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EVs: Industry Trends

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EVs: Industry Trends
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?

China-EU relations

‘A big opportunity’: why Spain’s new electric car plan hands an opening to China

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Electric & new energy vehicles

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

However, the rebound may not be sufficient to help the company reclaim lost ground in China, an analyst says.

A Tesla logo seen on a Model 3 electric car. Photo: AFP
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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Science

Chinese team cuts laser weapon, EV part production time from 1 hour to 1 second

High-intensity heating and cooling method speeds up creation of sought-after electrical component.

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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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A Xiaomi car seen outside the company’s electric vehicle factory in Beijing. Photo: AFP
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
China’s private sector

Innovation is key to curbing ‘involution’ in China: Two Sigma co-founder

While there is a lot of hype around AI, China’s practical approach is more effective, David Siegel says at the Family Business Summit.

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Two Sigma co-founder David Siegel at the Rosewood Hotel in Hong Kong on November 6. Photo: Jonathan Wong
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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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.

Seres’ Aito M9 has become the bestselling luxury vehicle in China. Photo: Costfoto/NurPhoto via Getty Images
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

Exclusive | ‘Progress cannot be stopped’: China’s chief Paris envoy talks trade, EV tariffs

Deng Li says China and Europe can build emerging sectors like EVs together, Beijing not interested in ‘completely unnecessary’ trade surplus.

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Electric & new energy vehicles

Global monthly EV sales hit record 2.1 million, with 62% Chinese-made

Worldwide September deliveries of EVs – including battery-only and hybrid models – jump 24 per cent from a year earlier.

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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
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.

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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China exports

China’s cleantech creating ‘new global energy system’ as exports soar: report

Demand for clean technology is ‘skyrocketing’, especially in Global South, as China drives creation of cheaper solutions, report says.

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China’s exports of clean technology have soared in recent years, as the cost of wind turbines, solar panels, lithium batteries and other solutions continues to fall. Photo: Xinhua
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.

Xiaomi’s SU7 Ultra EV is unveiled during in Beijing on October 29, 2024. Photo: Reuters
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.

China manufacturing

China will be exporting 10 million cars per year by 2030, association forecasts

There is also still ‘vast potential’ to increase car sales in China’s less developed regions, association head says.

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IPO

Lidar maker Hesai to pour Hong Kong listing proceeds into expanding production

The US$531 million haul will help build plants at home and abroad, company says, in line with stated plans to quadruple production this year.

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The Hesai booth at CES 2025, in Las Vegas, pictured on January 9, 2025. Photo: NurPhoto via Getty Images
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.

Shanghai-based Hello has launched a robotaxi. Photo: Handout
Electric & new energy vehicles

BYD ramps up showroom openings, targets full local production in Europe

The Berkshire Hathaway-invested EV maker plans to open 2,000 dealerships by 2026 and produce all models for sale in Europe locally by 2028.

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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