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Visitors at the Chengdu Motor Show in August 2024. Photo: Xinhua

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.

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

20 Sep 2024 - 6:00PMvideocam

US House votes to restrict tax credits for EVs with Chinese battery tech

13 Sep 2024 - 5:57AM

California allows Chinese robotaxi firm WeRide to test with passengers

14 Aug 2024 - 10:16AM

Donald Trump’s invitation to Chinese carmakers might boost US EV transition

The Republican presidential nominee may still disdain electric vehicles but encourages their manufacturers to build plants in the United States.

9 Aug 2024 - 1:42AMvideocam

A factory of Chinese electric vehicle maker Li Auto in Changzhou, Jiangsu province. Donald Trump has begun to encourage Chinese manufacturers to build plants in the US. Photo: Xinhua

China’s love of domestic EVs endangers foreign carmakers, consultancy says

‘Fast EV adoption has put international marques in jeopardy,’ says AlixPartners’ Stephen Dyer, as local firms enjoy overwhelming advantages.

11 Jul 2024 - 6:00AMvideocam

EU’s tariffs may stall, not stop, China’s EV exports, analysts say

The additional tariffs the EU plans to levy will not be severe enough to shut most Chinese-made electric vehicles (EVs) out, as the cost advantages of companies like BYD will outweigh the curbs, analysts say.

14 Jun 2024 - 1:22PMvideocam

BYD mounts ‘big challenge’ to petrol-guzzling rivals with its new hybrid tech

The EV maker has unveiled a new version of its plug-in hybrid technology that it hopes will encourage more widespread adoption of electric cars in China, ratcheting up pressure on traditional carmakers like VW and General Motors.

29 May 2024 - 2:28PMvideocam

The Qin L and the Seal 06 (pictured) ‘will mount a big challenge to petrol-powered cars, becoming the new benchmarks for mid-size models,’ says BYD. Photo: AP

Tesla to launch new models ahead of planned timeline, shares jump

Tesla launch of ‘new models’ by early 2025 in an advanced timeline would use its current platforms and production lines

24 Apr 2024 - 9:34AM

BYD expects sales growth slowdown, banks on export surge for profits

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

28 Mar 2024 - 9:00PM

Nio working with CATL to develop batteries with longer lifespans

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

15 Mar 2024 - 7:00AMvideocam

A Nio battery swap station in Taicang, in China’s Jiangsu province. The EV maker and CATL are already partnering on swappable batteries. Photo: Getty Images

China EV war: BYD prices a fifth car below 100,000 yuan threshold

The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

13 Mar 2024 - 1:30PMvideocam

A view of BYD’s e2 Honor Edition. Photo: BYD

Xpeng’s first right-hand drive EV to hit Hong Kong, SE Asia roads this year

Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.

11 Mar 2024 - 9:00PM

Tesla fails to keep up with China’s fast-growing EV sector, posts sales decline

The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year decline of 24.4 per cent, according to China Passenger Car Association data.

8 Mar 2024 - 8:30PMvideocam

China’s BYD targets India with new EV model, starts work on Brazil plant

The Warren Buffett-backed carmaker has stepped up its pace of overseas expansion amid an ongoing price war and slowing sales at home.

6 Mar 2024 - 1:58PMvideocam

BYD launched the Seal EV in India on Tuesday. Photo: AFP

Nio reports wider loss, forecasts sharp fall in deliveries as price war escalates

The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.

5 Mar 2024 - 9:35PM

A Nio experience center in Hefei, Anhui province. Unlike domestic rivals such as BYD and Xpeng, Nio always keeps the prices of its cars unchanged and is not expected to take part in a price war. Photo: Xinhua

Chinese EV makers Li Auto, Xpeng, Nio post sales declines for second month

The decline ‘bodes ill’ for the market as a bruising price war may be imminent, sales executive says. EV makers are grappling with fiercer competition amid a drop in demand and signs of overcapacity.

1 Mar 2024 - 9:00PM

Li Auto forecasts first-quarter sales drop, reports record profit

The bearish forecast was revealed after Li Auto reported a record quarterly profit that beat analysts’ expectations.

26 Feb 2024 - 8:46PM

Opinion | Will slowing EV market put the brakes on climate goals?

Sales are not growing as strongly as expected, inventory is piling up in an oversupplied market and major markets like the US are showing a marked preference for hybrids.

22 Feb 2024 - 5:08PMvideocam

A car showroom in Hong Kong on January 13. In mainland China, the world’s biggest EV market, sales growth is expected to slow to 20 per cent this year, from a projected 30 per cent last year. Photo: Bloomberg

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.

22 Feb 2024 - 7:26AMvideocam

China’s EV price war to hot up as carmakers price models below 100,000 yuan

Analysts says lower battery costs are enabling EV makers to discount prices amid tougher competition and efforts to take more share from petrol car manufacturers.

20 Feb 2024 - 9:00PM

US awards US$1.5 billion to GlobalFoundries for chip manufacture

Commerce Secretary Gina Raimondo said: ‘The chips that GlobalFoundries will make … are essential chips to our national security.’

20 Feb 2024 - 5:38AM

The Globalfoundries building in Malta, New York. Photo: The Albany Times Union via AP

Jay Leno’s quirky US$50 million car collection, from McLaren F1 to Ford GT

From a custom biodiesel sports car to a British army reconnaissance vehicle and a McLaren F1, Jay Leno’s car collection is quite simply like no other …

18 Feb 2024 - 5:00AMvideocam

Jay Leno’s passion is for cars with a story to tell. Photo: @ jaylenosgarage/Instagram

VW and GM lose ground to Chinese EV makers as petrol-heavy line-ups lose favour

VW’s sales in mainland China and Hong Kong trailed well behind overall market growth, while GM’s mainland China deliveries dropped below its US sales for the first time since 2009.

10 Jan 2024 - 4:02PMvideocam

China EVs: Xpeng and Li Auto roll out minivan models with focus on rich buyers

China’s leading EV makers are battling for supremacy in the MPV segment, targeting wealthy families amid sluggish sales and looking to grab a bigger share of the market from traditional carmakers like GM.

4 Jan 2024 - 7:30AM

US temporarily letting EVs with Chinese minerals in batteries earn tax credits

The new rules are intended to help spur US electric vehicle sales while weaning the battery supply chain away from China.

2 Dec 2023 - 7:17AMvideocam

An electric vehicle battery is displayed at the CATL booth during the first China International Supply Chain Expo in Beijing on Tuesday. Photo: Reuters

Citrix owner becomes latest US software company to quit China

Cloud Software Group, the parent of cloud computing company Citrix, has announced it would stop all new commercial transactions in mainland China, Hong Kong and Macau.

9 Nov 2023 - 10:48PM

A Citrix office building in Fort Lauderdale, Florida. Photo: Shutterstock

‘Big Three’ US auto strike nears end as deal reached

A wave of strikes that disrupted the three largest US carmakers for six weeks looks to have been finally resolved.

31 Oct 2023 - 4:13PM

Jeep, Fiat owner buys US$1.6 billion stake in Chinese EV maker Leapmotor

Chinese electric-car builder Leapmotor is to receive a €1.5 billion (US$1.58 billion) investment from Stellantis, formerly Fiat Chrysler, in the latest vote of confidence from a global carmaking giant in the mainland’s EV industry.

26 Oct 2023 - 3:20PMvideocam

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General Motors

General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.

last updated:

14 August, 2024