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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.
A worker loads sulphur at a storage yard on a wharf in China’s Jiangsu province in April. Photo: AFP
China trade

China defies Hormuz crisis with record monthly export value in April

Export value rose 14.1 per cent year on year, well above market forecasts.

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Automotive industry

Chinese EV maker Leapmotor taps Stellantis’ Spanish plant for EU production

Malaysia

Malaysia’s EV import curbs to protect local sector criticised for inconsistency

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Tesla

Tesla China posts 36% sales rise, as local rivals nip at heels

April sales rose on a year-on-year basis but dropped from the previous month, indicating fiercer competition from domestic brands.

An employee works in Tesla’s Gigafactory in Shanghai on April 14. Photo: EPA
China-Latin America relations

Lula won’t sideline China on rare earths, tells Trump refining stays in Brazil

In a three-hour White House meeting on Thursday, Brazil’s president pitched his country’s minerals to all comers.

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Automotive industry

China’s move to cut EV payment cycles may push weaker carmakers out: S&P

China’s weaker EV makers may soon be running on fumes as tighter payment cycles squeeze cash flow and curb price wars.

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China-Latin America relations

China pours US$6.1b into Brazil, making it Beijing’s top global investment

Chinese miners, carmakers and tech firms are fanned out across 20 states, putting a dent in Washington’s own push throughout the region.

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A BYD vehicle is seen on the production line at the Chinese company’s new electric-vehicle factory in Brazil in October 2025. Photo: Reuters
Automotive industry

China’s EV battery giants thrive while carmakers’ profits shrink amid price wars

Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.

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Hong Kong economy

Hong Kong to ban new EVs with only electronic door handles

Move aligns with mainland China’s decision following concerns that concealed door handles, which are usually electronic, pose safety risks.

Middle East

From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets

BYD, Geely and Xpeng showcase eye-catching EVs at Beijing auto show as they build momentum in Europe and target more discerning buyers.

A humanoid robot poses at a BYD booth beside an electric vehicle at the Beijing auto show. Photo: Kyodo
Hong Kong economy

Letters | Support for Hong Kong business should not stop at fuel subsidies

Readers call for more relief measures to help SMEs cushion the energy price shock, dismiss talk of a fur comeback, and highlight the income inequalities in climate adaptation.

A motorcycle drives past the petrol price display board outside a petrol station in Causeway Bay, Hong Kong, on April 10. Photo: Jelly Tse
Diplomacy

Opinion | How China-Gulf ties can turn energy vulnerability into sustainability

Hormuz tensions are a reminder to start building a better, more sustainable energy order before the next crisis hits; Hong Kong can help.

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Autonomous vehicles

Chinese start-up ZYT eyes semi-autonomous truck production this year

DJI spin-off is providing autopilot systems to six manufacturers, as fuel-saving abilities gain importance amid oil supply shock.

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US-China relations

Exiting China market a ‘self-inflicted wound’ for US tech, think tank warns

ITIF argues that regional sales help finance domestic R&D and block local rivals, while warning that a full exit would be a self-inflicted wound to innovation leadership.

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Visitors take pictures and videos of a human-like robot head on display at the Humanoid Robots Industry Base in Beijing’s Shougang Park on April 28. Photo: AP
China-EU relations

Opinion | ‘Made in Europe’ law sets stage for an economic showdown with China

The proposed legislation is seen as discriminatory to China and could also hurt Chinese interests in non-EU European states.

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European Commission President Ursula von der Leyen speaks at a press conference in Brussels, Belgium, on April 13. Photo: Reuters
Automotive industry

BYD, Geely benefit from overseas orders amid Middle East energy shock

Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.

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Xiaomi

Full charge: Xiaomi shares surge on EV sales boost

Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.

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Mainland China

Shifting gears: how foreign giants aim to catch up in China’s EV era

International carmakers launch tailored models and accelerate R&D as they scramble to match the speed and sophistication of domestic rivals.

Illustration: Henry Wong
Automotive industry

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

Ultra-fast charging technology and a wave of smart features are helping Chinese EVs win over overseas buyers.

China economy

Outside In | China’s manufacturing rise is here to stay. The West must recalibrate

The changes are structural and protectionism will only weaken long-term growth.

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China travel

China braces for record Labour Day travel surge as tourism demand remains robust

China expects to handle a record 304 million cross-regional trips per day over the holiday, as the government focuses on boosting consumption.

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China is expecting to see a record surge in cross-regional travel over the coming Labour Day holiday. Photo: Shutterstock
Mainland China

Geely joins Chery, BYD in profit slide as China car sales plunge

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

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People view a Geely vehicle in Paris on Tuesday. Photo: Xinhua
Semiconductors

Hit from memory costs spreads from smartphones to BYD EVs in China

Carmaker explicitly cites sky-high memory costs as it raises the price of a high-end driver-assistance system by 21 per cent.

Future of transport

Video | Cleaner, cheaper EV trucks gain traction in China

The energy shock from the Middle East conflict is transforming China’s trucking and logistics sector.

BYD

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

A BYD Seagull electric vehicle on display at Auto China in Beijing. Photo: Reuters
SCMP Highlights

China’s EV makers to cut charging times; Li Auto’s expansion: 7 EV reads

From BYD’s first-quarter profit to Xpeng’s August goal to overtake self-driving tech in China, here are seven EV stories you may have missed.

A worker walks past the venue of this year’s Beijing Auto Show at the China International Exhibition Center in Beijing on April 23. Photo: AFP
Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

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