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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.
Customers check a Tesla Model Y at a delivery centre in Beijing on February 27, 2025. Photo: AFP
Tesla

Tesla pins hope on refreshed Model Y to revive faltering sales in China

Orders for the revamped model, which starts from US$36,292 have crossed 200,000 units, according to Chinese tech site 36kr.

Future of transport

Exclusive | Hesai eyes Europe’s smart EVs for lidar sales after Mercedes-Benz deal

EVs: Companies

1.2 million EVs were sold worldwide last month, mostly in China

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Donald Trump

Trump labels Tesla attacks domestic terrorism, threatens protesters with ‘hell’

US president talks up Tesla at the White House in a show of support for close adviser Elon Musk.

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US President Donald Trump and Tesla CEO Elon Musk sit in a Tesla car model S, in front of the White House. Photo: Reuters
EVs: Industry Trends

China’s new energy vehicle sector faces ‘elimination contest’ amid crackdown

More than three-quarters of China’s electric car brands may disappear as Beijing vows to stamp out excessive competition.

Donald Trump

Trump to buy a Tesla in show of support for Musk

Tesla has lost more than one-third of its market value since mid-December as Musk deepens his association with Trump.

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Indonesia

EV use set to soar 500% on Indonesian roads during Eid ul-Fitr

To support the increase, the country’s state-run electricity company has prepared 1,000 public charging stations along major routes and 12 mobile units for help.

A charging dock at a public electric vehicle charging station in Denpasar, Bali, Indonesia. Photo: EPA-EFE
Automotive industry

Chinese EV maker Zeekr to take on BMW, Mercedes in SUV segment

Zeekr will unveil the 9X Grand hybrid SUV next month and price it at the 1 million yuan (US$137,840) level.

China energy security

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

Indonesia

Indonesia’s electric dream? A race to EV supremacy

Government incentives are driving a surge in sales, but will they be enough to shift consumer habits in Southeast Asia’s largest auto market?

Visitors admire two-wheeled EVs at a motor show in Indonesia last month. Photo: AFP
EVs: Companies

Xpeng chairman calls on Hong Kong to open up to self-driving EVs

He Xiaopeng says company will introduce two models in the city this year in a launch ‘not just for Hong Kong, but also for the world’.

He Xiaopeng, chairman and CEO of Xpeng, kicks off global shipments of the X9 in Guangzhou, Guangdong province on February 22, 2025. Photo: Coco Feng
Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Tesla

Tesla’s February sales slump as China buyers turn to BYD, Xiaomi, Xpeng

Sales of the Model Y and Model 3 on the mainland sink 51.5 per cent month-on-month to 30,688 units in February.

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SCMP Highlights

Foreign carmakers in China, Foxconn’s EV push, Tesla in India: 7 EV reads

From foreign carmakers’ struggle in China to Xiaomi’s new luxury EV, here are seven EV stories you may have missed.

Only the fittest will survive in China’s highly competitive car industry, according to analysts. Photo: AFP
Xpeng

Xpeng to test autonomous driving software in Hong Kong to support go-global push

He Xiaopeng says tests of company’s Xpeng Navigation Guided Pilot would be conducted in Hong Kong soon.

Xpeng’s He Xiaopeng in Guangzhou. Photo: Coco Feng
Xiaomi

After finding success with SU7 at home, Xiaomi looks overseas for growth

Xiaomi plans to sell its EVs in overseas markets starting in 2027.

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Hong Kong stock market

BYD shares nosedive after US$5.6 billion placement announcement

The EV maker’s rationale for the share sale is reasonable, despite the short-term share-price drop on the news, an analyst says.

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Geely

Geely to make its AI-powered pilot system available across all brands

Geely says AI-powered pilot system would be added to all of its brands, including Galaxy, Zeekr and Lynk.

The Geely logo at a dealership in Moscow. Photo: Reuters
Banking & finance

BYD raises up to US$5 billion in stock sale to fund its EV research

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

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EVs: Companies

BYD stokes EV rivalry in China with on-vehicle DJI drone system to boost sales

The carmaker adds new drone system to autonomous driving system among premium features in its sales pitch to win over customers.

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China technology

Opinion | China’s AI push in the Global South is not just about technology

By providing AI-powered products, infrastructure, governance tools and data-driven insights, China aims to reshape the global digital order.

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People stand next to a humanoid robot from Unitree Robotics during the Global Developer Conference, organised by the Shanghai AI Industry Association, in Shanghai on February 21. Photo: AFP
IPO

Chinese carmaker Chery files Hong Kong IPO application

China’s second-largest carmaker lists China International Capital Corp, Huatai Securities and GF Securities as joint IPO sponsors.

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Chery Automobile sells cars under the Chery, Tiggo and Arrizo brands on the mainland and abroad. Photo: Reuters
Foxconn

Foxconn breaks ground on new China headquarters in EV push

The move marks a major step by the Apple contractor to diversify its business into EVs, semiconductors, robots and other areas.

Made in China 2025

China Future Tech: live Q&A webinars

Dive deep into China’s technological revolution with SCMP’s China Future Tech live webinars. Get expert insights and live Q&As on six transformative sectors driving China’s tech dominance, including EVs, artificial intelligence (AI), semiconductors, aerospace, robotics and biomedicine.

Xiaomi

Xiaomi’s ‘Ultra’ luxury EV hits China market at US$73,000

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

The Xiaomi SU7 Ultra EV has been available via presale since November with a price tag of US$112,000. Photo: Xiaomi
US-China relations

Trump might accept ‘significant’ Chinese investment in US: congressman

Influential House panel’s senior Democrat suggests bipartisan openness ‘so long as we are cognisant of any national security implications’.

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US congressman Raja Krishnamoorthi, an Illinois Democrat, is the ranking member of the US House Select Committee on Strategic Competition between the United States and the Chinese Communist Party. Photo: Reuters
United States

Opinion | Trump’s tariffs won’t make America great again, quite the opposite

Trump has vowed to defeat inflation and bring manufacturing back but his tariffs are actually hastening the decline he aims to reverse.

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China trade

China trade team visits Germany to discuss cars after election and tariff spats

Discussions seen following increased vigilance on both sides toward US import tariffs by the Trump administration.

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