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Electric & new energy vehicles

Electric & new energy vehicles
Latest news, in-depth features and opinion on electric & new energy vehicles, with a particular focus on China.
last updated:
3 October, 2024
The government has promoted the purchase of e-vehicles through tax concessions and subsidies. Photo: Jelly Tse
Hong Kong society

Editorial | Charging woes take the spark out of the electric vehicle surge

With strong demand for EVs expected to continue, it is important for authorities to foster development of vital infrastructure.

Technology

Tesla commits to cheaper cars, sees autonomous vehicles ‘in the wild’ soon

Brazil

China carmakers merit dumping probe and tariffs: Brazil auto industry group

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China-EU relations

To rival China, EU seeks to favour European companies for hi-tech contracts

The ‘buy local’ proposal, which follows similar US efforts and China’s heavy domestic subsidies, could clash with WTO rules.

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The EU is considering preferential “buy local” treatment for European companies in the high-tech sector. Image: Shutterstock
BYD

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.

Business of climate change

Tianqi warns of US$1 billion loss on price slump, halt to Australian expansion

A decline in profit at the firm’s Chilean unit, forex losses and asset impairments contributed to the poor results in 2024.

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China-EU relations

Chinese car giants sue European Commission over electric vehicle tariffs

Tesla and BMW are also taking action over duties imposed after an EU investigation concluded Chinese subsidies were distorting the market.

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The tariffs were imposed after a year-long investigation into the Chinese EV industry. Photo: Xinhua
China-EU relations

EU tariffs failing to stop flood of Chinese electric vehicles, new trade data suggests

China’s exports of electric vehicles to the European Union rose again in December, prompting fears of an escalating trade conflict in 2025.

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Hong Kong Stock Exchange

Chinese electronics recycler GEM plans Hong Kong share listing

Specialist in recycling batteries, electronic waste, scrapped cars and waste plastics seeks funds to speed global expansion.

Business of climate change

Hong Kong and Singapore firms tie up to decarbonise shipping sector

The deal will combine Towngas’ strengths in green methanol production with Global Energy’s supply chain management.

Towngas and Global Energy are taking steps to provide green fuel for the shipping sector. Photo: Towngas
Donald Trump’s 2025 inauguration

Immigration crackdown, withdrawal from WHO and Paris Agreement among Trump’s first acts

A slew of executive orders, extending to climate, TikTok and the WHO are signed as US president moves swiftly on pledges.

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An attendee bears a sign at the Republican National Convention in Milwaukee, Wisconsin, on July 17, 2024. Photo: AFP/Getty Images/TNS
China manufacturing

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.

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Asean

Opinion | In joining Brics, Indonesia is showing itself to be strategic trailblazer

What Indonesia has gained is strategic autonomy, clout with the US and within Asean, and a bigger voice on the global stage.

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US-China relations

Opinion | With deal-maker Trump, business cooperation could reset US-China ties

China can take a lesson from 1980s Japan, which defused bilateral frictions by strategically pivoting towards direct investment in US manufacturing.

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Illustration: Craig Stephens
United States

Burning Teslas add to toxic mix of pollution delaying LA return

Electric cars add a new dimension to the mess left by devastating Los Angeles wildfires.

A Tesla is destroyed due to the Palisades Fire on January 8. Photo: Michael Ho Wai Lee/SOPA Images via ZUMA Press Wire/dpa
Middle East

Opinion | Defying the US, China expands green energy ties in Middle East

The once-laughable notion of selling solar power in the Middle East is now a rich vein for China to strengthen its presence in the region.

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China-EU relations

For Europe, China looms as 2025 economic threat, analysts say

China seen posing ‘longer competitive challenge and a sort of strategic challenge’ in important industries, and this could reinforce the EU as a US ally.

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China-Philippines relations

Opinion | Manila and Beijing can still choose cooperation over conflict

While violent clashes and bilateral disputes between Manila and Beijing have reached new heights, so can economic engagement.

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Illustration: Craig Stephens
Autonomous vehicles

Opinion | US-China tech war’s next front will be autonomous vehicles

Autonomous driving is not just the next frontier; it is a strategic arena where AI, semiconductor capabilities and geopolitics converge.

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Business of climate change

Citybus owner Hans Group makes deal to fuel hydrogen-powered buses in Hong Kong

Hans Group, Citybus and Grand Resource Hydrogen signed a supply agreement on Wednesday.

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.

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David Xiao Guowei, chairman of AscenPower Semiconductors, speaks during a panel discussion at the South China Morning Post’s China Conference in Guangzhou on Wednesday. Photo: Nora Tam
United States

Opinion | Trump’s plans could trigger liquidity crises across Europe and Asia

Inflationary pressure and a growing deficit would turn the US into a liquidity-sucking force.

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US president-elect Donald Trump at a news conference at Mar-a-Lago, Palm Beach, Florida, on January 7. Photo: AP
Consumer protection in Hong Kong

Hong Kong watchdog logged 179 complaints over EVs, charging services in 2024

Consumer Council shares figure for 2024 after noting rise in recent complaints focusing on charging services, such as unclear fee instructions.

China economy

Editorial | Robust exports show China is embedded in global supply chain

As Trump administration looms, record trade performance for 2024 will fuel talk of overcapacity and increase pressure on Beijing to rebalance the economy.

US-China relations

US bans Chinese and Russian tech in smart cars, citing national security risks

‘Targeted approach’ meant to ensure foreign adversaries’ software and hardware are kept off American roads, commerce secretary says.

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Workers for BYD assemble an electric vehicle at the Chinese auto company’s EV factory in Rayong, Thailand, on July 4, 2024. Photo: Reuters
China manufacturing

China’s eagle-eyed Zhejiang has more industrial movers and shakers in its sights

Local authorities in China’s eastern manufacturing hub want to nurture what they call ‘eagle enterprises’, and the vast majority are private firms.

A worker handles a spinning machine at a textile factory in China’s Zhejiang province. Photo: Getty Images
Autonomous 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.

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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.

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