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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.
last updated:
9 September, 2024
Trade between China and Russia continues to rise amid mounting Western sanctions. Photo: Shutterstock
China-Russia relations

How Western sanctions are driving a surge in China-Russia trade

Trade between the two powers continued to grow across a range of categories in 2024, but may face greater headwinds this year.

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Style Edit

Style Edit: BMW’s next gen X3 SUV redefines the premium mid-size category

China manufacturing

China EV giant BYD hits skids in Brazil as ‘slavery-like’ claims slam workforce

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Electric & new energy vehicles

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged

NDRC says buyers of electric cars for replacement purposes would receive US$2,728 this year.

A BYD EA1 Xdream at an exhibition in Shanghai. Photo: AFP
Electric & new energy vehicles

China’s discount war rolls on after 227 EV models slashed prices in 2024

Industry embarks on a new round of price competition that is likely to edge out more underachieving players in 2025.

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Electric & new energy vehicles

China’s 30,000 car dealers face bleak 2025 as price war, e-commerce crimp margins

Despite a 4.7 per cent rise in nationwide car sales, some 4,000 dealerships have closed due to a financial squeeze.

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Autonomous vehicles

Chinese autonomous-driving tech firm Pony.ai eyes robotaxi services in Hong Kong

Pony.ai is seeking to initially provide ‘robotaxi commuting services’ for Hong Kong International Airport staff.

Outside Guangzhou, Pony.ai offers robotaxi services in Beijing, Shanghai and Shenzhen. Photo: Handout
Science

Ex-Dassault aerospace physicist leaves US for China to lead new energy research

Chen Hudong is a pioneer in the simulation of fluid dynamics, which has applications for defence and other hi-tech industries.

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Electric & new energy vehicles

BYD’s fourth-quarter EV output beats Tesla as world’s No 1

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

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Electric & new energy vehicles

Here are the 6 biggest winners in China’s nationwide EV buying spree

BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.

BYD’s electric cars awaiting loading onto a ship for exports at Taicang Port in Suzhou on February 8, 2024. Photo: AFP
Electric & new energy vehicles

China mandates 30% EVs in government fleets in boost for carmakers, net zero

The finance ministry circular on EV purchases was preceded by a similar notice from a central government procurement agency in October.

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BYD, the world’s largest EV maker, is one of the few profitable companies in the industry. Photo: AP Photo
Electric & new energy vehicles

Prices slashed again in China’s EV sector, threatening unprofitable carmakers

An anticipated sales decline after a subsidy expires is expected to exacerbate the financial squeeze that is throttling smaller players.

Electric & new energy vehicles

China’s CATL launches EV chassis that can withstand high-speed crash

Avatr, Changan Auto and Huawei will be the first to use the chassis, which has a battery capable of running for about 1,000km.

Electric & new energy vehicles

China will retain car-export crown in 2025, but growth may slow on EU EV tariffs

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

Workers at an SAIC Motor workshop in Shanghai. Photo: Xinhua
Robotics

China’s industrial robot sales shrink on ‘tightening demand’

Total industrial robot deliveries this year are estimated to reach 300,000 units, down 5 per cent from 2023.

China had 470 robots per 10,000 employees in 2023, up from 402 units a year earlier. Photo: Shutterstock
Electric & new energy vehicles

EV maker Nio unveils Firefly branded cars to take on Mini Cooper and Smart

The launch is an advancement in Nio’s drive into international markets.

Electric & new energy vehicles

China’s car parts, software industry to hit US$356 billion by 2030

Market for car parts and software is likely to grow at an annualised pace of 28.8 per cent between 2026 and 2030.

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Malaysia

Pricey Chinese ‘rebadge’? Malaysia’s first home-grown EV splits opinions

Proton’s e.Mas7 struggles to convince EV fans, with some praising its good value and others dismissing the car as an overpriced model.

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Malaysia’s first locally produced electric vehicle, the e.Mas7, was launched in Kuala Lumpur on December 16. Photo: AFP
Electric & new energy vehicles

Exclusive | China’s EV champion Geely bets on tech edge to expand in Asia, EU

In an interview with the Post, Geely CEO Gui Shengyue discusses the company’s overseas strategy and EU tariffs.

Electric & new energy vehicles

CATL to build 1,000 EV battery swap stations in China to ease range anxiety

Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.

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Mergers & Acquisitions

Nissan and Honda may merge to take on larger rivals and EV makers

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.

BYD’s dealership in Yokohama, the home base of Nissan Motor, on April 3, 2023. Photo: AP
Electric & new energy vehicles

Geely banks on profits from petrol cars as EVs inflict losses on rivals

‘As a carmaker, you will lose a profit growth engine if you do not make petrol cars,’ CEO Gui Shengyue says in interview.

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Petrol-powered cars to make up 30 per cent of Geely’s global auto sales, CEO Gui Shengyue says. Photo: Edmond So
Malaysia

Proton’s new EV challenges BYD and Tesla in Malaysia’s growing market

Proton hopes the launch positions the Malaysian carmaker as a leader in the region’s burgeoning EV market, dominated by Tesla and Chinese brands.

Electric & new energy vehicles

Brazilian ports jammed with 70,000 Chinese EVs as tariffs loom

Chinese carmakers flood the world’s sixth-biggest car market as they try to avoid new tariffs.

Electric & new energy vehicles

Chinese EV maker Nio takes aim at BMW, Audi with new luxury sedan

The ET9, which Nio expects to start delivering in March, is priced at 800,000 yuan (US$110,080) in presale.

A view of Nio’s luxury model the ET9. Photo: Handout
Electric & new energy vehicles

Chinese EV maker Jiyue to cut operations in bid to stay in brutal race

Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.

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A Jiyue 01 EV is displayed at the Beijing Auto Show on April 29, 2024. Photo: AFP
Electric & new energy vehicles

China’s CATL, Stellantis to build US$4.3 billion EV battery plant in Spain

Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs.

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Electric & new energy vehicles

Chinese EV start-up Hozon eyes exports to ride out price war

The Shanghai-based EV maker aims to sell 50 per cent of its cars overseas by 2026 and turn a profit the same year, founder Fang Yunzhou says.

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