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

Electric & new energy vehicles

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

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CATL

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

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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Chinese-made vehicles including Zeekr cars wait to be transshipped for export at Taicang port in Suzhou, Jiangsu province. in April. Photo: AFP
Chinese-made vehicles including Zeekr cars wait to be transshipped for export at Taicang port in Suzhou, Jiangsu province. in April. Photo: AFP
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.

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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.

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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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Illustration: Henry Wong
Illustration: Henry Wong
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.

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.

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.

Geely’s Caocao concept car at the 2026 International Automotive and Supply Chain Expo (Hong Kong). China is hoping Hong Kong can open the door to global markets. Photo: May Tse
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.

Hong Kong Exchanges and Clearing CEO Bonnie Chan. Photo: Handout
Hong Kong Exchanges and Clearing CEO Bonnie Chan. Photo: Handout
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.

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.

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 vehicles manufactured in China await export in Hangzhou, in China’s eastern Zhejiang province. Photo: AFP
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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Technicians work on an automated vehicle-assembly line at a Geely Auto plant in Zhejiang province. Photo: Getty Images
Technicians work on an automated vehicle-assembly line at a Geely Auto plant in Zhejiang province. Photo: Getty Images
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.

China trade

China’s BYD challenges iconic auto giants as hybrid demand surges in Germany

A three-fold jump in BYD’s German registrations highlights shift towards lower-tariff models, as company chairman says ‘the worst is over’.

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Electric & new energy vehicles

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Shanzhen-based EV assembler BYD lost its title as mainland China’s largest carmaker in the first quarter of 2026, but has since rebounded as rising oil prices powered demand for electric vehicles. Photo: Reuters
Shanzhen-based EV assembler BYD lost its title as mainland China’s largest carmaker in the first quarter of 2026, but has since rebounded as rising oil prices powered demand for electric vehicles. Photo: Reuters
SCMP Highlights

BYD launches ‘God’s Eye’; CATL’s bid to boost battery dominance: 7 EV reads

From Tesla sales surging in China to BYD and Chery charting their overseas growth, here are seven EV stories you may have missed.

Electric & new energy vehicles

BYD playing catch-up with demand for fast-charging batteries

Carmaker says sales volume this year will be limited by battery production, which it is expanding by 20,000 to 30,000 units per month.

Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

After years of competing with Tesla in electric vehicles and self-driving technology, Chinese manufacturers are targeting humanoid robots.

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Shaping up: Chinese EV manufacturers including BYD and Xpeng are now accelerating plans to mass-produce humanoid robots. Photo: Kyodo
Science

New Energy | China’s new battery tech set to turbocharge EVs, energy storage

Car batteries that charge in under 10 minutes, innovations in renewable-energy storage – Chinese advances make alternatives to fossil-fuel power more appealing.

China’s new battery tech set to turbocharge EVs, energy storage
Electric & new energy vehicles

Why foreign marques are struggling to keep pace with Chinese EV demand

Domestic brands surge on fresh incentives and better batteries, while foreign carmakers fail to sustain their earlier market share.

Electric & new energy vehicles

China’s BYD, Chery chart 80% growth overseas as EV demand spikes

‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.

Electric & new energy vehicles

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror

Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

A Tesla vehicle on display at a Beijing showroom. Deliveries from the carmaker’s Shanghai plant hit a 2026 high in May. Photo: AFP
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