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BYD
A worker cleans a Momenta robotaxi at last year’s Shanghai auto show. Photo: AP
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

Banking & finance

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

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
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.

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.

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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
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.

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

5
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.

Chinese EVs recovered firmly in May, with Zeekr breaking its monthly delivery record. Photo: AP
Chinese EVs recovered firmly in May, with Zeekr breaking its monthly delivery record. Photo: AP
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.

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Electric & new energy vehicles

Chinese EV makers recover in May but competition fierce amid overcapacity woes

Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.

A man opens the door of a Zeekr X7 electric vehicle at a showroom in Beijing on February 3, 2026. Photo: AFP
A man opens the door of a Zeekr X7 electric vehicle at a showroom in Beijing on February 3, 2026. Photo: AFP
Electric & new energy vehicles

AI could redefine China’s EV market: Morgan Stanley

Carmakers redirect resources to autonomous driving upgrades, hoping AI can deliver growth beyond subsidy-driven sales.

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Electric & new energy vehicles

Premium plan: China’s EV makers pin hopes on higher-margin models

New models from carmakers including Nio and Seres also challenge Tesla’s bestselling Model Y and cars from luxury German marques.

Electric & new energy vehicles

China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage

EV giant pushes affordable autonomy with its system, aiming to make self-driving safer and accessible to mass-market consumers.

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A BYD booth at the Beijing Auto Show on April 30. Photo: AFP
CATL

CATL set to boost global energy storage with world’s largest testing facility

The firm says it has completed a 3 billion yuan research facility for testing energy storage systems.

CATL’s Xiamen Energy Storage Validation Research Institute (ESVL) officially commenced operations on Thursday. Photo: Handout
CATL’s Xiamen Energy Storage Validation Research Institute (ESVL) officially commenced operations on Thursday. Photo: Handout
SCMP Highlights

Xpeng builds driverless cabs; Tesla launches FSD in China: 7 EV reads

From the oil shock fuelling BEV sales to Chery’s plans to sell 1 million cars abroad, here are seven EV stories you may have missed.

Electric & new energy vehicles

Xiaomi out to scalp Musk’s bestselling SUV in China with upgraded, cheaper model

Shares in Xiaomi fell 4.57 per cent to HK$28.4 despite the Beijing tech titan’s confidence over Tesla and its HK$20 billion buyback plan.

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Banking & finance

Tech edge to boost Chinese firms’ overseas revenues to record high: UBS

Carmaking, power supply chains at forefront of China’s go-global expansion, driven by rising technological competitiveness, Swiss bank says.

UBS expects China’s power and car supply chain sectors to outperform. Photo: EPA
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