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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.
People shopping in Beijing on May 7. Photo: AFP
China economy

Opinion | Chinese companies must now focus on wooing consumers at home

Re-routing exports away from the US offers only brief relief; the playbook must now start at home, with China’s vast market.

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China-EU relations

As China, EU eye warm ties, Brussels aims to protect its manufacturing base

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Electric & new energy vehicles

China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

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Electric & new energy vehicles

Xpeng launches G7 ‘Super AI’ SUV, taking on Xiaomi YU7 and Tesla Model Y

The G7, Xpeng’s first model to feature its in-house Turing AI chip, starts at 195,800 yuan (US$27,325).

Xpeng’s G7 sits next to a model of the company’s slef-developed AI chip. Photo: Weibo
Tesla

Tesla’s global sales drop again as competition, Musk backlash bite

But Tesla shares gained 3 per cent in early trading as the drop in sales proved less severe than the bleakest analyst projections.

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Electric & new energy vehicles

BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

BYD had its best month this year in June, while Geely Auto is gunning for record deliveries in 2025 after a robust first-half performance.

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Electric & new energy vehicles

Xiaomi squeezes Tesla with China SUV order flood

Elon Musk’s Tesla faces renewed pressure in China, its largest overseas market, after a Xiaomi SUV got 200,000 pre-orders in just three minutes.

Xiaomi CEO Lei Jun introduces the YU7. Photo: AFP
Japan

Japan races against time to avoid US car tariffs as deadline looms

Japan’s top envoy flew to Washington for last-ditch talks, but Trump’s ‘Dear Mr Japan’ remarks signal a tough road ahead.

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Electric & new energy vehicles

Chinese EV battery firm Eve eyes second Malaysia plant

The US$1.2 billion facility, revealed weeks after company’s Hong Kong listing plan, will make batteries for energy-storage systems.

Electric & new energy vehicles

Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Bookings for the SUV, priced from US$35,366, hit 200,000 in just three minutes, company says.

Xiaomi co-founder and CEO Lei Jun speaks at the launch of the YU7 SUV car in Beijing on May 22. Photo: AFP
US-China relations

Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

Corporate giants Amazon, Apple, Meta and Nvidia rank outside top 10 but still among tech firms at risk.

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Assembly team worker Kevin Garner lowers the engine assembly onto the frame of a large SUV at a General Motors assembly plant in Arlington, Texas. Photo: The Dallas Morning News/TNS
Electric & new energy vehicles

Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

YU7 starts at around US$35,322; Xiaomi CEO says ‘we have set an unreasonable goal of beating the Model Y’.

China economy

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

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Electric & new energy vehicles

CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

CATL chief manufacturing officer Ni Jun says EV discount war will not end if Beijing authorities remain on the sidelines.

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CATL’s Ni Jun. Photo: World Economic Forum
Electric & new energy vehicles

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

Carmaker’s six vessels can carry 48,600 cars, and two more ships will add 16,200 to that total soon, company says.

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

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

Tesla is finally entering the robotaxi business, but Baidu has been testing its service for years.

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Tesla

Tesla launches long-discussed robotaxi service

Elon Musk’s decade-long robotaxi vision takes its first steps, utilising the Tesla Model Y initially.

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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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Visitors at Xpeng’s booth at the Hong Kong International Automotive and Supply Chain Expo on Thursday. Photo: Eugene Lee
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.

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.

Hong Kong Chief Executive John Lee Ka-chiu (eighth from the left) officiating the opening of the 2025 Hong Kong Automotive Expo at the AsiaWorld Expo on June 12, 2025. Photo: Cao Li
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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