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China EVs
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Electric & new energy vehicles
Automotive industry
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BYD
Electric & new energy vehicles
BYD resorts to forex trading strategy to counter yuan’s volatility
The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.
27 Jan 2025 - 7:42PM
SCMP Highlights
BYD’s labour woes in Brazil, US bans Chinese tech in smart cars: 7 EV reads
22 Jan 2025 - 3:00PM
Electric & new energy vehicles
EU tariffs failing to stop flood of Chinese electric vehicles, new trade data suggests
22 Jan 2025 - 11:30AM
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Electric & new energy vehicles
China’s EV sales stumble off the line in 2025, raising profit concerns
Deliveries of electric and plug-in hybrid cars on the mainland fell 50 per cent month on month to 206,000 units in the first 12 days of the year.
19 Jan 2025 - 3:00PM
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Chinese electric vehicle sales were off to a slow start this year, signalling a volatile market after government subsidies came to an end. Photo: Handout
Semiconductors
Greater Bay Area’s next-gen chipmakers find ready buyers in Chinese EV industry
Guangzhou’s Nansha district is attracting companies specialising in silicon carbide semiconductors, as they look to capitalise on regional integration.
20 Jan 2025 - 4:57PM
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Electric & new energy vehicles
China’s WeRide starts third European self-driving trial in Switzerland
Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.
14 Jan 2025 - 5:00PM
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US-China relations
US investigation finds China unfairly dominates shipbuilding, sources say
Chinese embassy spokesperson responds to report, says ‘US blames China for its own problems’.
14 Jan 2025 - 4:57PM
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A shipyard in Jiangyin, Jiangsu province, China. File photo: EPA-EFE
IPO
China’s CATL poised to pick banks for US$5 billion Hong Kong share sale
World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.
13 Jan 2025 - 3:16PM
Electric & new energy vehicles
China’s EVs to see self-driving ‘democratisation’ in 2025, UBS analyst says
China has rapidly progressed from a market for carmakers into an ‘innovative hub’ for technologies such as electrification and intelligence.
9 Jan 2025 - 6:00PM
Electric & new energy vehicles
Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged
NDRC says buyers of electric cars for replacement purposes would receive US$2,728 this year.
8 Jan 2025 - 8:58PM
SCMP Highlights
China car dealers face price war, BYD beats Tesla in fourth quarter: 7 EV reads
From Chinese EV car dealers facing a price war to BYD’s output beating Tesla in the fourth quarter, here are seven EV stories you may have missed.
8 Jan 2025 - 4:16PM
People walk past various Chinese-made electric cars for sale inside a shopping centre in Beijing on January 9, 2024. Photo: AP
Electric & new energy vehicles
China’s discount war rolls on after 227 EV models slashed prices in 2024
Industry embarks on a new round of price competition that is likely to edge out more underachieving players in 2025.
7 Jan 2025 - 3:36PM
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Electric & new energy vehicles
China’s 30,000 car dealers face bleak 2025 as price war, e-commerce crimp margins
Despite a 4.7 per cent rise in nationwide car sales, some 4,000 dealerships have closed due to a financial squeeze.
5 Jan 2025 - 10:08AM
Electric & new energy vehicles
BYD’s fourth-quarter EV output beats Tesla as world’s No 1
In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.
8 Jan 2025 - 4:04PM
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Electric & new energy vehicles
Here are the 6 biggest winners in China’s nationwide EV buying spree
BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.
2 Jan 2025 - 3:04PM
BYD’s electric cars awaiting loading onto a ship for exports at Taicang Port in Suzhou on February 8, 2024. Photo: AFP
Electric & new energy vehicles
From oversupply to Trump 2.0: the outlook for EV batteries in 2025
Here are a few things you need to know about the EV battery market in 2025.
2 Jan 2025 - 7:30AM
Semiconductors
China struggles to build car chip supply chain to break free of imports
The country’s self-sufficiency rate for automotive chips is currently less than 10 per cent, according to an official at MIIT.
1 Jan 2025 - 12:00PM
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China manufacturing
China recalls cars from Tesla, Trumpchi as safety issues emerge
Elon Musk’s company was the hardest hit in a high-profile round of recalls for auto manufacturers producing or importing to China.
31 Dec 2024 - 7:35PM
China has recalled thousands of Tesla vehicles to resolve observed safety issues. Photo: Xinhua
Electric & new energy vehicles
China mandates 30% EVs in government fleets in boost for carmakers, net zero
The finance ministry circular on EV purchases was preceded by a similar notice from a central government procurement agency in October.
30 Dec 2024 - 8:04PM
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Electric & new energy vehicles
China Future Tech webinar | Chinese carmakers in a changing landscape
We invited UBS head of China Autos Research Paul Gong to discuss the rise of EVs in China and how this trend has challenged foreign carmaking joint ventures while sparking vicious competition among Chinese EV makers.
14 Jan 2025 - 9:57AM
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Electric & new energy vehicles
Prices slashed again in China’s EV sector, threatening unprofitable carmakers
An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling smaller players.
28 Dec 2024 - 9:30AM
Electric & new energy vehicles
Chinese carmakers to slow down new luxury EV releases due to weak demand: analysts
Analysts believe things will slow down next year in the luxury EV market due to weak demand and dwindling troves of cash.
27 Dec 2024 - 8:26PM
On Thursday, Shenzhen Denza New Energy Automotive, an EV venture between BYD and Mercedes-Benz, launched the 2025 version of its D9, a luxury multipurpose vehicle. Photo: Denza
IPO
World’s largest EV battery maker plans Hong Kong IPO to fund global growth
The Shenzhen-listed battery maker’s share issuance plan is pending approval from regulators and shareholders.
27 Dec 2024 - 3:14PM
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Artificial intelligence
Tesla rival Li Auto wants to expand into an AI and robot company
The premium EV maker aims to produce humanoid robots after achieving level-4 autonomous driving, CEO Li Xiang says.
26 Dec 2024 - 6:30PM
International Property
Chinese firms seek European base for factories amid trade tensions, tariffs
European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.
25 Dec 2024 - 2:00PM
HIGHLIGHTS FROM
China Future Tech
Big Tech
China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5
22 Jan 2025 - 9:13PM
Tech Trends
China’s DeepSeek goes quiet for Lunar New Year as AI models rattle Wall Street
3 hours ago
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Tech Trends
DeepSeek’s AI breakthrough could alter China’s ‘national fate’ in US tech war
28 Jan 2025 - 1:25PM
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Diplomacy
Will rise of Chinese AI firm DeepSeek tilt the balance in US-China tech war?
28 Jan 2025 - 10:31AM
50
Tech Trends
China’s top memory chip maker again defies US sanctions with design breakthrough
27 Jan 2025 - 9:00PM
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