https://www-scmp-com.libproxy1.nus.edu.sg/rss/16639/feed Porsche is a German sports car brand owned by the Piëch and Porsche families, and Qatar Holdings. The company was founded by in 1931 by Ferdinand Porsche, an Austrian engineer, and Porsche's son-in-law Anton Piëch, an Austrian lawyer. It is now part of the Volkswagen group, which also makes and markets Audis and Bugatti Veyrons. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Huizhao Huang Huizhao Huang Germany’s automotive industry shed 42,300 jobs in the year to the end of June, sending employment to its lowest level since 2005 as carmakers grappled with falling profits in China and mounting competition from Chinese brands in Europe, and industry groups warned that worse was yet to come. With job losses spreading across German industries, the automotive sector was hit the hardest, recording a 5.8 per cent decline in employment, according to data published by the country’s Federal Statistical... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3364281/job-losses-mount-german-automotive-sector-challenge-china-intensifies https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3364281/job-losses-mount-german-automotive-sector-challenge-china-intensifies Mon, 17 Aug 2026 08:34:04 +0000 Xiaofei Xu Xiaofei Xu Chinese carmakers could capture between 15 and 30 per cent of the European automotive market by 2035, up from roughly 10 per cent this year, analysts at Citi said, with the outcome resting on how far Brussels goes in tightening tariffs and made-in-EU rules. Current European Union rules would allow Chinese carmakers to reach 30 per cent by 2035 – Citi’s base scenario – while extending existing tariffs on Chinese electric vehicles to plug-in hybrids would cap the market share at 25 per cent, Citi... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3363903/chinese-carmakers-could-capture-15-30-european-market-2035-citi-analysts https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3363903/chinese-carmakers-could-capture-15-30-european-market-2035-citi-analysts Thu, 13 Aug 2026 09:00:10 +0000 SCMP Editorial SCMP Editorial Shopaholism may be viewed with disfavour in wealthy nations, but in Beijing, policymakers are probably wishing more of the Chinese populace would catch the bug. The long-sought growth transition from export reliance to domestic consumption has been slow to progress. It’s tough to turn a nation of savers into one of spenders. The unveiling of a stand-alone five-year plan for consumption, targeting retail sales of 60 trillion yuan (US$8.9 trillion) by 2030, is not merely a quantitative goal, but a... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3363020/chinas-moves-fuel-growth-driven-consumption-are-strategic https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3363020/chinas-moves-fuel-growth-driven-consumption-are-strategic Wed, 05 Aug 2026 23:15:09 +0000 Xinyi Wu Xinyi Wu Chinese and German carmakers met in their first joint working group session of the year to align standards for smart connected vehicles, aiming for cooperation amid mounting trade friction over Chinese exports to Europe. More than 40 representatives from industry bodies, research institutes and carmakers – including China’s BYD, Geely, SAIC, Xpeng and Xiaomi, alongside Germany’s Mercedes-Benz, BMW, Volkswagen and Porsche – attended the meeting in Beijing, according to a statement by the China... https://www-scmp-com.libproxy1.nus.edu.sg/economy/article/3362501/china-germany-aim-align-smart-vehicle-standards-amid-escalating-trade-friction https://www-scmp-com.libproxy1.nus.edu.sg/economy/article/3362501/china-germany-aim-align-smart-vehicle-standards-amid-escalating-trade-friction Fri, 31 Jul 2026 07:00:06 +0000 Daniel Ren Daniel Ren Chinese electric car giant BYD is building a network of 6,000 charging stations in overseas markets including Europe, as it looks to turbocharge its deliveries with the roll-out of cutting-edge flash-charging technology. The world’s largest electric vehicle (EV) maker aims to have 3,000 charging stations that support its flash-charging technology in operation across Europe by the end of March 2027, the company told the South China Morning Post in a statement. It also plans to add 2,000 of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3360759/byd-aims-build-3000-flash-charging-stations-across-europe-within-months https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3360759/byd-aims-build-3000-flash-charging-stations-across-europe-within-months Thu, 16 Jul 2026 09:00:07 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) assembler BYD has set its sights on Porsche’s supercars with plans to sell its Denza-branded new models in developed markets, the latest sign of its increasing heft in designing and manufacturing premium vehicles. The Shenzhen-based carmaker planned to unveil the Denza Z sports car featuring BYD’s self-developed intelligent DiSus body control ­system at the UK’s Goodwood Festival of Speed on Thursday, it announced in a statement. The European debut of the sports... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359827/byd-challenges-porsches-911-launch-electric-supercar-europe https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359827/byd-challenges-porsches-911-launch-electric-supercar-europe Wed, 08 Jul 2026 08:00:11 +0000 Gayatri Bhaumik Gayatri Bhaumik In an era that fetishises technology, digital dominates the advertising space. Yet in Asia’s luxury landscape, print has not been left with only memories of a gloriously analogue past. Instead, the medium has evolved to offer a permanence and prestige that screens struggle to replicate. As Randy Duax, managing director, Asia-Pacific at Stagwell, puts it: “Digital won the battle for attention [but] print still wins the battle for significance.” Enduring allure For luxury brands targeting affluent... https://www-scmp-com.libproxy1.nus.edu.sg/special-reports/article/3358192/print-media-retains-its-power-impress-asias-luxury-market https://www-scmp-com.libproxy1.nus.edu.sg/special-reports/article/3358192/print-media-retains-its-power-impress-asias-luxury-market Wed, 24 Jun 2026 22:15:04 +0000 Alice Yan Alice Yan Chen Ailian, who has been dubbed as China’s Wheel Queen with a net worth of 11 billion yuan (US$1.6 billion), has trended on mainland social media as an encouraging role model. Four decades ago, she defied gender stereotypes by driving a tractor. As her enterprise in the east of the country grew into a success, Chen rewarded her key employees with 100 BMW cars, the news portal Sina.com reported. The Zhejiang-based Wanfeng Auto Holding Group, founded by Chen, is the global No 1 manufacturer of... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/china-personalities/article/3356862/china-wheel-queen-tractor-driver-owner-us16-billion-manufacturing-empire https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/china-personalities/article/3356862/china-wheel-queen-tractor-driver-owner-us16-billion-manufacturing-empire Mon, 15 Jun 2026 10:00:06 +0000 Kishore Mahbubani Kishore Mahbubani Western social science has made three metaphysical mistakes. The first was to assume that its laws and lessons were, like the physical sciences, universally applicable to all societies. Harvard Professor Theodore Levitt captured the prevailing zeitgeist well when he wrote in 1983: “The world’s needs and desires have been irrevocably homogenised.” That may have been true 40 years ago. It is no longer. One indirect consequence of this assumption – that the whole world was converging towards a... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/opinion/article/3353739/west-was-never-whole-world-its-time-move https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/opinion/article/3353739/west-was-never-whole-world-its-time-move Sat, 16 May 2026 02:00:19 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi At the close of his presentation at this year’s Auto China show, Li Fenggang, president of Beijing Hyundai Motor, surprised the audience by asking them to lift LED boxes placed on their seats. “We’ll use this beam of light to kick off Hyundai’s new journey in China,” he said, raising the device stamped with the logo of Ioniq, the new brand the Korean carmaker has just launched in mainland China. After years of lacklustre performance in the country, Hyundai was preparing to regain lost ground by... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3352094/comeback-trail-can-foreign-marques-regain-lost-ground-amid-chinas-ev-revolution https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3352094/comeback-trail-can-foreign-marques-regain-lost-ground-amid-chinas-ev-revolution Sat, 02 May 2026 03:00:08 +0000 Xiaofei Xu Xiaofei Xu BMW could be approaching the end of the tunnel in China as signs of stabilisation raise hopes of a turnaround after the German carmaker reported that sales dropped by double digits in the key market in 2025. “Transaction prices in the market for our products have stabilised … and are actually improving slightly compared to [the third quarter],” said Walter Mertl, chief financial officer, during a press conference on Thursday. “If the run rate continues this way, we have the opportunity to go... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3346403/bmw-sees-smoother-road-ahead-china-after-sales-skid-2025 https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3346403/bmw-sees-smoother-road-ahead-china-after-sales-skid-2025 Fri, 13 Mar 2026 00:00:48 +0000 Josh Sims Josh Sims Andrea Zagato says that, when you’re 106 years old, you think very carefully before risking your reputation. “It’s a lot of history to protect,” says the CEO of the legendary Italian coachbuilding company that bears his family name. Zagato was founded by his grandfather Ugo in 1919, and would go on to lend its styling skills to the likes of Bugatti, Rolls-Royce, Porsche, Bentley, Aston Martin and Lamborghini; and to make classic versions of the Ferrari 575 GTZ, Alfa Romeo TZ3 Corsa and BMW... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/lifestyle/design/article/3343459/andrea-zagato-us3-million-capricorn-01-italian-coachbuilder-zagatos-first-hypercar https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/lifestyle/design/article/3343459/andrea-zagato-us3-million-capricorn-01-italian-coachbuilder-zagatos-first-hypercar Wed, 18 Feb 2026 22:00:10 +0000 Agence France-Presse Agence France-Presse Eileen Gu soared to double Olympic gold as a teenager four years ago, but it was the colour of her passport that drew as much scrutiny as her stunning displays. Gu was born and raised in San Francisco and started her freeskiing career representing the United States, only to switch allegiance to China – where her mother is from – in 2019. That decision drew intense interest at the 2022 Beijing Winter Olympics when she delivered two golds and a silver for the hosts and became one of the faces of... https://www-scmp-com.libproxy1.nus.edu.sg/sport/china/article/3341937/eileen-gu-be-spotlight-winter-olympics-again-passport-issue-refuses-go-away https://www-scmp-com.libproxy1.nus.edu.sg/sport/china/article/3341937/eileen-gu-be-spotlight-winter-olympics-again-passport-issue-refuses-go-away Sat, 31 Jan 2026 07:45:15 +0000 Connor Mycroft Connor Mycroft Hong Kong police have arrested an off-duty officer who allegedly lost control of his vehicle and knocked down an elderly man in Yuen Long. The force said on Saturday that the 34-year-old driver, surnamed Chan, was travelling along On Lok Road towards Tai Kiu Road at around 2.23pm when he lost control of his Porsche and crashed into the 70-year-old man. Officers were deployed to the scene and discovered the elderly man, also surnamed Chan, unconscious. The driver sustained injuries to his hands... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3337892/elderly-man-unconscious-after-being-hit-hk23-million-porsche-hong-kong https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3337892/elderly-man-unconscious-after-being-hit-hk23-million-porsche-hong-kong Sat, 27 Dec 2025 10:15:56 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. BYD plans giant Brazil factory to scale electric bus and truck production Chinese carmaker BYD plans to build a new factory in Brazil within the next three years after rising demand for electric buses filled its existing production capacity and forced the company to redraw its... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3337575/byds-big-plans-brazil-xpeng-tries-go-global-7-ev-reads https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3337575/byds-big-plans-brazil-xpeng-tries-go-global-7-ev-reads Wed, 24 Dec 2025 07:30:08 +0000 Daniel Ren Daniel Ren Chinese electric vehicles (EVs), already the envy of the global automotive industry, have raced to the top of the luxury segment after a new model co-developed by Huawei Technologies outsold Porsche’s Panamera and BMW’s 7 Series in the world’s largest car market. Maextro S800, a luxury sedan priced from 708,000 yuan (US$100,555) to 1 million yuan, recorded 2,145 deliveries in mainland China last month, more than the combined sales of the Panamera and the 7 Series, according to data provider ECC... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3337532/luxury-model-built-huawei-outsells-porsches-panamera-and-bmws-7-series-china https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3337532/luxury-model-built-huawei-outsells-porsches-panamera-and-bmws-7-series-china Tue, 23 Dec 2025 12:31:21 +0000 Associated Press Associated Press Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world’s largest auto market. A prolonged property downturn in China has left many consumers with little appetite for big purchases. Meanwhile, the well-to-do are... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3336375/sales-high-end-cars-tumble-china-affordable-local-brands-trump-european-marques https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3336375/sales-high-end-cars-tumble-china-affordable-local-brands-trump-european-marques Sun, 14 Dec 2025 07:22:53 +0000 Yating Yang Yating Yang A Chinese gym has recently launched a controversial weight-loss challenge, offering a luxury car as a reward to anyone who successfully loses 50kg in three months. While the promotion has garnered significant online interest, it has also raised serious concerns among health experts regarding the dangers of extreme weight loss in a short time frame. On October 23, a fitness training centre in Binzhou, Shandong province, northern China, announced the bold weight-loss challenge online, which... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3330708/chinese-gym-offers-porsche-losing-50kg-3-months-charges-us1400-entry-fee https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3330708/chinese-gym-offers-porsche-losing-50kg-3-months-charges-us1400-entry-fee Wed, 29 Oct 2025 02:35:41 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof A collector has offered Malaysia’s growing trading-card community a chance to own a piece of Pokemon “history,” putting part of his rare trove up for sale for 1.87 million ringgit (US$441,993) with an alternative deal: he is willing to trade it for a Porsche 911 Carrera 4S plus additional cash. Damiral Imran listed his collection on social media, where he described it as “history, rarity and legacy in one vault”. According to screenshots from Shiny, a global card-valuation tracker, Damiral’s... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/lifestyle-culture/article/3330013/malaysian-pokemon-collector-seeks-us441993-or-porsche-rare-card-trove https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/lifestyle-culture/article/3330013/malaysian-pokemon-collector-seeks-us441993-or-porsche-rare-card-trove Thu, 23 Oct 2025 04:28:44 +0000 Bloomberg Bloomberg Chinese carmakers are already beating their Western rivals when it comes to winning over the country’s middle-class drivers. Now they are coming for rich customers looking to add a little extra to their cars. Xiaomi last month started a service that will allow buyers to customise their 529,900 yuan (US$74,000) SU7 Ultra racer electric sedans with select trim and paint jobs – adding at least 100,000 yuan to the sticker price. A major smartphone designer that is making quick inroads with its... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3327944/xiaomi-takes-porsche-customised-luxury-evs-china https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3327944/xiaomi-takes-porsche-customised-luxury-evs-china Mon, 06 Oct 2025 01:36:33 +0000 Hadi Azmi Hadi Azmi Malaysia lost US$8.5 million in unpaid road tax after politicians and VIPs skipped payments on their Rolls-Royces, Ferraris and Lamborghinis, a revelation that has triggered public anger over double standards and elite impunity. Across Asia, anger at elite privilege is boiling, with resentment over the perceived excesses of “nepo babies” toppling the government in Nepal and sparking protests in the Philippines. Indonesians are pushing back against the owners of luxury vehicles abusing sirens to... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3326805/malaysia-puts-brakes-luxury-car-owners-skipping-out-us85-million-road-tax https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3326805/malaysia-puts-brakes-luxury-car-owners-skipping-out-us85-million-road-tax Thu, 25 Sep 2025 06:32:16 +0000 Bloomberg Bloomberg One of the world’s most iconic bridges will swap cars for tens of thousands of pounding feet on Sunday morning, as Sydney joins the elite ranks of the World Marathon Majors. About 35,000 people are expected to toe the start line in Australia’s biggest marathon to date, including the fastest man to run the distance, Kenya’s Eliud Kipchoge. The 26.2 mile course crosses the Sydney Harbour Bridge and loops through downtown and Centennial Park before ending at the famous Opera House steps. Growing... https://www-scmp-com.libproxy1.nus.edu.sg/sport/other-sport/article/3323458/worlds-fastest-marathon-man-kipchoge-lead-runners-sydney-race-joins-elite-group https://www-scmp-com.libproxy1.nus.edu.sg/sport/other-sport/article/3323458/worlds-fastest-marathon-man-kipchoge-lead-runners-sydney-race-joins-elite-group Thu, 28 Aug 2025 07:00:15 +0000 Hadi Azmi Hadi Azmi Hackers are increasingly targeting Malaysia’s growing automotive sector, cybersecurity experts have warned in a new report that raises alarm over gaps in threat detection, including potential data theft via phones hooked to digital dashboards on vehicles. A key automotive manufacturing hub in Southeast Asia, Malaysia has attracted around 26 billion ringgit (US$6.15 billion) in electric vehicle investments since 2018 from global marquee names including Tesla, Mercedes-Benz, Volvo, BMW, Porsche,... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3320100/hackers-target-malaysia-ev-boom-cybersecurity-flaws-revealed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3320100/hackers-target-malaysia-ev-boom-cybersecurity-flaws-revealed Wed, 30 Jul 2025 06:16:50 +0000 Matthew Marsh Matthew Marsh “The first night session couldn’t have been more stressful if there were snakes in the car and meteorites falling from the sky.” Antares Au isn’t new to 24-hour racing – he’s won his class at Belgium’s Spa and Germany’s Nürburgring – but nothing, he says, quite prepares you for the 24 Hours of Le Mans. Last month marked his debut at France’s legendary endurance race, alongside fellow Hongkonger Jonathan Hui Kin-tak. They were two drivers on the 62 teams competing at this year’s race, and for a... https://www-scmp-com.libproxy1.nus.edu.sg/postmag/passions/article/3317839/meet-one-track-minds-behind-le-mans-24-hour-race https://www-scmp-com.libproxy1.nus.edu.sg/postmag/passions/article/3317839/meet-one-track-minds-behind-le-mans-24-hour-race Sat, 12 Jul 2025 22:15:07 +0000 Zoey Zhang Zoey Zhang Young women in southern China are spending 99 yuan (US$14) to relax with fit, handsome men who treat them to luxury car rides after work. According to the mainland media outlet Vista Hydrogen Business, a new trend called “city ride” is gaining traction in cities like Shanghai, Hangzhou, and Xiamen. This service features so-called “man bodhisattvas,” who provide companionship rides in expensive vehicles. These men are often affluent university students who use their families’ luxury cars during... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3313580/china-women-pay-us14-unwind-charming-men-who-take-them-luxury-car-rides https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3313580/china-women-pay-us14-unwind-charming-men-who-take-them-luxury-car-rides Thu, 12 Jun 2025 01:00:08 +0000 Yujie Xue Yujie Xue Chinese smartphone maker Xiaomi will start making money from its electric-vehicle (EV) venture by the end of this year, according to its founder and CEO Lei Jun, less than two years after rolling its first units off the assembly line, as demand surpassed expectations. Losses have narrowed, and the unit could become profitable by the third or fourth quarter, local media The Paper reported on Tuesday, quoting Lei during a presentation in Beijing. Xiaomi was confident about its sales following the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3312930/xiaomis-ev-unit-become-profitable-year-ceo-lei-jun-says https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3312930/xiaomis-ev-unit-become-profitable-year-ceo-lei-jun-says Tue, 03 Jun 2025 12:47:44 +0000 Christopher DeWolf Christopher DeWolf It has been at least three years since Norman Foster was last in Hong Kong. “I’m overdue for a visit,” says the renowned British architect, who turns 90 next Sunday. The Pritzker Prize laureate has a long history with the city. In the mid-1980s, his design for the HSBC headquarters in Central propelled him to international fame, thanks to its innovative modular construction, inside-out structure and early focus on environmental sustainability. In the late 90s, Foster’s design for the Hong Kong... https://www-scmp-com.libproxy1.nus.edu.sg/postmag/design-interiors/article/3311478/architect-norman-foster-who-designed-hsbcs-hong-kong-hq-reflects-his-legacy https://www-scmp-com.libproxy1.nus.edu.sg/postmag/design-interiors/article/3311478/architect-norman-foster-who-designed-hsbcs-hong-kong-hq-reflects-his-legacy Fri, 23 May 2025 09:00:16 +0000 Alice Yan Alice Yan A saleswoman who shot to fame for selling the most Porsche cars in the northern China region said she is regularly harassed by sex-related rumours, forcing her to call the police in one case because of her top sales performance. Molly Mu Qianwen grabbed national attention in January last year for being the sales champion among all the Porsche Northern China offices, thus winning an award from the CEO of Porsche China after she sold 170 vehicles in 2023. She continued her success by stating on... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3306185/china-top-porsche-seller-340-cars-sold-2-years-harassed-sex-related-rumours https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3306185/china-top-porsche-seller-340-cars-sold-2-years-harassed-sex-related-rumours Wed, 16 Apr 2025 06:00:13 +0000 Porsche has struggled with electric vehicles since the debut of the Taycan in 2019. But a product review like this exists separately from those problems. When I drove the Taycan, for instance, I thought it was the best-driving electric sedan money could buy at the time. It felt adult and well-made in a sea of poorly constructed, appliance-like things made by tech bros. So I’ve been curious to drive Porsche’s second all-electric vehicle, the Macan Electric. The model comes in four variants: the... https://www-scmp-com.libproxy1.nus.edu.sg/lifestyle/travel-leisure/article/3299607/porsche-macan-electric-suv-matches-looks-comfort-and-power https://www-scmp-com.libproxy1.nus.edu.sg/lifestyle/travel-leisure/article/3299607/porsche-macan-electric-suv-matches-looks-comfort-and-power Sun, 23 Feb 2025 08:15:08 +0000 Only a few years ago it looked as if the days of the petrol-fired engine were numbered. Now makers such as Mercedes-Benz, Audi and Toyota are saying they expect to sell combustion-engine cars for longer than expected amid disappointing sales of electric vehicles (EVs). Carmakers are feeling the pain of the EV slowdown after governments shut down popular subsidies for the technology, making the already more expensive electrics even less attractive to buyers. Gaping holes in charging... https://www-scmp-com.libproxy1.nus.edu.sg/lifestyle/travel-leisure/article/3288957/new-petrol-engines-developed-carmakers-including-toyota-and-mercedes-ev-sales-stall https://www-scmp-com.libproxy1.nus.edu.sg/lifestyle/travel-leisure/article/3288957/new-petrol-engines-developed-carmakers-including-toyota-and-mercedes-ev-sales-stall Mon, 02 Dec 2024 08:30:21 +0000 Despite calls by European Union political leaders to “de-risk” economic ties with China, EU businesses’ greenfield investments there surged to record levels in the second quarter of 2024, led by German carmakers. Greenfield investments – the creation of a new company or establishment of new facilities – soared to €3.6 billion (US$3.9 billion) in China from April through June, according to the Rhodium Group consultancy. This was the highest quarterly level on record and well above the average... https://www-scmp-com.libproxy1.nus.edu.sg/news/china/article/3284530/eu-investments-china-soar-new-quarterly-record-us39-billion https://www-scmp-com.libproxy1.nus.edu.sg/news/china/article/3284530/eu-investments-china-soar-new-quarterly-record-us39-billion Thu, 31 Oct 2024 06:00:08 +0000 Ishani Sarkar Ishani Sarkar Overnight multimillionaire Edwin Castro raked in his immense wealth with an outstanding stroke of luck: he won the biggest US lottery jackpot ever, the Powerball, worth US$2.04 billion, per The New York Times. After taxes, he reportedly walked away with a lump sum of US$628.5 million on Valentine’s Day last year and swiftly became a media darling for how he has been spending his fortune. Powerball winner Edwin Castro, who became an overnight multimillionaire after claiming a one-off lump sum of... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/entertainment/article/3270790/what-edwin-castro-doing-year-after-his-epic-us-lottery-win-powerball-turned-former-mechanic https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/entertainment/article/3270790/what-edwin-castro-doing-year-after-his-epic-us-lottery-win-powerball-turned-former-mechanic Wed, 17 Jul 2024 20:00:10 +0000 Ann Cao Ann Cao Shanghai on Friday released a white list to expedite cross-border data transfers for companies that operate in its pilot free-trade zone, including electric vehicle maker Tesla, providing a much-needed boost for the country’s efforts to retain and reel in more international business. The first batch of this “general data” list, which covers 64 categories, will enable enterprises involved in intelligent connected vehicles, publicly offered funds and biopharmaceuticals to make data transfers... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3263143/shanghai-releases-white-list-expedite-overseas-data-transfers-tesla-other-firms-citys-free-trade https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3263143/shanghai-releases-white-list-expedite-overseas-data-transfers-tesla-other-firms-citys-free-trade Fri, 17 May 2024 13:06:54 +0000 Chinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in Beijing close to its car manufacturing facility, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model 3 in the world’s largest EV market. The high-end SU7 Pro costs 245,900 yuan while the SU7 Max, the most powerful vehicle in the series, was priced at 299,900 yuan. Xiaomi has started pre-orders on the vehicles, including... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3257139/xiaomi-surprises-lower-expected-pricing-new-evs-new-challenge-tesla https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3257139/xiaomi-surprises-lower-expected-pricing-new-evs-new-challenge-tesla Thu, 28 Mar 2024 14:25:25 +0000 Foreign companies including American electric car manufacturer Tesla and Porsche’s China sales arm are among the firms being sought for their input as Shanghai steps up implementation of a three-tiered cross-border data flow regime amid efforts to reel in and retain international businesses. Officials in China’s prominent industrial and commercial hub are striving to put in place by March lists of data permitted to flow abroad without restrictions, and of data that must receive further... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3250187/tesla-porsche-chip-shanghai-seeks-fix-sore-point-foreign-firms-3-tier-cross-border-data-flow-rules https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3250187/tesla-porsche-chip-shanghai-seeks-fix-sore-point-foreign-firms-3-tier-cross-border-data-flow-rules Mon, 29 Jan 2024 14:00:24 +0000 When Volkswagen spun off Porsche in late 2022, the investment community had visions of a supercar stock to rival Ferrari. The dream is yet to become a reality, and some investors are doubting it ever will. While Ferrari shares have soared more than 50 per cent since the start of last year, Porsche has declined by about a fifth, sending its market value closer toward parity with that of its former parent – a far cry from a gap that once stood at €40 billion (US$43 billion). At the same time,... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3249722/porsches-investors-lose-hope-supercar-stock-ferrari-chinas-slowdown-adds-weight-sales-slump https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3249722/porsches-investors-lose-hope-supercar-stock-ferrari-chinas-slowdown-adds-weight-sales-slump Thu, 25 Jan 2024 06:41:11 +0000 It’s no secret that celebrities have a penchant for the finer things in life – and they definitely don’t hold back on splurging on their favourite whips. Read on for some of the most expensive luxury cars owned by celebrities should make any car lover jealous. 6. 1955 Porsche 550 Spyder – US$5.3 million Owned by: Jerry Seinfeld When it comes to expensive car collections, no list is complete without comedian Jerry Seinfeld. The almost-billionaire auctioned off a 1955 Porsche 550 Spyder for... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/entertainment/article/3245976/6-most-expensive-celebrity-owned-cars-ever-cristiano-ronaldos-limited-edition-bugatti-centodieci https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/entertainment/article/3245976/6-most-expensive-celebrity-owned-cars-ever-cristiano-ronaldos-limited-edition-bugatti-centodieci Sat, 23 Dec 2023 21:00:21 +0000 A group of residents in central China have become a source of national amusement after they bought fake Porsche cars at an extreme discount only to discover that the vehicles were fraught with problems. Their dilemma spread throughout China after they complained on Henan TV that they struggled to contact the manufacturer or dealer to fix or refund the cheap imitations. The vehicles, which were sold under the brand Da Ka Yan (a transliteration of the Porsche Cayenne), only cost 23,000 yuan... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3245701/my-car-tractor-china-buyers-pay-us3200-fake-porsche-full-problems-faulty-handbrakes-noisy-engines https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3245701/my-car-tractor-china-buyers-pay-us3200-fake-porsche-full-problems-faulty-handbrakes-noisy-engines Fri, 22 Dec 2023 06:00:23 +0000 BYD introduced its Dolphin electric vehicle to Japan, betting that the compact hatch will help spearhead sales in a market that remains hesitant to embrace Chinese carmakers or EVs. The Dolphin will start from 3.63 million yen (US$24,560), BYD Auto Japan announced on Wednesday at a launch event in Tokyo. The base model has a 70 kilowatt hour battery offering 400km of range. The extended-range model is priced at 4 million yen, with the 150 kWh battery giving 476km per charge. While BYD is China’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3235136/byd-launches-dolphin-ev-japan-pry-open-market-dominated-local-heavyweights-toyota-honda-and-nissan https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3235136/byd-launches-dolphin-ev-japan-pry-open-market-dominated-local-heavyweights-toyota-honda-and-nissan Wed, 20 Sep 2023 02:23:16 +0000 A group of Ukrainian volunteers has transformed a Porsche Cayenne SUV 3.0 into a military vehicle for one of the army commanders leading the fight against the Russian invasion. German donors gave the luxury vehicle, worth at least US$70,000 new, to the Car4Ukraine team in March, significantly different from the normal vehicles they convert into war trucks for Ukraine’s battles against Russian forces. “When our team received this Porsche, it was quite a challenge to find the best way to utilise... https://www-scmp-com.libproxy1.nus.edu.sg/news/world/europe/article/3219727/luxury-porsche-converted-military-vehicle-ukrainian-commander https://www-scmp-com.libproxy1.nus.edu.sg/news/world/europe/article/3219727/luxury-porsche-converted-military-vehicle-ukrainian-commander Mon, 08 May 2023 02:59:20 +0000 Three people were arrested after a HK$45 million (US$5.7 million) drugs haul was found in a hotel room and village house in Hong Kong, police on Friday said. Inspector Chu Siu-lun of the narcotics bureau said the drug trafficking syndicate behind the scheme used luxury cars worth more than HK$1 million each to move the illegal stashes in a bid to cut the chances of being pulled over by police. It is alleged a 46-year-old man, his girlfriend, 31, and another woman, 22, were recruited by the... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/law-and-crime/article/3212260/three-arrested-hong-kong-police-seize-hk45-million-drugs-hotel-room-and-house https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/law-and-crime/article/3212260/three-arrested-hong-kong-police-seize-hk45-million-drugs-hotel-room-and-house Fri, 03 Mar 2023 09:16:29 +0000 If 20-plus years in Hong Kong finance have taught Antares Au anything it is about risk and reward – lessons he is applying to his second career in endurance racing. But the nearly eight years behind the steering wheel have done something else for the 44-year-old, they have made him a better person. Au acknowledges that the world of finance is a small one, inhabited by “lawyers, bankers and accountants”, and the homogeneous nature of the industry was not always welcome. “I would be a very... https://www-scmp-com.libproxy1.nus.edu.sg/sport/motorsport/article/3208722/asian-le-mans-series-risk-and-reward-finance-world-guiding-aus-approach-endurance-racing https://www-scmp-com.libproxy1.nus.edu.sg/sport/motorsport/article/3208722/asian-le-mans-series-risk-and-reward-finance-world-guiding-aus-approach-endurance-racing Thu, 02 Feb 2023 00:00:08 +0000 The Formula One season recently came to a close with another exciting finish in Abu Dhabi, but Red Bull’s speed racer Max Verstappen had already bagged the championship in Japan last month. The Belgian-Dutch national secured his second straight World Championship title during the 18th round, as per the official Formula One website. F1 brings a lot of prestige, and the financial pay-off from top brand sponsors is off the charts. So who are the top-paid racers of 2022, according to a recent... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3200995/10-highest-paid-formula-one-racers-2022-red-bulls-max-verstappen-and-daniel-ricciardo-mercedes-lewis https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3200995/10-highest-paid-formula-one-racers-2022-red-bulls-max-verstappen-and-daniel-ricciardo-mercedes-lewis Fri, 25 Nov 2022 17:00:16 +0000 The German car industry’s bid to wrest the electric-vehicle crown from Tesla veered off course this week with stumbles for Volkswagen and Mercedes-Benz. VW plans to delay a key project by at least two years after software fumbles, according to a person familiar with the situation, calling into question its ambitious €52 billion (US$54 billion) EV roll-out touted as the industry’s biggest. Also this week, Mercedes cut prices of its flagship EQS EV in China by about US$33,000 after misjudging the... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3200372/vw-and-mercedes-electric-car-ambitions-run-trouble-forcing-german-firms-re-evaluate-strategies https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3200372/vw-and-mercedes-electric-car-ambitions-run-trouble-forcing-german-firms-re-evaluate-strategies Mon, 21 Nov 2022 05:56:39 +0000 Jebsen Group, the Hong Kong company that owns Blue Girl Beer and distributes Porsche in Hong Kong and mainland China, has launched a children’s storytelling toy that it hopes will be a hit locally and eventually in China’s multibillion-dollar toy market. The company is selling German company Boxine’s Toniebox – a fabric-covered speaker that plays audio content when kids insert figurines of fictional characters, which are sold separately – in Hong Kong and eventually plans to offer it in mainland... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3196024/company-brought-porsche-and-blue-girl-hong-kong-launches https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3196024/company-brought-porsche-and-blue-girl-hong-kong-launches Sun, 16 Oct 2022 04:30:07 +0000 You can clearly see the influence of the Ferraris of bygone times in the design of the marque’s contemporary cars. Similarly, Lamborghini’s current Huracan and Aventador hark back to the classic Countach, Diablo and Miura models. But there’s only one sports car that has an unbroken design legacy dating back more than five decades: the Porsche 911. Where other carmakers’ modern models look like distant relatives of the legendary 20th century forebears that are the source of their DNA, each... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/tech-design/article/3186753/porsche-911-worlds-most-timeless-sports-car-almost-60 https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/tech-design/article/3186753/porsche-911-worlds-most-timeless-sports-car-almost-60 Wed, 27 Jul 2022 07:58:49 +0000 Kim Kardashian has a US$3.8 million car collection that includes five Maybachs, but her sister Kylie Jenner’s garage full of motors worth US$14 million blows that out of the water. Khloé Kardashian has also been seen by TV audiences in some pretty impressive rides over the years, including a Mercedes-Benz SLR McLaren, Jeep Wrangler Sahara and white Bentley Continental GT. And Khloé is not the only one with an aesthetically pleasing collection – her daughter True Thompson already has mini... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3180205/inside-khloe-kardashians-multi-million-dollar-car https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3180205/inside-khloe-kardashians-multi-million-dollar-car Sun, 05 Jun 2022 17:00:30 +0000 This article is part of STYLE’s Luxury Column. Bugatti was the ultimate hyper car even before the term hyper car was created. Founded in 1909 in Molsheim, Bugatti made a name for itself from the onset for winning races and creating stunningly beautiful cars. When Ettore Bugatti died in 1947, the brand vanished with only around 8,000 cars built, among those the iconic Type 57 SC Atlantic, for many the most beautiful car ever made. To call it a car would not give it justice. A piece of art seems... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/luxury/article/3140326/why-bugattis-sale-marks-end-petrol-cars-porsche-takes https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/luxury/article/3140326/why-bugattis-sale-marks-end-petrol-cars-porsche-takes Thu, 08 Jul 2021 08:20:03 +0000 Nearly everyone has a dream car in the back of their mind. Perhaps not even a specific brand or model, but a colour, style, shape or vibe. The only difference between celebrities and the rest of us is that A-listers get to collect their dream cars. So which K-pop stars have the most envy-worthy car collections? STYLE thumbed up to present this list of the biggest report idol splurges. Here’s what we know. 5 jealous K-drama celebrity couples G-Dragon has three limited edition supercars Just as... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3133015/which-k-pop-idol-owns-most-expensive-car-exos-chanyeol-g https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/celebrity/article/3133015/which-k-pop-idol-owns-most-expensive-car-exos-chanyeol-g Tue, 11 May 2021 05:50:56 +0000 Mercedes-Benz has finally lifted the veil on the highly anticipated EQS battery electric car, marking the brand’s entry into the competitive luxury electric game. The top tier of the electric car market is relatively empty at the moment and dominated by the Tesla Model S; however, Mercedes plans to set a new standard in the segment with the most cutting-edge car it has ever created. 18 of the coolest EVs to come to market by 2023 Ahead of the launch, the German carmaker teased some of the... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/luxury/article/3131237/mercedes-benz-eqs-electric-car-has-100km-more-range-teslas https://www-scmp-com.libproxy1.nus.edu.sg/magazines/style/luxury/article/3131237/mercedes-benz-eqs-electric-car-has-100km-more-range-teslas Tue, 27 Apr 2021 20:00:15 +0000