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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.
BYD’s Changsha and Xi’an can each carry 9,200 vehicles. Photo: Weibo/白菜研究所Jarvis
Electric & new energy vehicles

China’s BYD expands car-carrier fleet in bet on EV exports

Carmaker’s six vessels can carry 45,600 cars, and two more ships will add 16,200 to that total soon, company says.

Artificial intelligence

How Tesla’s Robotaxi service compares with Baidu’s Apollo Go in China

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Tesla

Tesla launches long-discussed robotaxi service

Electric & new energy vehicles

Exclusive | SemiDrive to supply cockpit chips in European EVs as Chinese firms go global

‘Striving to be a top global chip supplier, we need to expand from the China market to the global market,’ general manager Eugene Wang says.

Visitors look at a display at the booth of SemiDrive Technology at the 2023 Shanghai Auto Show. Photo: Getty Images
Electric & new energy vehicles

Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

Shanghai Yuxing Advertising filed a court case in Jiaxing, Zhejiang province, against the EV maker for non-payment of dues.

China's economic recovery

China’s economy weathers US tariff storm in May as consumption picks up

The trade war continued to weigh on China’s manufacturing and exports in May, but retail sales gained momentum.

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Electric & new energy vehicles

Chinese carmaker GAC’s electric-van unit takes aim at European market

Miraco Motor hopes to grab 10 per cent of Europe’s annual sales of 1.7 million vans.

Miraco Motor CEO Xiao Ning at the International Automotive & Supply Chain Expo on June 12, 2025. Photo: Handout
China technology

Hong Kong to allow drones with higher payloads to boost low-altitude economy

Laws and regulations are being amended to promote the development of the low-altitude economy, deputy financial secretary says.

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US-China relations

Opinion | Why shutting out Chinese manufacturers is a missed opportunity

It’s a matter of time before Chinese products find their way into the markets anyway – trade barriers achieve very little without industrial policy.

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Electric & new energy vehicles

Xpeng and Chinese EV peers aim to win over Hongkongers amid global push

‘Xpeng and other mainland Chinese companies have abundant new technologies that can be introduced to Hong Kong,’ CEO says at expo in city.

Visitors walk among Chinese electric cars at the 2025 Hong Kong Automotive Expo at Asia-World Expo on June 12, 2025. Photo: Daniel Ren
Banking & finance

Horizon Robotics plans to raise US$595 million in Hong Kong share placement

The maker of artificial intelligence chips for self-driving cars went public in Hong Kong last year.

Yu Kai, the chairman and chief executive of Horizon Robotics, in Hong Kong last year. Photo: handout
IPO

Chery to debut in third quarter as carmaker uses Hong Kong as a springboard

Hong Kong Chief Executive John Lee touts city’s capital markets and professional services at auto expo.

Electric & new energy vehicles

Chinese EV maker Leapmotor jumps into Hong Kong market

Beachhead in city will reach global consumers and help international investors better understand the company, founder and CEO says.

China economy

Opinion | As China reins in the EV sector, 1 solution stands above the rest

Industry consolidation would not only end an unsustainable race to the bottom but also help Beijing’s broader economic agenda.

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Employees work on an assembly line of an EV factory in Chongqing on May 20. After consolidation, the remaining companies will be in a stronger financial position to provide more stable employment and higher wages. Photo: EPA-EFE
Electric & new energy vehicles

BYD and other mainland carmakers pledge to speed up payments to suppliers

The 14 carmakers say the move came as a result of regulatory guidance on the sustainable development of China’s auto sector.

Customers look at BYD cars at an auto show in Yantai, China. Photo: AFP
Electric & new energy vehicles

Chinese EV battery maker Eve Energy jumps on Hong Kong IPO bandwagon

The firm joins more than a dozen smart-mobility companies from mainland China aiming to raise funds amid the city’s listing surge.

Electric & new energy vehicles

China’s Geely hits the brakes on new plant construction globally: Li Shufu

Billionaire chairman says mainland China’s second-largest carmaker will focus on improving technological capabilities.

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Electric & new energy vehicles

The competition for budget-conscious EV buyers in China heats up

Apart from hefty price discounts, carmakers are offering more bells and whistles in their latest models to stand out from the crowd.

The BYD Seal 06 can self-park and has voice-activated recognition capability, enhancing its competitiveness in the sub-US$20,000 segment. Photo: AP
Electric & new energy vehicles

How BYD and Chinese peers are transforming Europe’s small EV market

Volkswagen, Renault and other EU stalwarts prepare a slew of smaller, cheaper EVs to fight an influx of Chinese models.

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India

Tesla’s India entry appears in doubt after minister questions intent

Heavy industries minister says Tesla is ‘more interested’ in establishing showrooms and ‘not interested’ in manufacturing in India.

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Electric & new energy vehicles

After CATL’s spark, China’s EV players bank on Hong Kong IPOs for growth funds

China’s top smart mobility firms like Chery Auto, Seres Group and Hesai eye Hong Kong market to fund global expansion plans.

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Exchange Square in Central, Hong Kong. Photo: Shutterstock
Donald Trump

Trump tells Merz it might be better to let Ukraine, Russia ‘fight for a while’

US president says he shared his comparison of the conflict to a fight between young children in his call with Putin.

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US President Donald Trump (left) receives German Chancellor Friedrich Merz in front of the White House on Thursday. Photo: dpa
Xiaomi

Xiaomi founder stays on as honorary chairman at Chinese software firm

Kingsoft Office is best known for its WPS Office software, a popular local alternative to Microsoft Office.

Electric & new energy vehicles

Tesla’s China rivals look closer than they appear in the rear-view mirror

Shanghai Gigafactory deliveries of Model 3s and Model Ys fall 15 per cent from a year earlier.

Science

Next-generation battery expert Zhou Jianbin leaves US for China amid global race

Research into solid-state batteries, seen as a key tech battleground, is a priority for major economies.

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Solid-state batteries are seen as a key technological battleground. Photo: Xinhua
Electric & new energy vehicles

EV price war, BYD woes prompt fears of China Evergrande-style crisis

Chairman of Great Wall Motor says EV price war, profitability problem could nudge industry into a liquidity crunch.

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A BYD model L in Shanghai. Photo: EPA-EFE
China manufacturing

‘Full of gunpowder’: price wars of China’s carmakers deepen, draw Beijing’s ire

A barrage of official condemnation over ‘involuted’ auto sector comes after major industry players offered big discounts amid overcapacity concerns.

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Vietnam

The US$67 billion question: who will fund Vietnam’s North-South express railway?

Vingroup and Thaco’s proposals to build the Hanoi-Ho Chi Minh City high-speed rail line both demand substantial state support.

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