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Electric & new energy vehicles

Electric & new energy vehicles
Latest news, in-depth features and opinion on electric & new energy vehicles, with a particular focus on China.
Illustration: Craig Stephens
European Union

Opinion | EU should think twice before weaponising its market against China

Market size and coercive leverage are not the same thing and the EU remains more dependent on China than policymakers think.

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CATL

Beijing opens lithium futures to foreign traders to cement pricing power over US

China economy

China ends hybrid-car tax break as EV success creates challenges

Future of transport

China’s EV deliveries continue downward spiral, exacerbating industry worries

About 1 million electric or hybrid vehicles were delivered to customers in China in June, down 7 per cent year on year.

An aerial view of new electric vehicles at Shanghai Port on May 9. Photo: AFP
China economy

Opinion | ‘Overcapacity’ talk reflects a West irked by China’s industrial rise

The issue is whether that irritation can be managed through rules, domestic renewal and cooperation or further fragments the world economy.

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Japan

China to scrap tax breaks for NEVs and energy-saving vehicles from 2027

Announcement by central government ministries extends the withdrawal of incentives for new-energy vehicles and energy-saving cars.

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China consumption

China unveils recycling push to bolster resource security, shore up green shift

The nation seeks to narrow the gap with regional peers such as Japan and South Korea by establishing a more comprehensive, granular recycling infrastructure.

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Waste batteries are pooled for recycling at a facility in China’s Anhui province. Photo: Xinhua
Tesla

China’s BYD surpasses Tesla to regain lead in global EV race

The electric vehicle manufacturer has retaken the crown after pulling ahead in overseas shipments.

Tesla

New technologies power China’s Tesla challengers to monthly sales records

Bucking muted market sentiment, Leapmotor and Zeekr both set records for a second consecutive month.

Artificial intelligence

EVs | China’s AI-defined vehicles make smart motoring human-centred

Artificial intelligence is transforming the in-car experience for drivers and passengers, with Chinese EV makers among the first to embrace a new era on the road.

China’s AI-defined vehicles make smart motoring human-centred
US-China trade war

US backs away from USMCA trade deal, upset over Canada’s China ties

Beijing not named in official notice, but US trade chief blames Canada’s courtship of Chinese investment as major obstacle to new agreement.

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US Trade Representative Jamieson Greer speaks during a news conference in Detroit in January. He confirmed on Wednesday that the US would not renew its North American trade pact with Canada and Mexico. Photo: TNS
Hong Kong economy

Thailand’s Bangchak takes over Hong Kong Caltex petrol stations in HK$2.1b deal

Energy conglomerate enters Hong Kong fuel market despite fierce competition and EV shift as it aims to build a regional trading foothold.

Automotive industry

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

BYD

Price war fallout: China imposes 60-day payment cap for energy storage sector

China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain.

A CATL battery display at Auto China in Beijing in April. Photo: Reuters
BYD

Chinese EV makers gain traction in South Korea’s import car market

While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says.

Chinese-made vehicles overtook Japanese brands in Korea’s import market for the first time in April. Photo: Shutterstock Images
China-EU relations

The secret behind China’s EV boom? Local alliances, not industrial policy: study

The new research comes as the Chinese and EU trade chiefs meet in Brussels to discuss trade tensions fuelled, in part, by electric vehicles.

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China trade

As China dominates solar and energy sector, fears emerge over EU’s new crackdown

Brussels’ unease over European reliance on Chinese tech sees the bloc impose bans and restrictions, as fears mount on how far it will go.

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Semiconductors

Top China chip toolmakers consolidate to build national champions, defy US curbs

Big Fund-invested Piotech plans to acquire Wuxi Shangji and diversify into wafer-bonding, leveraging a big revenue surge to capture the local tool market.

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China aims to boost its semiconductor self-sufficiency as Washington's export controls have tightened its access to advanced foreign chipmaking tools. Photo: Shutterstock
IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

European Union

Opinion | China isn’t Europe’s real problem

Europe’s future depends less on finding new ways to constrain China than on fixing the limitations Chinese competition has exposed.

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Automotive industry

China’s heavy trucks are going electric, and abroad, paving the road to net-zero freight

Analysts say low ownership costs and battery gains are fuelling an export boom to regions such as Southeast Asia and Africa, positioning Chinese firms as main engines.

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An electric truck charges at a supercharging station in China’s Hubei province. Photo: Getty Images
China-EU relations

As I see it | Europe wants a new Plaza Accord for China – seriously?

Instead of hoping for Beijing to commit economic suicide, it would be more realistic for the EU to strike a mutually acceptable trade deal.

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European Council President Antonio Costa (second left) walks with German Chancellor Friedrich Merz amid discussions on the EU budget for 2028, in Brussels, Belgium, on June 19. Photo: dpa
Automotive industry

EV influx, US rare earth miners blacklisted, China-EU trade talks

This week: Automakers ready to debut 150-plus EVs before year-end, China blacklists US companies including rare earth miners, foreign businesses encouraged to sell shares in China. Next week: Commerce Minister Wang Wentao heads to Brussels, new overseas investment rules take effect, June factory activity data release and more.

United States

Outside In | US the ultimate loser as Iran war ushers in global power upheaval

Defeated by asymmetric warfare and spurned by allies, the US has ended up boosting China’s economy and standing instead.

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Italy

Banking on it: Chinese EVs expand their global footprint

With a boost in global exports offsetting domestic dips, banks forecast significant growth in overseas markets – especially western Europe.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, China's eastern Shandong province on Thursday. Photo: AFP
Automotive industry

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

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BYD displays one of its luxury models at Auto China in Beijing on April 24. Photo: Reuters
China energy security

China green-energy costs seen undercutting traditional energy as capacity soars

Energy-storage chairman eyes ‘0.1-yuan era’ for equipment as solar and wind projects gradually sideline coal in the nation’s power-generation mix.

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Future of transport

Top CATL boss cools expectations over next major leap in EV batteries

Robin Zeng Yuqun addresses expectations at ‘Summer Davos’ on whether the battery technology would be available in the near future.

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