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Automotive industry

Automotive industry
News about the global automotive industry with a focus on developments that matter most for the China market.
Limited to 75 pieces each in its two versions, the RM 43-01 Tourbillon Split-Seconds Chronograph Ferrari marries the supercar-maker’s design DNA with Richard Mille’s precision engineering. Photo: Handout
Style Edit

Style Edit: Enter the RM 43-01 Tourbillon Split-Seconds Chronograph Ferrari

Limited to 75 pieces each in its 2 versions, the RM 43-01 marries Ferrari’s design DNA with Richard Mille’s precision engineering, embodying peak performance with features like a 70-hour power reserve.

Electric & new energy vehicles

SAIC Motor to join Huawei in new smart EV project to stem multi-year sales slump

Electric & new energy vehicles

EVs | Xpeng eyes Toyota’s Alphard, Europe sales with its X9 electric MPV

Canada

Canada offers carmakers tariff relief, as Honda denies plans for switch to US

PM Mark Carney will exempt manufacturers from retaliatory duties as long as they keep making vehicles in the country.

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Canada’s Prime Minister Mark Carney speaks at Nova Bus in Saint-Eustache, Quebec, Canada, on Tuesday. Photo: Reuters
Electric & new energy vehicles

China’s CATL joins with Sinopec to build EV battery-swapping network

World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.

Electric & new energy vehicles

Exclusive | Xpeng to use own Turing AI chip to power its self-driving cars this quarter

Xpeng’s Turing AI chip is three times more powerful in computing power than the Nvidia chip installed in its existing EVs.

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Japan

Opinion | Will Trump’s economic tsunami undermine the US-Japan security partnership?

Tariff shocks have eroded the tentative confidence that the alliance was on a strong footing under Trump’s second administration.

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US President Donald Trump meets Japan’s Prime Minister Shigeru Ishiba at the White House in Washington, US, on February 7. Photo: Reuters
Electric & new energy vehicles

China’s auto-parts makers could face biggest risk from tariff war fallout

At biggest risk US$13.6 billion worth of components which China ships to the US annually.

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South Korea

South Korea unveils emergency measures for car industry hit by Trump tariffs

The measures include financial support for vehicle makers as well as tax cuts and subsidies to boost domestic demand.

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US-China trade war

Chinese semiconductor, auto parts suppliers expect to gain from US trade war

Their view reflects Chinese tech firms’ increased confidence in providing highly competitive alternatives to US imports.

China’s Ministry of Commerce on Tuesday vowed to implement “countermeasures” against any move by the United States to further raise tariffs. Photo: Shutterstock
Donald Trump

In rare break with Trump, Ted Cruz warns tariffs risk Republican ‘bloodbath’

The Texas lawmaker fears the economic fallout will help Democrats reclaim the House or even flip the Senate in next year’s midterm elections.

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US Senator Ted Cruz said the tariffs could destroy US jobs and do “real damage” to the country’s economy. Photo: TNS
Electric & new energy vehicles

China’s lidar sensor firms Hesai, RoboSense stand to gain after fatal EV crash

Adoption of the laser-based sensors will increase as consumers demand safe self-driving systems, analysts say.

Electric & new energy vehicles

BYD to double sales network in South Korea in challenge to Hyundai and Kia

Hyundai and Kia sold 1.2 million cars in South Korea last year, cornering 75 per cent of the local market.

Electric & new energy vehicles

China EVs: Tesla’s quarterly deliveries lag BYD for the second time

Output from the Shanghai Gigafactory dropped to 172,754 units in the first three months of the year from 220,876 a year earlier.

Customers check a Tesla Model Y car at the company’s delivery centre in Beijing. Photo: AFP
Electric & new energy vehicles

‘Millions of drivers need to be educated’ after fatal Xiaomi crash: analysts

Autonomous-driving features carry high safety risks amid a lack knowledge about how the systems work, leader of industry body says.

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Xiaomi will cooperate with the police after an accident involving the autonomous driving feature of its SU7 electric vehicle (EV) claimed three lives. Photo: Weibo/ 南京金刀客
Trade

How one of the world’s largest auto suppliers prepares for ‘Trump tax’

Ontario-based Magna employs 170,000 employees in 28 countries, including 59 facilities in the United States, 50 in Canada, 33 in Mexico and 69 in China.

Electric & new energy vehicles

Top Chinese EV makers power ahead thanks to subsidies, tax incentives

BYD’s first-quarter deliveries rose 59.8 per cent to more than 1 million vehicles.

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China-Russia relations

Opinion | Amid tariff wars, Chinese carmakers are dominating Russian market

The likes of Geely and Chery have filled the gap left by Western rivals. Even with higher duties now levied by Moscow, Chinese vehicles remain the most popular.

Illustration: Craig Stephens
Electric & new energy vehicles

Tesla offers interest-free loans in China for Model Y to lift sagging sales

The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.

Electric & new energy vehicles

China to crack down on unfair EV price cuts to stabilise industry

China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.

Fame and celebrity

Hamilton, Ferrari and Richard Mille: a winning formula in Shanghai

As Hamilton wins in China, the luxury watchmaker unveils the new RM 43-01 Tourbillon Split-Seconds Chronograph in Paris, with legendary race veterans Alain Prost and Felipe Massa in attendance.

Ferrari drivers Charles Leclerc and Lewis Hamilton wearing the new Richard Mille RM 43-01. Photo: Handout
Electric & new energy vehicles

Xpeng CEO says flying car market will be bigger than EVs over next 2 decades

CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.

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Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Electric & new energy vehicles

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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United States

Trump and Canada’s PM Carney ease tensions with ‘productive’ call

The US president says the two leaders have agreed to meet soon after Canada’s general election in April.

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Electric & new energy vehicles

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
Science

EV expert Xu Fuguo returns to China after leaving US$30 million project in Japan

Engineer returns as professor at Dalian university as Japan’s auto industry struggles to keep up with Chinese innovation and market momentum.

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Xu Fuguo, whose research has focused on EV control engineering, started as a professor in the mechanical engineering school at Dalian University of Technology after spending years researching in the Japanese auto sector. Photo: Xinhua
Canada

Era of close ties with US ‘over’, Canada PM says, as Trump asks to talk

Mark Carney says he expects to speak to the US president in ‘a day or two’, and that Canada will retaliate against planned US car tariffs.

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Banking & finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

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