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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.
last updated:
3 October, 2024
Chinese EV maker Nio has leased nearly 10,000 square metres of space from CTP in Budapest. Photo: CTP
International Property

Chinese firms seek European base for factories amid trade tensions, tariffs

European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.

SCMP Highlights

EU tariffs slow Chinese EV exports, Geely looks to expand in Asia: 7 EV reads

Japan

Japan’s Honda, Nissan aim to merge

Future of transport

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.

CATL has a global market share of roughly 37 per cent in EV batteries. Photo: Reuters
Foxconn

Foxconn invests in EV battery plant in China’s iPhone city

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

Automotive industry

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.

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BYD

Chinese workers found in ‘slavery-like conditions’ at BYD site in Brazil

Officials said staff were working excessively long hours while being kept in ‘degrading conditions’ in their accommodation.

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BYD’s electric vehicle (EV) factory’s construction site in Camacari, Bahia province, Brazil. Photo: Reuters
China exports

Chinese electric vehicle exports plummet in November as EU tariffs bite

Exports down 19 per cent by volume last month as falling prices push value of shipments even lower.

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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.

Japan

Japan’s Honda and Nissan join forces to create world’s third-largest carmaker

This move comes as the industry transitions away from fossil fuels and towards electric vehicles, where Japanese companies have lagged behind their rivals.

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Logos of Nissan Motor Corporation and Honda are seen at a joint press conference on their merger talks, in Tokyo, Japan on December 23. Photo: Reuters
Hong Kong transport

Hong Kong may drop plan to use hydrogen-powered light rail trains: lawmakers

MTR Corp faces double whammy of restrictive safety rules and need to adapt light rail platforms, pair of lawmakers say.

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The hydrogen-powered train used in a test run. Photo: Handout
Nio

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.

Artificial intelligence

China faces AI talent shortage in otherwise booming industry, report finds

A quarter of ‘new economy’ job openings this year on the Maimai platform have been directly related to AI, as Big Tech firms fight for top talent.

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Thailand

Thailand’s high-tech utopia starts to take shape – but will it deliver?

At its launch seven years ago, the Eastern Economic Corridor was marketed as a solution to Thailand’s economic malaise. But concerns persist.

Thailand’s once-thriving economy, which grew an average of 5 per cent annually in the early 2000s, has been battered by two decades of political turmoil and coups. Image: Huy Truong
China trade

‘Resilient’ trade gains see Shenzhen poised to overtake Shanghai despite US tech siege

Total trade value in city dubbed China’s Silicon Valley surged past 4 trillion yuan from January to November, with a record year-on-year increase.

Strong growth in Shenzhen’s trade has been buoyed, in part, by rising demand for Chinese electronics and hi-tech products. Photo: EPA-EFE
Future of transport

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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Business of climate change

Tariff jab at Chinese graphite exports could inflate EV battery costs: analysts

A US coalition of graphite miners has asked the Commerce Department to probe Chinese producers and apply 920 per cent of anti-dumping duties.

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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
Geely

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.

China technology

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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China's economic recovery

CEO sentiment in China sours amid slowdown risks, survey finds

Local competition and geopolitical tensions add to short-term pressures, but views of CEOs were more positive when pointing to China’s long-term outlook.

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Cars wait to be loaded onto ships for export at a port in China’s Jiangsu province on Thursday. EV tariff talks between China and the EU are “not close” to yielding a deal. Photo: AFP
C-suite interviews

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
Robotics

China’s top EV maker BYD kicks off robotics recruitment drive for young talent

The Shenzhen-based carmaker is increasing its investment in humanoid robots amid a flurry of investment from local governments.

Malaysia

Raids on illegal mines spotlight Malaysia’s lucrative rare earth ambitions

Malaysia’s crackdown highlights the challenges of managing rare earth resources amid rising global demand for green technology.

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.

Malaysia’s Prime Minister Anwar Ibrahim touches the first locally produced electric vehicle (EV), the e.MAS 7, during its launch event in Kuala Lumpur on December 16/ Photo: AFP
BYD

Indonesia gives tax incentives to EV makers including China’s BYD, GAC Aion

The carmakers, which are building factories in Indonesia, will enjoy an exemption on import taxes and a break on luxury taxes.

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Workers assemble an EV inside BYD’s first EV factory in Southeast Asia, in Rayong, Thailand, on July 4, 2024. Photo: Reuters
Hong Kong environmental issues

Editorial | Accelerating electric dreams depends on smooth transition

The Hong Kong government is offering subsidies and enhanced infrastructure for recharging stations in push for bus and taxi operators to switch to EVs.

BYD

Can Chinese electric trucks overcome global tariffs to dominate the market?

Fleets of electric trucks from China have been growing internationally even as Western countries target the country’s EVs with sanctions.

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