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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.
Geely cars are assembled at the carmaker’s plant in Guiyang city in southwest China’s Guizhou province. Photo: Xinhua
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.

Electric & new energy vehicles

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

Electric & new energy vehicles

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

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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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Tesla electric vehicles are parked in a Tesla dealer in New Jersey. India has taken notable steps to court Tesla, such as slashing tariffs on luxury vehicles priced above US$40,000. Photo: Reuters
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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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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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.

Xiaomi founder, chairman and CEO, Lei Jun. Photo: AFP
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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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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Workers assemble electric vehicles at a factory in Chongqing, China. Photo: EPA-EFE
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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Robotics

Self-driving mining trucks offer a glimpse of China’s hi-tech future

A coal mine in Inner Mongolia showcases Beijing’s determination to transform traditional industries with advanced technologies.

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Foxconn

Foxconn expects robust revenue growth from AI despite US tariffs

The world’s largest contract electronics manufacturer plans to enter the US market by the end of this year, chairman Young Liu says.

Foxconn’s headquarters in New Taipei City. Photo: AFP
Electric & new energy vehicles

Can this US$7,000 single-seat EV spark a revolution in Japan?

Start-up KG Motors’ battery-powered mibot has a range of 100km, a charging time of five hours and a top speed of 60km/h.

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Japanese start-up KG Motors has developed a battery-powered one-seater that looks like a futuristic golf cart. Photo: Handout
Electric & new energy vehicles

Chinese lidar maker Hesai zeroes in on Southeast Asia for first overseas plant

Construction on the plant will start later this year and production in late 2026, CFO Andrew Fan says.

Electric & new energy vehicles

Tesla’s brand is losing its shine, lagging BYD and Xiaomi: UBS poll

Tesla lost favour with global customers, with 18 per cent of buyers considering it their top pick last year, down from 22 per cent, UBS says.

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Electric & new energy vehicles

Beijing asks carmakers, trading platforms to clean up used-vehicle market

Ministry of Commerce gathers industry groups, major carmakers and trading platforms for second-hand cars.

Vehicles stuck in traffic in Beijing. Photo: EPA-EFE
European Union

European car sales falter as consumers delay purchases amid economic woes

Sales of petrol and diesel cars posted the biggest declines, outweighing growth in EVs and hybrid vehicles.

China manufacturing

Sweden’s Scania readies €2 billion China factory, eyeing Asian growth

Setting up in the Chinese market gives truck maker access to the next generation of transport technology in China, CEO says.

Electric & new energy vehicles

Renault leverages Shanghai operation for cars aimed at markets outside Europe

Company says Shanghai operation is working on developing models for Ampere and Renault marques for sale outside Europe.

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A Renault electric car in Paris. Photo: Reuters
Electric & new energy vehicles

BYD overtakes Tesla in Europe for the first time as sales jump 169% in April

Shenzhen-based BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics.

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BYD Dolphin Surf EVs are parked at the Chinese carmaker’s event in Berlin, Germany, on Wednesday. Photo: Reuters
Electric & new energy vehicles

Xiaomi’s YU7 SUV aims to dislodge Tesla’s bestselling Model Y from pole position

Sales of the much-anticipated vehicle, which has a driving range of 835km, will start in July at prices that have yet to be announced.

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United States

Trump backer Elon Musk says he will spend ‘a lot less’ on political campaigns

The decision could reflect the world’s richest man’s disenchantment with politics after his tenure at Doge saw intense blowback on Tesla.

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China technology

Editorial | Cautious route best for Hong Kong’s self-driving cars

Hong Kong aims to shift up a gear with trial runs for vehicles on more testing roads, but public safety must remain a priority.

An Apollo Go Robotaxi from Baidu is seen in Chongqing, China, in July 2024. Photo: China News Service/VCG via Getty Images
Electric & new energy vehicles

China’s EV price war worsens, threatening carmakers’ plans to stem losses

Chinese carmakers offered a record high 16.8 per cent average discount last month, from 16.3 per cent in March, JPMorgan findings show.

The U8L SUV by Yangwang, a luxury brand under Chinese electric vehicle giant BYD, is displayed at the Shanghai Auto Show on April 23, 2025. Photo: Reuters
Electric & new energy vehicles

Exclusive | Stellantis, Leapmotor near decision on European production

Leapmotor says production costs likely to rise by 10 per cent compared with former Poland plant, but has no plans to raise prices.

China exports

World’s biggest car carrier sets sail from China, highlighting export ambitions

With a maximum capacity of 9,500 vehicles, Anji Ansheng is the world’s largest car carrier, beating a record only set late last month.

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