned FAW Group as both pledge to set industry standards and ease concerns about drivers about EV driving range.

The CEO of SpaceX and Tesla was in Bali to launch Starlink’s satellite internet services in Indonesia.

Officials ponder what countermeasures await European resistance against ‘market-distorting’ Chinese subsidies on electric vehicles.

Prime Minister Anwar Ibrahim wants 15 per cent of all vehicles on Malaysian roads to be EVs by 2030, but lack of cheaper models could hobble the target.

The British Chamber of Commerce in China sees potential for benefit in China’s excess manufacturing capacity, with British firms capable of providing necessary services as firms go global.

Washington is concerned that Chinese government support is leading to more production capacity than global markets can absorb, driving cheap exports and stifling growth elsewhere.

Xpeng narrowed its losses last quarter as deliveries and vehicle margins improved. Technology licensing fees from Volkswagen also helped.

The tsunami of new-energy manufacturing flooding the industry is not the first time a wave of Chinese goods has forced institutional upheavals and left foreign firms with little room to compete.

Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.

China’s leading EV makers are taking longer to settle payments with suppliers, indicating stress in the industry because of slowing sales and mounting discounts.

Gotion’s G-Current lithium-ion-phosphate battery offers a driving range of nearly 500km in under 10 minutes of charging. Deliveries are expected to start in 20025 when a new plant is ready.

Licensing of Xpeng’s technologies will allow the EV maker to further its research and development efforts and maintain its technological edge, vice-chairman and president Brian Gu says.

Commerce ministry move targeting EU, US, Japan and Taiwan comes shortly after CCTV-linked social media channel warns of Beijing’s deep toolbox against ‘double standards’ EU probes.

Indonesia is the third country in Southeast Asia where Starlink will operate. Starlink was launched at three Indonesian health centres on Sunday.

Mary Ng’s remarks came after the US announced sweeping new levies on Chinese-made electric vehicles this week.

State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.

Xpeng has officially announced its entry into Hong Kong, pricing the G6 SUV and X9 MPV from HK$299,000 (US$38,450) and HK$500,000, respectively.

Frustration said to be mounting on continent and evident in European Commission investigations over Chinese subsidies, such as for electric vehicles.

Hong Kong should learn from China’s experience and adopt Europe’s stringent definition of green hydrogen while formulating a strategy on the clean-burning fuel, according to Civic Exchange.

A former Belgian envoy to the EU says China is not intentionally manufacturing overcapacity to undercut Western competitors.