Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds

We took a drive around California in the shiny new ‘supermodel’-like Lotus Emira, the British brand’s last gas-powered vehicle before going all electric

Domestic carmakers are rapidly gaining market share in China as they embrace electric vehicles faster than their foreign rivals who are grappling with unused manufacturing capacity of gas and diesel vehicles

China is likely to overtake Japan as the world’s top car exporter this year, with industry executives saying ‘real export figures will beat market expectations’.

Carmakers plan to unveil a total of more than 100 new models, 70 of which will be electric, according to the organisers. Some 1 million visitors are expected to visit the 10-day event starting on Tuesday.

Alibaba-backed IM Motors is aiming for head-on competition with Tesla in mainland China this year, with the launch of new EVs expected to take on the US carmaker’s bestselling Model 3 and Model Y.

AutoFlight’s five-seater Prosperity I reached a distance of 250.3 kilometres during a recent test flight, setting a new world record for an electric vertical take-off and landing aircraft.

The EVs, which follow the company’s first electric SUV, introduced in the fourth quarter, will be manufactured in its plant in Wuhan.

The investment will support research and development across synthetic fuels and next-generation hydrogen technologies, the companies say.

The electric-car brand, which has two new cars slated for introduction this year, aims to use the funding to support technology research and global expansion.

Concerns are raised that the US is falling behind other countries in enacting a comprehensive federal data privacy and security law.

Geely subsidiary Aerofugia has completed the trial run of its five-seater AE200 flying car, moving the Chinese auto giant closer to its goal of delivering electric vertical take-off and landing vehicles to market.

Lotus Tech will be merged with the SPAC L Catterton Asia Acquisition Corp, which went public in 2021 and raised US$250 million.

China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles.

The Beijing-based company has retained its leading position in the ride-hailing market during an 18-month absence from China’s app stores, but uncertainties linger as to how the government will enforce antitrust, algorithms and data rules.

Exports surged 54.4 per cent year on year to 3.11 million vehicles in 2022, according to the China Association of Automobile Manufacturers (CAAM).

Alibaba has been ‘exploring opportunities to grow’ in the smart car industry, says company chairman and CEO Daniel Zhang Yong.

New-energy vehicle sales will maintain their strong growth in China as more motorists ditch their petrol cars in favour of an expanding range of electric options, Fitch Ratings predicts.

Most of China’s top carmakers neither have plans in place to phase out conventional vehicles nor a detailed timetable for their net-zero targets, Greenpeace says.

Xiaomi founder Lei Jun said competition in the EV industry will be brutal amid consolidation in the years ahead.

Geely Automobile has been talking to Renault about potentially buying a controlling stake in the combustion-engine business that Renault is looking to spin off, according to people familiar with the matter.

Chinese carmaker Geely has taken a nearly 8 per cent stake in Aston Martin, the maker of ultra-luxury sports cars favoured by fictional secret agent James Bond.

Chinese autonomous driving company Pony.ai is teaming up with Zhejiang Geely Holding Group, one of China’s largest privately-owned carmakers, to build a fleet of autonomous robotaxis.

A restored supply chain and the rising popularity of electric cars should help Geely reach what is seen as an important threshold for defining a powerful carmaker in mainland China.

Shenzhen is the first city in China to roll out dedicated regulations covering fully autonomous, driverless vehicles.

SiEngine’s successful fundraising reflects venture capitalists’ renewed optimism in China’s semiconductor self-sufficiency drive.

Despite efforts by Chinese fabless firms to develop competitive products in the car sector, none have managed to rival those from US giants such as Qualcomm.

Eric Li Shufu, Geely’s founder and chairman, said during a signing ceremony that the company aims to offer an ‘all-scenario, immersive experience’.

Geely’s smartphone subsidiary bought 79 per cent of Meizu from its founder and Alibaba’s Taobao China in a bid to bolster the carmaker’s connected ecosystem amid new competition from tech firms.