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The electric BMW i3 at a car show in Nanning, Guangxi Zhuang autonomous region, on June 16, 2024. Photo: Costfoto/NurPhoto via Getty Images

EU investments in China soar to new quarterly record of US$3.9 billion

Germany’s Volkswagen, BMW and BASF are the top three investing businesses, according to Rhodium Group analysis.

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Xiaomi unveils US$114,000 Ferrari lookalike in luxury car venture

CATL, China’s king of EV batteries, unveils new pack for hybrid cars

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Unit of Chinese EV maker Nio gets US$471 million in fresh funding

Subsidiary receives US$471 million from a consortium of investors backed by the government of Hefei in Anhui province, where Nio has two factories.

People look at the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle maker Nio’s new lower-priced brand, in Shanghai on May 15, 2024. Photo: Reuters

Fiat, Jeep owner Stellantis’ CEO follows Chinese path to shun EV tariff ‘trap’

Carlos Tavares, CEO of Stellantis, a major investor of EV maker Leapmotor, said the best way to compete is to ‘try to be Chinese ourselves’.

BMW, GM, Toyota lose more market share in China as slow EV shift hits deliveries

Foreign carmakers are ceding more share to local rivals, with BMW, VW and General Motors reporting further slumps in deliveries.

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Tesla reaps benefits as EU cuts planned tariffs on Chinese-made EVs

Elon Musk’s firm will face the lowest rate of 9 per cent, but more Chinese companies will have to pay much higher rates.

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EVs made by the Chinese car giant BYD face rates of 17 per cent. Photo: AP

Here’s why tiny Hong Kong is so important for China’s EV producers

Carmakers are turning to Hong Kong as buyers shed their disdain for made-in-China EVs, while companies use the opportunity to fine-tune their products that appeal to markets in Asia and elsewhere.

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Explainer | Which are the top EV brands and bestselling models in Hong Kong?

Carmakers from across the world are vying for a slice of the city’s fast-growing EV market. The Post takes a look at the top five carmakers and models.

China’s EV sales cruise along, while price war pushes profits further off for most

Li Auto and Geely’s Zeekr turned in the strongest growth in July, while Xpeng and Nio delivered more modest increases.

Employees work on an assembly line of Li Auto in Changzhou, in eastern China’s Jiangsu province. Photo: AFP

BYD takes its discounts up market in China’s EV discount war

BYD reignites China’s EV price war with 50,000 yuan discounts on its premium Fang Cheng Bao SUVs.

A Leopard 5 SUV developed by BYD, the first production model under the carmaker’s Fang Cheng Bao brand. Photo: Handout

BMW raises prices after China’s brutal discount war fails to boost deliveries

BMW’s decision to stop offering discounts could trigger others like Audi and Mercedes-Benz to follow suit as mainland China’s price war hurts automakers’ financials.

BeyonCa to start first ‘Made in Hong Kong’ car brand with a smart EV

The Chinese premium electric vehicle start-up plans to build a factory and establish its global headquarters in Hong Kong as it looks to gain a foothold in the industry.

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Quit your price war and focus on safety, CATL boss warns China’s EV makers

Zeng is the latest business leader to criticise the cutthroat competition amid mounting worries that constant price reductions are undermining profitability, reputation and even safety in China’s EV industry.

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Goldman Sachs forecast that if BYD were to slice another 10,300 yuan (US$1,418) off the price of each of its vehicles, the overall profitability of the country’s EV industry would turn negative in 2024. Photo: Bloomberg

Banned China supplier with forced labour ties used to import cars to US: report

A US congressional probe found carmakers BMW, Jaguar Land Rover and Volkswagen had used components from a Chinese supplier banned in the United States over alleged forced labour ties.

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The Chinese flag behind razor wire at a housing compound in Yangisar, south of Kashgar, in China’s western Xinjiang region.. PhotoL AFP/Badung Police

Opinion | What green light for Tesla says about China’s attitude to foreign investors

From the Shanghai Gigafactory to Tesla’s autonomous driving plans, China’s encouragement reflects give-and-take and a recognition of the mutual benefits of foreign investment and tech

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Style Edit: BMW’s electric exhibit at Art Basel Hong Kong

The carmaker’s i7 car appeared at the show in collaboration with an AI-driven experience by artist Alex Israel – just the latest in the brand’s creative tie-ups that have even involved Jeff Koons and Roy Lichtenstein

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China’s Chery Automobile enters UK’s car rental market with its Omoda EV

Chinese state-owned carmaker Chery Automobile takes a step into Europe’s EV markets as its Omoda brand establishes a partnership with UK car rental company Octopus Electric Vehicles.

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In February, Chery started to sell its Omoda 5 sport-utility vehicle (SUV) in Spain, and it plans to offer the SUV in Britain later this year. Photo: Reuters

BMW’s China venture to assemble EVs including Minis for consumers worldwide

Spotlight Automotive, BMW’s 50-50 EV venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.

What’s the buzz over Hong Kong budget? Is it time to buy flat, who pays more tax?

Property agents say they expect sales to increase as a result of the end of curbs.

As China powers ahead on EVs, battery plant health risks raise a red flag

Factory findings by health authorities around China have now shed light on the lesser-known health impact of the rapidly developing industry.

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Illustration: Davies Christian Surya

Appotronics, BYD supplier of laser display tech, looks to boost production

A new facility focusing automotive optics business will begin production at the end of 2024, the Shenzhen-based company says.

A view of BMW Dee, a concept car fitted with Appotronics’ four-window fusion display technology. Photo: Handout

Home From Home | BMW and Audi drivers, potholes — UK’s roads make me pine for Hong Kong MTR

Why is it that drivers of German car marques treat the UK speed limit as a minimum, not maximum requirement? And don’t get me started on potholes. Oh for Hong Kong, where most people don’t need a car.

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Style Edit: The BMW i5 comes to Hong Kong, the first 5 Series all-electric car

The first all-electric model in BMW’s 5 Series, the i5 reinforces the German marque’s commitment to zero-emission travel

BMW, Mercedes-Benz to set up charging network joint venture in China

The venture will aim to install at least 1,000 high-power charging stations with about 7,000 charging piles in the world’s largest EV market by the end of 2026 to ‘provide Chinese customers with premium charging services’, BMW says.

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A BMW i7 is displayed during the 20th Shanghai International Automobile Industry Exhibition in this file photo from April. High-end vehicle brands prefer to have their own charging networks to improve car owner experience, an analyst says. Photo: AFP

Tesla not part of EU probe into Chinese subsidies, but could still face duties

Brussels is now focused on three Chinese-owned manufacturers in quest to level playing field for European EV makers.

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Tesla China-made Model 3 vehicles are lined up during a delivery event at its Shanghai factory. Photo: Reuters

Japan’s carmakers to showcase electric cars to prove credentials

Japanese carmakers will display EV concepts to send the message they are willing and able to make battery-powered car sightings more common on the country’s roads in the years to come.

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Hong Kong government must lead charge to keep EV sales up: campaigners

Wheels could come off bid to end use of fossil fuel cars if government ends tax breaks to make electric vehicles more attractive, campaigners warn.

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BMW
宝马集团
Bayerische Motoren Werke (BMW) is a German automobile, motorcycle and engine manufacturing company founded in 1917 and based in Munich in Bavaria, Germany. BMW also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands.
Chairman / President
OLIVER ZIPSE
CFO / Finance Director
Stefan Kramer
Industry
Automotive
Website
bmwgroup.com
Headquarters address
Munich, Bavaria, Germany
Stock Code
FWB: BMW
Year founded
1916
last updated:
27 August, 2024
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