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China EVs

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An oil tanker is guided to a berth at a port in Qingdao, Shandong province. China has oil reserves of 1.3 billion barrels, enough for four months of supply, according to UBS Group and S&P Global. Photo: AFP
China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

Electric & new energy vehicles

Xiaomi’s new-generation SU7 launch sparks fresh EV fight with Tesla in China

Electric & new energy vehicles

China presses EV makers to end price war and focus on innovation as demand cools

SCMP Highlights

Geely speeds to the top, BYD’s quest for faster charging: 7 EV reads

From top Chinese carmakers selling more units overseas to Geely’s upper hand in local market, here are seven EV stories you may have missed.

China’s bestselling EV model Galaxy Xingyuan. Photo: Handout
China’s bestselling EV model Galaxy Xingyuan. Photo: Handout
Electric & new energy vehicles

Leapmotor’s Stellantis tie-up pays off as EV exports jump nearly 400% last year

The Hangzhou-based carmaker exported 67,052 units in 2025, up from 13,726 in 2024, according to an exchange filing.

Electric & new energy vehicles

Chinese carmakers step up global expansion using idled foreign facilities

Great Wall Motors, Geely and other Chinese carmakers are using an asset-light strategy to accelerate their growth overseas.

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China property

China mall shuffle: as EVs exit, who’s filling the ground-floor showrooms?

New demand for mall space comes from brands riding fresh trends, including Unitree Robotics, Pop Mart and Lululemon.

People walk past an EV showroom inside a shopping mall in Beijing. Photo: AP
People walk past an EV showroom inside a shopping mall in Beijing. Photo: AP
Electric & new energy vehicles

Tesla’s 91% February sales jump in China defies overall market slowdown

The US carmaker’s Shanghai Gigafactory delivered nearly 58,600 vehicles last month, with the Model Y topping the sales chart.

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CATL

CATL profit jump fuels Hong Kong battery stocks amid global energy storage boom

The company’s strong results and energy storage push spark gains for battery makers listed in Hong Kong and mainland China.

Electric & new energy vehicles

Geely beats BYD sales in first 2 months of 2026 to become China’s top carmaker

Geely’s sales rise 1 per cent to 476,327 units in January and February, while BYD’s sales slump 38.5 per cent to 400,241 units.

Geely Auto’s sales of EVs jumped 10.1 per cent to 241,740 units in the first two months of the year from a year earlier. Photo: Shutterstock
Electric & new energy vehicles

Chinese EV maker Nio forecasts surge in deliveries after first quarterly profit

The company’s turnaround highlights resilience in China’s EV market, defying a slowdown that has weighed on most domestic rivals.

Nio has set a delivery guidance of up to 83,000 vehicles for the first quarter of 2026. Photo: Xinhua
Nio has set a delivery guidance of up to 83,000 vehicles for the first quarter of 2026. Photo: Xinhua
CATL

China’s CATL profit surges 42% as global market share soars to all-time high

Surging demand solidifies CATL’s position as world’s top EV battery manufacturer for ninth consecutive year.

Electric & new energy vehicles

China’s BYD looks to make EV charging as fast as filling up with petrol

Company says its new Blade Battery 2.0 can be charged from 10 per cent to 70 per cent in 5 minutes.

CATL

China’s EV battery leader CATL to step up use of AI in R&D: founder

Billionaire Robin Zeng Yuqun promises higher investment, touts ‘resilient supply chain and ecosystem’ driving export growth.

A CATL battery design is displayed at an automotive trade show in Munich on September 5, 2023. Photo: Xinhua
SCMP Highlights

Low-cost models rule China sales; Geely’s bets amid price wars: 7 EV reads

From rising battery costs to Xpeng’s CEO calling to skip a step in self-driving cars, here are seven EV stories you may have missed.

Geely’s Xingyuan was the top-selling EV in China last year. Photo: Weibo
Geely’s Xingyuan was the top-selling EV in China last year. Photo: Weibo
Electric & new energy vehicles

China should skip a step in self-driving cars, Xpeng CEO says

He Xiaopeng urges Beijing to clear way for a leap ahead in autonomous driving technology – a jump he promises to propose at the ‘two sessions’.

Two Sessions 2026

Chinese officials, car executives may discuss capping EV output

As China’s EV industry faces slowing growth, officials may discuss capping output and boosting tech innovation to combat price wars.

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Autonomous vehicles

Breakthrough or hype? How WeRide aims to edge rivals in crowded robotaxi field

WeRide says its world model has slashed costs to support global expansion, but investors question if it can deliver a lasting advantage.

A simulated environment created by WeRide’s world model Genesis. Photo: Handout
A simulated environment created by WeRide’s world model Genesis. Photo: Handout
Electric & new energy vehicles

China’s Geely bets on longer-range, faster-charging tech over fresh EV price war

‘We promise to compete based on technology, quality, brand, service and corporate ethics,’ Geely Auto CEO says.

Electric & new energy vehicles

Low-cost models dominate China EV sales, surpassing Tesla and BYD

Geely’s and Wuling’s sub-100,000 yuan battery EVs ranked first and second in mainland China last year, each selling over 400,000 units.

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Electric & new energy vehicles

China’s EV insurers move towards profitability on higher premiums, AI adoption

Chinese insurers are turning to AI as the technology cuts labour costs and enhances pricing accuracy.

Mainland insurers posted a combined loss of 5.7 billion yuan from underwriting EV policies in 2024. Photo: Reuters
Electric & new energy vehicles

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.

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Workers produce lithium batteries in Qinyang, central China’s Henan province. Photo: Xinhua
Workers produce lithium batteries in Qinyang, central China’s Henan province. Photo: Xinhua
SCMP Highlights

CATL’s sodium-ion breakthrough, Tesla’s AI training centre: 7 EV reads

From China banning carmakers from selling below cost to Chinese brands’ dominance in Brazil, here are seven EV stories you may have missed.

Germany

Mercedes to accelerate localisation as China revenue slump hits 2025 profits

Despite a weak outlook, the company unveils a strategy to further localise production in China, introduce AI-based upgrades and launch new models.

Electric & new energy vehicles

Chinese cars now can’t be sold for less than it costs to make them

Regulator bans tactics that result in a net loss per vehicle after a 7 per cent drop in the average car price.

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Cars are lined up for inspection at carmaker Great Wall Motor’s plant in Baoding, in northern China’s Hebei province, on November 24, 2025. Photo: Reuters
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