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Climate change
Renewable energy
China’s carbon neutral goal
Sustainability
China’s solar industry accelerated its global expansion in 2024, with Chinese companies investing an estimated US$140 billion overseas since 2023, according to a new report. Photo: Reuters
US-China trade war

‘Increasing US costs’: how Trump’s policies on Chinese solar risk backfiring

US trade and investment barriers will not halt Chinese solar industry’s rapid global expansion – but may put American manufacturing projects at risk.

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Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Banking & finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

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Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Electric & new energy vehicles

BYD shares surge on unveiling of ‘fast as gas’ charging tech

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

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Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

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Electric & new energy vehicles

1.2 million EVs were sold worldwide last month, mostly in China

About three-quarters of the 1.2 million EVs and hybrids sold worldwide in February were delivered in China, according to Rho Motion.

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New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.
New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.
Electric & new energy vehicles

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

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Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Electric & new energy vehicles

Xpeng to test autonomous driving software in Hong Kong to support go-global push

He Xiaopeng says tests of company’s Xpeng Navigation Guided Pilot would be conducted in Hong Kong soon.

Xpeng’s He Xiaopeng in Guangzhou. Photo: Coco Feng
Electric & new energy vehicles

Geely to make its AI-powered pilot system available across all brands

Geely says AI-powered pilot system would be added to all of its brands, including Galaxy, Zeekr and Lynk.

The Geely logo at a dealership in Moscow. Photo: Reuters
The Geely logo at a dealership in Moscow. Photo: Reuters
Electric & new energy vehicles

Xiaomi’s ‘Ultra’ luxury EV hits China market at US$73,000

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

Business of climate change

China must slash steel capacity in next 5 years to meet green goals

China coal-based blast furnace (BF) capacity must fall by at least 200 million tonnes per annum (Mtpa) by 2025, said the Centre for Research on Energy and Clean Air.

Mandatory Provident Fund (MPF)

Hong Kong raises ESG disclosure standards for MPF managers

The 12 fund managers have up to end-September to ensure their ESG disclosures match the new requirements.

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The MPF scheme regulator is raising the bar on sustainability disclosures. Photo: Jelly Tse
Business of climate change

Overcapacity, trade curbs eat into China’s cleantech dominance: S&P Global

China’s share of solar-module and battery manufacturing to drop by up to 19 percentage points by 2030, rating company says.

An employee inspects a solar panel at a workshop of a photovoltaic enterprise on December 25, 2024 in Lianyungang in China’s Jiangsu province. Photo: VCG via Getty Images
An employee inspects a solar panel at a workshop of a photovoltaic enterprise on December 25, 2024 in Lianyungang in China’s Jiangsu province. Photo: VCG via Getty Images
China energy security

China is betting big on energy storage as AI drives surge in power demand

Beijing plans to boost research into a slew of next-generation battery technologies as it strives to make its renewables sector more efficient.

Electric & new energy vehicles

CATL eyes global dominance in EV battery market with US$5 billion cash reload

Overseas business made up 31 per cent of CATL’s total sales in the first nine months of 2024, versus 32.7 per cent in 2023, according to exchange filings.

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IPO

Hong Kong IPO: EV battery king CATL files plan to pursue global expansion

At US$5 billion, the speculated jumbo deal by the world’s largest EV battery maker would be the biggest since Kuaishou’s IPO in January 2021.

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A CATL sign seen outside the company’s research and development hub in Ningde, Fujian province. Photo: Reuters
A CATL sign seen outside the company’s research and development hub in Ningde, Fujian province. Photo: Reuters
Business of climate change

Funding, weak demand plague efforts to drive green hydrogen output, BMI says

79 per cent of low-carbon hydrogen projects are stuck in the planning stage as developers struggle with high production costs and low demand.

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Business of climate change

China to allow market forces to set solar, wind power prices

Change from fixed pricing will ‘set a solid foundation for the construction of a unified national electricity market system’, analyst says.

Business of climate change

Electric trucks cheaper than diesel vehicles on long-haul routes: expert

A pilot programme in Shenzhen showed that trucks that run on batteries beat diesel-fuelled vehicles in terms of total cost of ownership.

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Xie Haiming, the director of Shenzhen Xieli New Energy and Intelligent Connected Vehicle Innovation Centre, a think tank. Photo: Jonathan Wong
Business of climate change

JD.com-backed gadget platform banks on China’s trade-in subsidy to spur volume

ATRenew, China’s largest platform for pre-owned electronics, is offering trade-in incentives to coincide with the Lunar New Year holiday.

JD.com-backed ATRenew had about 1,800 stores in more than 260 cities across China at the end of last year. Photo: Handout
JD.com-backed ATRenew had about 1,800 stores in more than 260 cities across China at the end of last year. Photo: Handout
Business of climate change

Nature investments are the way to go to tackle climate change, fund manager says

London-based fund manager Climate Asset Management touts long-term investment benefits, as such investments are about to take off.

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Accounting and auditing

Hong Kong accounting body calls for more expertise in sustainability practices

Some 21 per cent of Hang Seng Index members obtained a ‘reasonable’ score while 53 per cent received a ‘limited’ rating, council report shows.

Electric & new energy vehicles

BYD resorts to forex trading strategy to counter yuan’s volatility

The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.

BYD delivered 4.27 million pure electric and plug-in hybrid vehicles in 2024, an increase of 41.3 per cent from a year earlier. Photo: Handout
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech War

Huawei-related chip equipment maker to debut products at Shanghai trade show

This photo taken on March 22, 2024 shows products from Maxone displayed at Semicon China in Shanghai. Photo: AFP

Global Economy

Exclusive | In China, BMW bemoans EU tariffs, seeks compromise with policy changes

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An electric Mini Cooper car is wiped down at the Beijing Auto Show in April. The Mini series, under the BMW umbrella, is subject to tariffs by the European Union on China-made vehicles exported there. Photo: AFP

Global Economy

Is AstraZeneca’s new US$2.5 billion plan a blueprint for foreign firms in China?

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AstraZeneca’s first vaccine-manufacturing facility in China will be located in Beijing BioPark and offer the opportunity for joint ventures with local tech and medical start-ups. Photo: AFP

Tech Trends

Unitree’s robots won’t be helping with the cleaning up just yet

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Two humanoid robots seen at the offices of Unitree in Hangzhou, China. Photo: Xinhua

Big Tech

Apple’s Cook praises DeepSeek ahead of Shanghai developer conference

The DeepSeek app displayed on an iPhone on January 27. Apple CEO Tim Cook praised the Chinese start-up for its innovative AI models. Photo: Getty Images via AFP
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