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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.
A BYD electric car at an exhibition in Shanghai. Buyers of an electric vehicle for replacement purposes would get a subsidy equivalent to 12 per cent of the newly bought car’s price. Photo: AFP
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.

Electric & new energy vehicles

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

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Electric & new energy vehicles

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

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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Semi-autonomous cars with L3 technology are likely to spur sales on the mainland next year. Photo: Reuters
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.

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.

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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
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.

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.

Xpeng is broadening its ambitions into advanced mobility and robotics. Photo: AFP
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.

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.

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.

Robots weld car bodies at a factory of Chinese electric vehicle maker Li Auto in Changzhou, in eastern China’s Jiangsu province, on January 10, 2024. Photo: Xinhua
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’.

New cars are advertised for sale at deep discounts in a showroom in Chengdu, in China’s southwestern Sichuan province, on June 6, 2025. Photo: Reuters
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.

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.

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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.

A Leapmotor B01 electric midsize sedan on display during the launch ceremony in Hangzhou on Thursday. Photo: Daniel Ren
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