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Nick Lai

(黎永強)

Nick Lai
黎永強
The latest news and top stories on Nick Lai, the Head of Asia Auto Research and Head of China Equity Research at JPMorgan.
An aerial drone photo taken on January 14, 2026, shows domestically produced vehicles for export at Yantai Port in east China’s Shandong Province. Photo: Xinhua
Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

Electric & new energy vehicles

Chinese carmaker BYD chases 24% export growth with new models, more showrooms

Electric & new energy vehicles

Editorial | China’s EV industry should focus on consolidation at home, expansion abroad

Electric & new energy vehicles

Chinese EV makers’ outlook overseas improves as Europe levels the playing field

Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.

A BYD Seal is displayed at the Brussels Motor Show on January 9, 2026. Photo: EPA
Electric & new energy vehicles

China-EU tariff consensus on EVs will cut shipments but boost profits

Agreement on price floors will allow mainland carmakers to avoid price wars and nurture brand reputation, analysts say.

Electric & new energy vehicles

Beijing renews trade-in subsidy scheme amid domestic car market’s gloomy outlook

Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.

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Electric & new energy vehicles

Dozens of Chinese EV makers under pressure to fold or trim operations: analysts

Grappling with expiring cash subsidies and tax incentives, China’s car market is forecast to see deliveries slump next year.

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About 50 unprofitable Chinese electric vehicle makers face pressure to scale down their business or wind down operations. Photo: Shutterstock
Electric & new energy vehicles

Chinese SUV maker Jetour pushes localised offerings to hasten go-global drive

Jetour is already present in more than 100 countries and regions after seven years in operation.

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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Electric & new energy vehicles

Xpeng, Li Auto given approval to test ‘hands-off’ L3 cars amid slowing market

Deregulation to legalise L3 technology represents a leap forward in commercialising autonomous driving systems in China.

A Li Auto vehicle draws crowds at the Beijing International Automotive Exhibition, April 25, 2024. Photo: Reuters
Electric & new energy vehicles

Xpeng steps up ‘go global’ drive with Malaysian assembly hub for Southeast Asia

The Guangzhou-based company said it would partner with Malaysia’s EP Manufacturing to locally assemble intelligent EVs.

Workers conduct final checks on an Xpeng new energy car at the firm’s plant in Zhaoqing, Guangdong province, on October 9, 2023. Photo: Xinhua
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.

Electric & new energy vehicles

China’s EV makers post stellar sales before incentives are phased out next year

Leapmotor leads the pack with record sales for a seventh month in a row, while Voyah and Zeekr put on a strong performance.

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Made in China 2025

Chinese EV makers tipped to storm global top 10 carmakers by 2030, McKinsey says

Chinese carmakers are expected to climb the global league tables over the next five years, as technology and scale disrupt the leaders.

China’s EV makers are expected to be among the top 10 in the world league table by 2030. Photo: Xinhua
Electric & new energy vehicles

Chinese EV makers step on gas abroad amid weakening mainland sales

A growing export drive by Chinese EV makers aims to soak up overcapacity and secure better profits as incentives fade.

Leapmotor announced this week that two of its models would make their debuts in Brazil and Chile. Photo: Handout
Made in China 2025

China’s Xpeng posts record revenue as robotaxi and humanoid ambitions take shape

JPMorgan raises Chinese electric-vehicle maker’s price target, citing long-term AI potential.

BYD

BYD’s quarterly profit falls as weak China sales erode exports growth

Profit fell to US$1.1 billion in the September quarter amid slowing sales and price cuts in BYD’s home market.

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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
Electric & new energy vehicles

China car sales to slump in 2026 if Beijing scraps subsidies, JPMorgan says

The bank predicts flat sales at best – and a 5 per cent decline at worst – because incentives have merely brought demand forward.

Electric & new energy vehicles

China’s car dealers feel squeeze between price war, e-commerce rivals

Industry consortium pleads for support as market share continues to slide, while an analyst says a turnaround is ‘unlikely’.

Electric & new energy vehicles

Chinese off-road vehicle brand 212 eyes Europe, Middle East, Africa for growth

212 Off-Road Vehicle plans to offer a slate of petrol-powered and electric vehicles in an effort to capture overseas growth.

A jeep from Chinese carmaker 212 Off-Road Vehicle. Photo: Handout
Electric & new energy vehicles

Tycoon Li Shufu’s Geely Auto posts first-half profit drop, but beats estimates

The company reported a net profit of 9.3 billion yuan (US$1.3 billion), down 14 per cent from 10.8 billion yuan a year earlier.

Geely Auto is mainland China’s second-largest carmaker. Photo: AFP
Electric & new energy vehicles

Leapmotor eyes global market with smart EV at half the price of Tesla’s Model 3

Deliveries to mainland Chinese customers will begin this month, but the company does not say when the new car will be sold overseas.

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