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Daniel Ren
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and marketsLanguages Spoken:
English, Mandarin
Shares in Hong Kong-listed BYD, Xpeng, Li Auto and Nio plummet as tepid January sales underline pessimistic forecasts for the year.
As Tesla diversifies into humanoid robots and self-driving cars, its Chinese competitors are also moving into flying cars, robots and chips.
The findings show how European firms must maintain a delicate balancing act between China’s tight security and focus on self-reliance.
Guangzhou-based EV maker targets more than 90,000 overseas deliveries this year amid fierce competition at home.
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Shenzhen-based company expects to sell 1.3 million cars this year outside mainland China.
Tesla’s grip on China’s premium sedan segment has loosened, as a bruising price war reshapes the EV landscape.
Foreign carmakers ‘will fight back because they will have the same products’ as their Chinese rivals, consultancy head Denis Depoux says.
China’s ‘low-altitude economy’ is shifting from concept demos to commercial planning amid surging orders.
Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.
International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.
China’s pharmaceutical industry surges on ageing demand and global expansion, with revenue forecast to top US$2.1 trillion by 2030.
Canada will drop the 100 per cent punitive tariffs on Chinese-made pure electric cars while setting an annual import quota of 49,000 units.
The 27-year-old is the most decorated Olympian in Chinese history, with 10 medals across the past two Olympic Games.
Typical subsidy on an EV drops by around US$1,150, changing buyer calculations and exacerbating the sector’s profitability woes.
Agreement on price floors will allow mainland carmakers to avoid price wars and nurture brand reputation, analysts say.
Tech companies on Shanghai, Shenzhen exchanges now trade nearly 40 per cent above the Nasdaq 100, boosting the appeal of going public.
‘Chinese assets’ appeal will further increase this year because of a sharpened focus on diversified investments,’ UBS’ Thomas Fang says.
Aridge, formerly AeroHT, eyes listing this year as it aims to accelerate its efforts in the low-altitude market, sources say.
Task force set up to protect supply-chain vendors and stabilise manufacturing amid fierce price wars.
State Council approves reorganisation between Sinopec and China National Aviation Fuel Group, state asset regulator says.
Updated SU7 model offers longer range – more than 900km (560 miles) on a single charge – and other advanced features.
Joint effort highlights urgency as industry – including 40 million EV owners – braces for costly replacements.
Hesai will supply lidar sensors for Nvidia’s Drive Hyperion, targeting L4 self-driving, as the firm accelerates global expansion.
US carmaker’s share of world’s biggest EV market declines to slightly more then 4 per cent amid stern challenge from local rivals.
Ripple effect from further downturn would threaten economic growth and put more developers, workers and even banks at risk, analysts warn.
A weaker-than-expected year-end rush and falling deliveries at major brands are stoking fears of another price war.
Per-capita spending per meal has dropped nearly 24 per cent since 2023, data provider says, as property slump sows uncertainty.
Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.
‘Leapmotor aims to achieve annual deliveries of 4 million units a year in 10 years’ time,’ founder and CEO Zhu Jiangming says.
