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EVs: Companies

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EVs: Companies
Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
Semi-autonomous cars with L3 technology are likely to spur sales on the mainland next year. Photo: Reuters
Electric & new energy vehicles

China’s approval for L3 self-driving cars to stimulate slowing mainland market

Chinese carmakers could sell about 270,000 semi-autonomous vehicles next year, representing 1 per cent of the total market, Daiwa says.

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Volkswagen

Can Volkswagen regain its China market share with its US$3.5 billion bet?

Electric & new energy vehicles

Tesla’s China plant sees shipment surge ahead of subsidy expiry

China manufacturing

Germany’s China playbook: if you can’t beat them, partner up

More than half of surveyed German firms plan deeper ties with local partners in China to match the rapid innovation cycles of domestic competitors, the German Chamber of Commerce has found.

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Robot arms are seen at work on a car production line at a factory of FAW-Volkswagen in eastern China’s Shandong province on March 12. Photo: AFP
Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

Xiaomi

Xiaomi open-sources AI model spanning autonomous driving and robotics

EV and AI initiatives have become an increasingly important part of Xiaomi’s business.

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US-China trade war

China’s EV parts could be in Tesla’s crosshairs – is a total ‘de-risk’ feasible?

Tesla’s reported strategy may have some success but China’s manufacturing edge makes broader decoupling impractical, analysts say.

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Laborers work on an assembly line during the organised press tour in the Avatr EV factory, in Chongqing on May 20. Photo: EPA-EFE
Electric & new energy vehicles

Xiaomi reaffirms safety focus after raising 2025 sales target to 400,000 units

Safety is a foundation and a priority, founder and CEO Lei Jun says after Xiaomi’s 500,000th EV rolls off Beijing assembly line.

Made in China 2025

Chinese EV makers accelerate robotics drive for ‘game-changing’ edge over US

Xpeng, Cherry and others expand beyond cars, with humanoid robot Iron winning praise from Tesla CEO Elon Musk.

Electric & new energy vehicles

Volkswagen bets on EV developed with Xpeng to regain ground in China

The ID Unyx 08 has received government approval to begin production and is expected to enter the market in 2026.

Volkswagen’s fully-electric SUV, the ID Unyx 08, co-developed with Xpeng. Photo: Xpeng
Electric & new energy vehicles

Tesla and global carmakers race against Chinese EV rivals at expo

At CIIE, global brands like Tesla and Volkswagen are under pressure to win back market share from local competitors.

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A Tesla Cybercab displayed at the China International Import Expo in Shanghai. Photo: EPA
Electric & new energy vehicles

China’s Xpeng touts driverless cars with Alibaba’s Amap to take on Tesla

Company promises three robotaxi models, a humanoid robot and flying cars leveraging a new vision-based AI model.

IPO

Chinese EV maker Seres’ shares close unchanged in lacklustre Hong Kong debut

Trading under the stock code 9927, Seres’ shares fell as much as 10.3 per cent before closing flat at its IPO price of HK$131.50.

Electric & new energy vehicles

Chinese EV maker BYD’s sales surge in Europe, narrowing gap with Tesla

New-car registrations in Europe in September jump nearly fivefold from a year earlier to just under 25,000.

BYD cars sit in a lot in a port area of Wilhelmshaven, Germany, on October 25, 2025. Photo: DPA
China-EU relations

As China’s EV boom makes the EU anxious, is it too late to work together?

Decades after their first joint venture, EU carmakers fear losing their markets to China’s upstarts. Is it too late for them to work together?

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Illustration: Lau Ka-kuen
China Future Tech briefing

EVs | China’s robotaxis lead race into overseas markets

Apollo Go, Pony.ai and WeRide are all expanding beyond China and into the Middle East and Europe, giving them a head start over potential US competitors.

Asean

Opinion | How China is engineering Asia’s rise as the world’s leading EV factory

Systematic Chinese investments and tech transfers are being embraced, especially in Southeast Asia, in contrast to Western decoupling efforts.

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China-Latin America relations

BYD opens massive Brazil plant, its biggest investment outside Asia

Built on a former Ford site, BYD’s Bahia plant is expected to create 20,000 jobs and cement its 74 per cent share of Brazil’s EV market.

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BYD founder and chairman Wang Chuanfu and Brazilian President Luiz Inacio Lula da Silva at the BYD opening ceremony on Thursday. Photo: Handout
Electric & new energy vehicles

Xiaomi takes on Porsche with customised luxury EVs in China

The Chinese EV maker has started a bespoke service that adds at least US$14,000 to the sticker price of an SU7 Ultra EV.

Electric & new energy vehicles

Exclusive | Chinese carmaker poised to unveil Hong Kong’s first EV assembly

The Grand Tourer, designed for high-speed, long-distance journeys and priced above US$100,000, will be produced in Tai Po, sources say.

Banking & finance

Chery, China’s second-biggest carmaker, soars in Hong Kong debut

The stock has jumped nearly 14 per cent before retreating due to profit-taking.

A Chery electric vehicle on display during the Shanghai Auto Show in April. Photo: EPA-EFE
Electric & new energy vehicles

Xiaomi recalls nearly 117,000 SU7s after fatal crash in China

The company says it will address flaws in its driver-assistance system through an over-the-air software update.

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A Xiaomi SU7 electric vehicle displayed at the Auto China 2024 expo in Beijing. Photo: Reuters
Banking & finance

Shares in Chinese lidar-sensor maker Hesai rise in Hong Kong debut

The dominant maker of the key sensors in self-driving cars announced a US$40 million deal with a US robotaxi firm on Monday.

Ant Group

Ant Group-backed Hello unveils robotaxi to challenge Baidu in China

The firm plans to deploy 10,000 self-driving taxis in more than 10 cities next year, and expand to 50,000 vehicles globally by 2027.

BYD

BYD executives buy shares in the EV maker a show of confidence

A total of 37 executives bought 488,200 A shares to ‘display their continued optimism about the investment value of the company’.

BYD reported a 30 per cent drop in second-quarter profit as steep discounts on the mainland squeezed its profit margin. Photo: Xinhua
HKEX

HKEX reforms have made city world’s top fundraising hub for EV makers: official

The market cap of new energy and EV companies in Hong Kong has grown sixfold in 10 years to US$806 billion, Salina Yan says.

Fundraising for mainland-based green and renewable energy start-ups was relaxed under the exchange’s Chapter 18C listing rules in March 2023. Photo: Edmond So
Electric & new energy vehicles

China’s EV makers face uphill task to meet 2025 break-even target

From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller second-quarter losses as discounts lured more buyers to battery-driven cars.

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Electric & new energy vehicles

Chinese carmakers gear up for Munich show as EV competition heats up at home

BYD, Xpeng and Leapmotor are among major Chinese EV makers showing off new models at the IAA Mobility 2025 expo next week.

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