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China EVs

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Electric & new energy vehicles
Automotive industry
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BYD
People check out BYD electric cars in Yantai, Shandong province, in April last year. Photo:
Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

China-EU relations

EU seeks ‘tangible results’ on China trade deficit by October

Electric & new energy vehicles

Price war fallout: China imposes 60-day payment cap for energy storage sector

Electric & new energy vehicles

Chinese EV makers gain traction in South Korea’s import car market

While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says.

Chinese-made vehicles overtook Japanese brands in Korea’s import market for the first time in April. Photo: Shutterstock Images
Chinese-made vehicles overtook Japanese brands in Korea’s import market for the first time in April. Photo: Shutterstock Images
IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

Electric & new energy vehicles

China’s heavy trucks are going electric, and abroad, paving the road to net-zero freight

Analysts say low ownership costs and battery gains are fuelling an export boom to regions such as Southeast Asia and Africa, positioning Chinese firms as main engines.

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Electric & new energy vehicles

Banking on it: Chinese EVs expand their global footprint

With a boost in global exports offsetting domestic dips, banks forecast significant growth in overseas markets – especially western Europe.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, China's eastern Shandong province on Thursday. Photo: AFP
Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, China's eastern Shandong province on Thursday. Photo: AFP
Electric & new energy vehicles

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

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Electric & new energy vehicles

Top CATL boss cools expectations over next major leap in EV batteries

Robin Zeng Yuqun addresses expectations at ‘Summer Davos’ on whether the battery technology would be available in the near future.

SCMP Highlights

Cost of China’s electric car boom, record-breaking week for sales: 7 EV reads

From how the rise of EVs is creating a headache for authorities to the latest in battery developments, here are seven EV stories you may have missed.

Cars drive along a highway in Beijing. Photo: AFP
Electric & new energy vehicles

Chinese car sales accelerate in Europe as Brussels weighs putting on the brakes

Citi analysts say five largest Chinese-owned groups – SAIC, BYD, Geely, Chery and Leapmotor – have 10.6 per cent share of European market.

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Chinese-made MG cars on a dock before being loaded onto a ship for export at the port in Lianyungang, Jiangsu province, last week. Photo: AFP
Chinese-made MG cars on a dock before being loaded onto a ship for export at the port in Lianyungang, Jiangsu province, last week. Photo: AFP
CATL

China’s CATL bets big on sodium-ion batteries amid lithium volatility

World’s largest maker of EV batteries invests US$742 million to boost output as it introduces its first sodium-based energy-storage system.

Electric & new energy vehicles

China’s EV brands have Europe’s luxury marques in their sights: Zeekr executive

Zeekr vice-president Mars Chen says Chinese carmakers have edge in meeting demand for electric luxury cars.

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IPO

Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown

As Beijing appears to tighten rules on the listing of domestic firms incorporated offshore, self-driving tech start-up Momenta gains IPO approval.

videocam
Automotive solution provider Momenta, which produced this robotaxi model, has gained regulatory approval from Beijing to list in Hong Kong. Photo: AP
Renewable energy

Why a Chinese renewables giant is pondering a majority localisation in Europe

Europe has prohibited Chinese renewable power inverters from being used in EU-funded projects, citing cybersecurity and dependency risks.

videocam
Chinese renewable energy giant Envision Energy’s self-developed generators have surpassed 20,000 units delivered globally and it is planning further localisation efforts in Europe. Photo: handout
Chinese renewable energy giant Envision Energy’s self-developed generators have surpassed 20,000 units delivered globally and it is planning further localisation efforts in Europe. Photo: handout
CATL

China leads charge in energy storage, powered by battery progress

Battery-based grid storage is set for 150 per cent growth in China, as Beijing prioritises energy security and firms eye global markets.

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Electric & new energy vehicles

Chinese EV makers debut right-hand drive models for Southeast Asian push

Chinese brands, including BYD, Jaecoo and Wuling Motors, captured 17.6 per cent of Indonesia’s car market in the first quarter of 2026.

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IPO

Momenta moves closer to Hong Kong IPO after US listing setback

Autonomous-driving start-up seeks to issue up to 43.75 million shares after an earlier US IPO approval expired.

A worker cleans a Momenta robotaxi at last year’s Shanghai auto show. Photo: AP
A worker cleans a Momenta robotaxi at last year’s Shanghai auto show. Photo: AP
Electric & new energy vehicles

Hong Kong emerging as the proving ground for China’s global smart-car ambitions

Chinese carmakers unveiled 14 smart vehicles in Hong Kong as they use the city to gauge overseas demand and refine global expansion plans.

Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

HKEX chief Bonnie Chan says global investors remain focused on China’s innovation story.

Electric & new energy vehicles

Motorsport new arena for Chinese carmakers as Geely and BYD rev up global push

Geely sets sights on China hosting the Superbike World Championship after BYD reveals it is exploring options to enter Formula 1.

The WSBK pits modified versions of road-legal production motorcycles against each other across three classes – WorldSBK, WorldSSP and WorldSPB. Photo: Xinhua
Artificial intelligence

AI | AI’s next frontier, world models, and why China is leading

AI models that understand the workings of the physical world and can simulate it will give the technology more human-like powers and drive embodied intelligence.

AI’s next frontier, world models, and why China is ahead of the pack
Business of climate change

Abu Dhabi to tap Chinese tech to scale up green economy, energy chief says

China and Abu Dhabi ‘should move faster, collaborate deeper and scale together’, says the chairman of the emirate’s energy department.

Electric & new energy vehicles

Geely Auto to curb excess capacity amid overhaul to boost carmaker’s global edge

Company chairman eyes plant mergers and a formal succession road map as the firm rejects price wars to focus on international growth in rivalry with BYD.

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Electric & new energy vehicles

EVs capture two-thirds of China’s car market in record-breaking week

Despite subsidy cuts, electric vehicles reached a new sales milestone in mainland China as petrol-powered rivals continued to lose ground.

Visitors inspect a BYD Seagull at this year's Auto China in Beijing. Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June. Photo: Reuters
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