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China EVs

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BYD
Chinese EV maker Nio has leased nearly 10,000 square metres of space from CTP in Budapest. Photo: CTP
International Property

Business

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

China stock market

Buy or wait? Consumers put Beijing on hook for more rescue subsidies

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China Business

Electric & new energy vehicles

China’s CATL launches EV chassis that can withstand high-speed crash

Avatr, Changan Auto and Huawei will be the first to use the chassis, which has a battery capable of running for about 1,000km.

CATL has a global market share of roughly 37 per cent in EV batteries. Photo: Reuters
CATL has a global market share of roughly 37 per cent in EV batteries. Photo: Reuters

China Business

Electric & new energy vehicles

China will retain car-export crown in 2025, but growth may slow on EU EV tariffs

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

China

BYD

Chinese workers found in ‘slavery-like conditions’ at BYD site in Brazil

Officials said staff were working excessively long hours while being kept in ‘degrading conditions’ in their accommodation.

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East Asia

Japan

Japan’s Honda and Nissan join forces to create world’s third-largest carmaker

This move comes as the industry transitions away from fossil fuels and towards electric vehicles, where Japanese companies have lagged behind their rivals.

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Logos of Nissan Motor Corporation and Honda are seen at a joint press conference on their merger talks, in Tokyo, Japan on December 23. Photo: Reuters
Logos of Nissan Motor Corporation and Honda are seen at a joint press conference on their merger talks, in Tokyo, Japan on December 23. Photo: Reuters

China Business

Electric & new energy vehicles

EV maker Nio unveils Firefly branded cars to take on Mini Cooper and Smart

The launch is an advancement in Nio’s drive into international markets.

China EVs

Electric & new energy vehicles

China’s car parts, software industry to hit US$356 billion by 2030

Market for car parts and software is likely to grow at an annualised pace of 28.8 per cent between 2026 and 2030.

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China EVs

Electric & new energy vehicles

Exclusive | China’s EV champion Geely bets on tech edge to expand in Asia, EU

In an interview with the Post, Geely CEO Gui Shengyue discusses the company’s overseas strategy and EU tariffs.

Geely’s Robocar Jiyue 01 is displayed at the Beijing Auto Show on April 29, 2024. Photo: AFP

China Business

Electric & new energy vehicles

CATL to build 1,000 EV battery swap stations in China to ease range anxiety

Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.

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Robin Zeng, CEO of EV battery maker CATL, greets a guest after a launch event for the next generation of swap stations in Xiamen, Fujian province on December 18, 2024. AP Photo
Robin Zeng, CEO of EV battery maker CATL, greets a guest after a launch event for the next generation of swap stations in Xiamen, Fujian province on December 18, 2024. AP Photo

Companies

Mergers & Acquisitions

Nissan and Honda may merge to take on larger rivals and EV makers

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.

China Business

Electric & new energy vehicles

Geely banks on profits from petrol cars as EVs inflict losses on rivals

‘As a carmaker, you will lose a profit growth engine if you do not make petrol cars,’ CEO Gui Shengyue says in interview.

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China EVs

Electric & new energy vehicles

Indonesia gives tax incentives to EV makers including China’s BYD, GAC Aion

The carmakers, which are building factories in Indonesia, will enjoy an exemption on import taxes and a break on luxury taxes.

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Workers assemble an EV inside BYD’s first EV factory in Southeast Asia, in Rayong, Thailand, on July 4, 2024. Photo: Reuters

China EVs

Electric & new energy vehicles

Can Chinese electric trucks overcome global tariffs to dominate the market?

Fleets of electric trucks from China have been growing internationally even as Western countries target the country’s EVs with sanctions.

Employees of Chinese electric truck start-up Windrose assemble vehicles at a factory in Suzhou, in eastern Jiangsu province. Photo: AFP
Employees of Chinese electric truck start-up Windrose assemble vehicles at a factory in Suzhou, in eastern Jiangsu province. Photo: AFP

China Economy

China manufacturing

China aims to heal wounds of ‘involution’ as officials vow to stem bloodletting

Beijing intends to rectify ‘neijuan-style’ competition that has caused overcapacity concerns and taken a toll on profits, especially in new-energy sector.

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China EVs

Electric & new energy vehicles

Brazilian ports jammed with 70,000 Chinese EVs as tariffs loom

Chinese carmakers flood the world’s sixth-biggest car market as they try to avoid new tariffs.

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China Business

Electric & new energy vehicles

Chinese EV maker Nio takes aim at BMW, Audi with new luxury sedan

The ET9, which Nio expects to start delivering in March, is priced at 800,000 yuan (US$110,080) in presale.

A view of Nio’s luxury model the ET9. Photo: Handout
A view of Nio’s luxury model the ET9. Photo: Handout

China Business

Electric & new energy vehicles

Chinese EV maker Jiyue to cut operations in bid to stay in brutal race

Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.

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China EVs

SCMP Highlights

Hong Kong launch pad for Chinese EVs, Xiaomi unveils electric SUV: 7 EV reads

From Chinese start-up Hozon eyeing exports to Chinese electric vehicle makers favouring Hong Kong, here are seven EV stories you may have missed.

China Business

Electric & new energy vehicles

China’s CATL, Stellantis to build US$4.3 billion EV battery plant in Spain

Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs.

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An aerial view of CATL headquarters in Ningde in eastern Fujian province on November 15, 2024. Photo: AFP
OPINION
Prof Zhang Jun

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Prof Zhang Jun
Brian Y. S. Wong

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7
David Dodwell

Outside In | Europe’s battery crisis a humiliating reminder of China’s EV dominance

David Dodwell
Zhou Xin

My Take | Tesla is getting love from Chinese state media, but can the affair last?

Zhou Xin
Perry Wong,Yeen Chong

Opinion | China pushes ahead on its long march to become a global tech leader

Perry Wong
Yeen Chong
G.A. Donovan

Opinion | Why China’s EV start-ups can now breathe a little easier

G.A. Donovan
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