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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: Lau Ka-kuen
China trade

Indonesia wants to move beyond raw materials. Will its China ties suffer?

Beijing and Jakarta enjoy unprecedented economic interdependence – but shifting priorities in Indonesia threaten to strain the partnership.

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China exports

China-made vessel carries record EVs in shipment from Shanghai to Europe

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UAE

China’s battery makers fight over Middle East energy-storage market

IPO

CATL-backed smart driving tech firm to kick off Hong Kong IPO this week: sources

NASN Intelligent Tech could launch its book-building as early as Thursday and debut in early August.

A general view of Exchange Square in Central on July 21. Photo: Jelly Tse
Automotive industry

Rising raw material costs hit Chinese carmakers’ profit margins, price war plans

Net earnings from the sale of a 100,000 yuan car now stand at just 1,500 yuan, according to China Association of Automobile Manufacturers.

Business of climate change

Chinese battery giant CATL rides green energy boom as revenue soars 57%

The results, despite being record figures, slightly missed market estimates of 148.6 billion yuan in revenue and 23.4 billion yuan profit.

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US-China trade war

US senators clash over scope of Chinese connected-vehicle ban

Senator Ted Cruz, chairman of US Senate Committee on Commerce, warns substantial revisions will be needed before bill can become law.

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US Senate Committee on Commerce chairman Ted Cruz warned that unless the legislation was narrowed, the Connected Vehicle Security Act would face a difficult path to becoming law. Photo: AP
Geely

Powering ahead: China’s Geely taps Ford’s Spain plant for European EV expansion

Tie-up breathes new life into plant near Valencia and signals Chinese carmakers’ stepped-up push to go global amid tariff pressures.

China-EU relations

China, EU pushing ahead on joint research despite trade tensions

Joint 2025-2027 research agreement covers climate and agriculture, state media says, signalling will to collaborate in spite of differences.

China-EU relations

Inspectors checking workers’ papers at BYD factory site in Hungary: source

Country’s new prime minister has launched an investigation into the Chinese electric vehicle giant’s investment in Hungary.

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Then Hungarian foreign minister Peter Szijjarto at a meeting with Foreign Minister Wang Yi in Budapest in February. Photo: AFP
SCMP Highlights

Xiaomi’s focus on new SUVs, BYD’s 15,000km-driving range cars: 7 EV reads

From CATL shares forecast to grow 50 per cent to the effects of China’s EV tax break ending, here are seven EV stories you may have missed.

The fleet of BYD Denza Z9GT cars travelling from Rome to Hong Kong in Istanbul on June 23. Photo: Handout
Future of transport

Foreign carmakers lose more traction in China as luxury sales slide

Mercedes, Land Rover, BMW, Jaguar and Infiniti take further hit as consumers shun pricey, petrol-powered vehicles.

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Mainland China

China sets sights on carbon-guzzling transport sector with new green initiative

China wants at least 1.6 million electric heavy-goods vehicles on the road by 2030, as it pushes to decarbonise its vast road freight sector.

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The state of China’s EV industry

China’s electric vehicle (EV) industry sits at the centre of numerous economic and geopolitical trends: consumer spending, environmental protection, trade policy, high-end manufacturing, technology and more. In this short series, the SCMP assesses the current state of the sector within these broader contexts.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai in China’s eastern Shandong province. Photo: AFP
Future of transport

China’s EV makers went from small fry to big shots. Can others do the same?

The global green shift is providing a way for emerging economies to catch up with global powerhouses, with help from China’s supply chain.

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Illustration: Henry Wong
BYD

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

BYD hits 100,000 EVs in South American country, but calls grow in Europe for higher tariffs on Chinese products to shield local industry.

China manufacturing

China’s car industry is on a tear overseas. So why are sales at home plunging?

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.

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Hungary

Hungary probes deal with China’s BYD after ex-foreign minister takes job there

Peter Szijjarto’s announcement that he would take a job at the world’s top electric carmaker prompted accusations of a conflict of interest.

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Hungary’s Peter Szijjarto, right, shakes hands with Chinese Foreign Minister Wang Yi in Budapest, Hungary on February 11. Szijjarto recently resigned as foreign minister to take an executive position at BYD. Photo: AFP
China exports

‘Made in China’ increasingly a symbol for hi-tech and high value

Led by robots and EVs, the country’s move up the industrial value chain is gaining momentum, June’s industrial export figures show.

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China manufacturing

What will China’s phasing out of its EV battery tax break mean for the industry?

Beijing is attempting to curb overcapacity and intense domestic price wars by ending a decade-long levy exemption on batteries.

Automotive industry

China’s Xpeng plants a flag in Germany’s auto heartland with Mona L03 launch

The Chinese electric car brand debuted its new SUV at a splashy ceremony in Munich, as it announced its intention to ‘put down roots in Europe’.

The Xpeng L03 is displayed at a launch event for the new SUV in Munich, Germany. Photo: Reuters
China-EU relations

Europe’s carmakers plan a comeback – powered by EU policies and Chinese tech

New regulations will help EU produce electric vehicles at a price point to match China, but European job losses would be among trade-offs.

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Illustration: Davies Christian
Tesla

Race against Tesla: China’s Xpeng eyes 2027 global launch for viral Iron robot

CEO He Xiaopeng projects the firm will sell 1 million robots by 2030 after ramping up mass production.

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BYD

Charging ahead: why BYD plans to build 3,000 ‘flash-charging’ stations in Europe

The facilities will support BYD’s latest flash-charging technology, which can reportedly recharge a car’s battery in just 10 minutes.

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China-EU relations

EU’s trade panic over China

China’s growing trade surplus with the European Union has stoked anxieties within the bloc, driving defensive actions to protect its critical domestic markets.

EU’s trade panic over China
The Philippines

Philippines’ iconic jeepneys sputter up a costly climb to go electric

Observers point to the high costs of owning an e-jeepney and a lack of government support in enabling the electric shift.

A petrol station worker prepares to refuel a jeepney in Quezon City, the Philippines, in March. Photo: EPA
China-India relations

Chinese in the driver’s seat? India-China reset hits bump on New Delhi streets

Indian government pulls the plug on Chinese battery apps after e-rickshaws are stopped in their tracks, sparking national debate.

Technology

Opinion | Clash of the tech titans: China’s quiet industry vs loud US innovation

At the heart of the battle for AI dominance is a deeper contest between two very different leadership styles.

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