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China EVs

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Electric & new energy vehicles
Automotive industry
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BYD
BYD electric vehicles form a queue before being loaded onto the Chinese carmaker’s Explorer No 1 carrier for export to Brazil. Photo: China Daily via Reuters
SCMP Highlights

BYD’s labour woes in Brazil, US bans Chinese tech in smart cars: 7 EV reads

From Chinese carmakers’ overseas plans to US banning China tech in smart cars, here are seven EV stories you may have missed.

Electric & new energy vehicles

EU tariffs failing to stop flood of Chinese electric vehicles, new trade data suggests

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Electric & new energy vehicles

China’s EV sales stumble off the line in 2025, raising profit concerns

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Semiconductors

Greater Bay Area’s next-gen chipmakers find ready buyers in Chinese EV industry

Guangzhou’s Nansha district is attracting companies specialising in silicon carbide semiconductors, as they look to capitalise on regional integration.

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David Xiao Guowei, chairman of AscenPower Semiconductors, speaks during a panel discussion at the South China Morning Post’s China Conference in Guangzhou on Wednesday. Photo: Nora Tam
David Xiao Guowei, chairman of AscenPower Semiconductors, speaks during a panel discussion at the South China Morning Post’s China Conference in Guangzhou on Wednesday. Photo: Nora Tam
Electric & new energy vehicles

China’s WeRide starts third European self-driving trial in Switzerland

Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.

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US-China relations

US investigation finds China unfairly dominates shipbuilding, sources say

Chinese embassy spokesperson responds to report, says ‘US blames China for its own problems’.

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IPO

China’s CATL poised to pick banks for US$5 billion Hong Kong share sale

World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.

A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China, on November 8, 2024. Photo: Reuters
A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China, on November 8, 2024. Photo: Reuters
Electric & new energy vehicles

China’s EVs to see self-driving ‘democratisation’ in 2025, UBS analyst says

China has rapidly progressed from a market for carmakers into an ‘innovative hub’ for technologies such as electrification and intelligence.

Electric & new energy vehicles

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged

NDRC says buyers of electric cars for replacement purposes would receive US$2,728 this year.

SCMP Highlights

China car dealers face price war, BYD beats Tesla in fourth quarter: 7 EV reads

From Chinese EV car dealers facing a price war to BYD’s output beating Tesla in the fourth quarter, here are seven EV stories you may have missed.

People walk past various Chinese-made electric cars for sale inside a shopping centre in Beijing on January 9, 2024. Photo: AP
Electric & new energy vehicles

China’s discount war rolls on after 227 EV models slashed prices in 2024

Industry embarks on a new round of price competition that is likely to edge out more underachieving players in 2025.

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EVs sit at a charging station in Beijing on December 26, 2024. Photo: Xinhua
EVs sit at a charging station in Beijing on December 26, 2024. Photo: Xinhua
Electric & new energy vehicles

China’s 30,000 car dealers face bleak 2025 as price war, e-commerce crimp margins

Despite a 4.7 per cent rise in nationwide car sales, some 4,000 dealerships have closed due to a financial squeeze.

Electric & new energy vehicles

BYD’s fourth-quarter EV output beats Tesla as world’s No 1

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

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Electric & new energy vehicles

Here are the 6 biggest winners in China’s nationwide EV buying spree

BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.

BYD’s electric cars awaiting loading onto a ship for exports at Taicang Port in Suzhou on February 8, 2024. Photo: AFP
Electric & new energy vehicles

From oversupply to Trump 2.0: the outlook for EV batteries in 2025

Here are a few things you need to know about the EV battery market in 2025.

A worker at a car battery plant in Nanjing, China. Photo: AFP
A worker at a car battery plant in Nanjing, China. Photo: AFP
Semiconductors

China struggles to build car chip supply chain to break free of imports

The country’s self-sufficiency rate for automotive chips is currently less than 10 per cent, according to an official at MIIT.

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China manufacturing

China recalls cars from Tesla, Trumpchi as safety issues emerge

Elon Musk’s company was the hardest hit in a high-profile round of recalls for auto manufacturers producing or importing to China.

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Electric & new energy vehicles

China mandates 30% EVs in government fleets in boost for carmakers, net zero

The finance ministry circular on EV purchases was preceded by a similar notice from a central government procurement agency in October.

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BYD, the world’s largest EV maker, is one of the few profitable companies in the industry. Photo: AP Photo
BYD, the world’s largest EV maker, is one of the few profitable companies in the industry. Photo: AP Photo
Electric & new energy vehicles

China Future Tech webinar | Chinese carmakers in a changing landscape

We invited UBS head of China Autos Research Paul Gong to discuss the rise of EVs in China and how this trend has challenged foreign carmaking joint ventures while sparking vicious competition among Chinese EV makers.

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Electric & new energy vehicles

Prices slashed again in China’s EV sector, threatening unprofitable carmakers

An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling smaller players.

Electric & new energy vehicles

Chinese carmakers to slow down new luxury EV releases due to weak demand: analysts

Analysts believe things will slow down next year in the luxury EV market due to weak demand and dwindling troves of cash.

On Thursday, Shenzhen Denza New Energy Automotive, an EV venture between BYD and Mercedes-Benz, launched the 2025 version of its D9, a luxury multipurpose vehicle. Photo: Denza
IPO

World’s largest EV battery maker plans Hong Kong IPO to fund global growth

The Shenzhen-listed battery maker’s share issuance plan is pending approval from regulators and shareholders.

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Contemporary Amperex Technology is the world’s largest EV battery maker, accounting for nearly 37 per cent of the global market. Photo: Reuters
Contemporary Amperex Technology is the world’s largest EV battery maker, accounting for nearly 37 per cent of the global market. Photo: Reuters
Artificial intelligence

Tesla rival Li Auto wants to expand into an AI and robot company

The premium EV maker aims to produce humanoid robots after achieving level-4 autonomous driving, CEO Li Xiang says.

International Property

Chinese firms seek European base for factories amid trade tensions, tariffs

European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.

SCMP Highlights

EU tariffs slow Chinese EV exports, Geely looks to expand in Asia: 7 EV reads

From Chinese EV exports plummeting to Geely looking to expand in the EU and Asia, here are seven EV stories you may have missed.

BYD electric cars bound for export at a port in Yantai, Shandong province, in April. Photo: AFP
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Big Tech

China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5

ByteDance’s ChatGPT-like Doubao bot has emerged as the most popular AI app for Chinese consumers. Photo: Simon Song

Big Tech

China poised to expand AI infrastructure to keep pace with US Stargate project

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The US-China rivalry in artificial intelligence has widened to cover the digital infrastructure used to drive the technology’s development. Photo: Shutterstock

Global Economy

Thai PM’s AI video aims to calm Chinese tourists’ nerves as bookings dip

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A tourist takes a selfie during an underwater dragon dance show in Bangkok, Thailand, last Thursday. Photo: Xinhua

Big Tech

Tencent ramps up global AI efforts with advanced Hunyuan 3D-generation system

Tencent Holdings’ latest AI-powered system reflects the internet giant’s efforts to advance 3D-content production. Photo: Tencent

China EVs

BYD’s labour woes in Brazil, US bans Chinese tech in smart cars: 7 EV reads

BYD electric vehicles form a queue before being loaded onto the Chinese carmaker’s Explorer No 1 carrier for export to Brazil. Photo: China Daily via Reuters
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