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China EVs

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BYD
Green hydrogen drive may help China reach carbon-neutral goal
Electric & new energy vehicles

New Energy | Green hydrogen drive may help China reach carbon-neutral goal

Renewable power and government support may slash the costs of green hydrogen production and convince potential users to adopt the fuel.

Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

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Electric & new energy vehicles

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Electric & new energy vehicles

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

A Leapmotor C10 model car is displayed at a showroom in its headquarters in Hangzhou. Photo: Getty Images
A Leapmotor C10 model car is displayed at a showroom in its headquarters in Hangzhou. Photo: Getty Images
Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

SCMP Highlights

China’s electric cars and Iran war, VW pulls Skoda: 7 EV reads

From some Chinese carmakers raising prices to Xiaomi’s fresh fight with Tesla, here are seven EV stories you may have missed.

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Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.

AI computing and data centre demand are new power consumption drivers, according to Ganfeng Lithium. Photo: Getty Images
AI computing and data centre demand are new power consumption drivers, according to Ganfeng Lithium. Photo: Getty Images
Electric & new energy vehicles

Middle East oil shock jolts EV demand, putting Chinese exports in fast lane

Orders for Chinese NEVs are rising along with footfalls at EV dealerships both at home and overseas, according to Nomura analyst.

Mainland China

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier. Photo: Reuters
Electric & new energy vehicles

Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

Brent crude above US$110 is pushing mainland buyers away from petrol cars, lifting China’s EV makers despite fading subsidies.

The oil price surge could offer timely relief for EV makers, which have been grappling with softer demand following the rollback of subsidies. Photo: Xinhua
The oil price surge could offer timely relief for EV makers, which have been grappling with softer demand following the rollback of subsidies. Photo: Xinhua
Electric & new energy vehicles

China’s Pony AI to launch robotaxi service in Europe with Uber, local start-up

Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.

Automotive industry

VW pulls Skoda brand from China after years of falling sales

Czech brand’s mainland sales declined from 341,000 in 2018 to around 15,000 last year as domestic carmakers’ EVs won market share.

Electric & new energy vehicles

China’s lidar giants pivot to robotics in boost supply chain dominance

Hesai will spend US$28.9 million this year to design and manufacture ‘eyes and muscles’ for robots, creating a new growth engine.

The Hesai booth at CES 2025 in Las Vegas, January 9, 2025. Photo: NurPhoto via Getty Images
Hong Kong stock market

Memory costs ‘beyond imagination’ hurting smartphone makers: Xiaomi leader

Firms are being drawn into a price-raising cycle that could reshape the industry, executive says as company reports 27 per cent profit drop.

A man takes a picture of a Xiaomi phone at the Mobile World Congress in Barcelona, Spain, on March 2, 2026. Photo: Reuters
A man takes a picture of a Xiaomi phone at the Mobile World Congress in Barcelona, Spain, on March 2, 2026. Photo: Reuters
China energy security

China EV makers gain as Iran war drives up fuel costs

Oil supply disruptions and higher fuel prices due to the closure of the Strait of Hormuz have bolstered the outlook for China’s world-leading electric-vehicle makers.

China exports

The Iran war could widen China’s EV lead over its global rivals. Here’s why

The ‘eye-watering’ surge in oil prices may push consumers around the world to switch to electric cars, boosting Chinese brands, analysts say.

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Electric & new energy vehicles

3 Chinese EV makers raise prices – but demand slowdown could force reversal

Xiaomi, Chery and FAW adjust prices amid surging chip and raw material costs, but analysts say soft sales could undermine gains.

Xiaomi is the latest EV maker to adjust pricing of some models. Photo: Reuters
Xiaomi is the latest EV maker to adjust pricing of some models. Photo: Reuters
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

Updated smart sedan debuts with improved safety and smart-driving features, intensifying competition with Tesla and domestic rivals.

Electric & new energy vehicles

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

Oversight of China’s industry intensifies, with carmakers urged to move beyond discounts and focus on chips and self-driving systems.

Visitors look at a new-energy sports car at an expo in Tianjin. Photo: Xinhua
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.

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
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