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Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.
China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.
SAIC, which assembles petrol cars with GM and VW, has been left trailing as Chinese consumers switch to EVs sold by Tesla, Xpeng, Nio and Li Auto.
World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.
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Xpeng’s Turing AI chip is three times more powerful in computing power than the Nvidia chip installed in its existing EVs.
While prices of upscale units in Shanghai rose 5 per cent quarter on quarter, overall market prices fell 4 per cent year on year in March.
Tesla has stopped taking orders to import the US-made models to China; to persuade buyers to consider the Shanghai-made Model Y and Model 3.
At biggest risk US$13.6 billion worth of components which China ships to the US annually.
Hong Kong stocks rebound; other Asia-Pacific markets fall as US tariffs on China and other trading partners take effect.
Adoption of the laser-based sensors will increase as consumers demand safe self-driving systems, analysts say.
Output from the Shanghai Gigafactory dropped to 172,754 units in the first three months of the year from 220,876 a year earlier.
Autonomous-driving features carry high safety risks amid a lack knowledge about how the systems work, leader of industry body says.
BYD’s first-quarter deliveries rose 59.8 per cent to more than 1 million vehicles.
Company says it submitted the driving data and relevant operational information to the police and deeply regrets the tragedy.
The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.
China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.
More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.
The AI boom in China has convinced Chinese investors that the markets will continue to rise, Standard Chartered’s Judy Hsu says.
After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.
Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.
CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.
Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.
Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.
Mainland carmakers Xiaomi, Geely, Li Auto and BYD pace losses, with investors expecting volatility ahead.
The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.
With continued investment, China is poised to lead the future of technology-driven, resilient, and sustainable supply chains, Elhedery says.
The US company’s share of the world’s largest EV market has dropped to 4.3 per cent from more than 16 per cent in 2022.
Orders for the revamped model, which starts from US$36,292 have crossed 200,000 units, according to Chinese tech site 36kr.
Hesai’s 2025 profit may jump to between 200 million yuan and 350 million yuan, from 14 million yuan last year, said its chief financial officer Andrew Fan.
