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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 file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
EVs: Companies

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

Science

EV expert Xu Fuguo returns to China after leaving US$30 million project in Japan

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Banking & finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

China-EU relations

China, Europe ‘share same worry’ about unilateralist forces: ESM director

In China as part of a finance-focused delegation, director of European Stability Mechanism says the two regions are aligned in bid to stabilise international finance.

There are areas of financial cooperation in which China and the European Union share like-minded views. Photo: Reuters
US-China relations

‘Absolutely wrong’: Jeffrey Sachs rejects US claims of Chinese overcapacity

US economics professor says China’s manufacturing heft essential to global green transition, dismisses Western charges of trade disruption.

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CATL

CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion

CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.

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Hong Kong stock market

Hong Kong stocks rise, led by Chinese EV makers and tech firms

Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.

People look at a Nio ET7 at the Beijing Auto Show in Beijing on May 3, 2024. Photo: AFP
BYD

BYD out-earns Tesla after out-making, out-selling Model 3 producer

Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.

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China-EU relations

Unaffected by EU’s tariffs on EVs, China’s hybrid-vehicle exports surge to bloc

With Brussels’ tariffs not a problem, China’s plug-in hybrid EVs have become the fastest-growing Chinese export item to the 27-nation bloc.

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Xiaomi

Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion

The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.

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A Xiaomi SU7 Ultra electric car is displayed at the Mobile World Congress in Barcelona, Spain, on March 3. Photo: Xinhua
China-Canada relations

Canada files WTO trade action against Chinese agriculture, fishery import duties

Tariffs place a 100 per cent surcharge on rapeseed oil, peas and oil cakes for animal feed. Aquatic products will face a 25 per cent levy.

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Canada has launched a dispute against China at the World Trade Organization over extra tariffs on agricultural and fishery products. Photo: AFP
China-EU relations

Exclusive | In China, BMW bemoans EU tariffs, seeks compromise with policy changes

German carmaker is at the forefront of pending tariff talks between Brussels and Beijing.

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BYD

BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller

The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.

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India

India: quashing Volkswagen’s tax bill would be ‘catastrophic’

Indian officials said agreeing to quash the US$1.4 billion tax bill would encourage companies to withhold information and delay inquiries.

A person walks next to the logo of German car maker Volkswagen on a wall at the company’s plant in Wolfsburg, Germany, on March 7. Photo: EPA-EFE
China-EU relations

China urges EU to resolve EV dispute and send positive signal amid uncertainty

Trade wars will result in ‘lose-lose situation’, Commerce Minister Wang Wentao tells BMW chairman ahead of China Development Forum.

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The EU remains the top buyer of Chinese EVs, purchasing nearly 30 per cent of China’s outbound shipments last year. Photo: Reuters
BYD

BYD’s Denza unveils N9 SUV to challenge Mercedes, BMW in premium EV segment

The N9 starts from 389,800 (US$60,860), equipped with BYD’s autonomous driving systems and can support on-vehicle drone systems.

Future of transport

Chinese EV maker Nio’s fourth-quarter loss widens, revenue outlook underwhelms

‘This year marks the beginning of a new product cycle for our three brands,’ says founder, chairman and CEO William Li Bin.

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EU tariffs against Chinese EVs take effect

Video | Has Tesla been dethroned by China’s EV brands?

With sales of US manufacturer Tesla stalling in the early months of 2025, China’s rising EV carmakers are steering their way into a winning position

How Chinese companies have pulled ahead of Tesla in the electric vehicle race
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China shipbuilding

China is building new ships at record pace to turbocharge its car exports

Shipyards are rolling out huge vessels capable of carrying 8,600 cars as China’s auto industry seeks to accelerate its global expansion.

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Xpeng

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Trending in China

Xiaomi CEO drops watermelons, reveals juicy truth about firm’s bulletproof veneer

Company website asserts that coating offers tear, scratch, and puncture resistance that exceeds traditional PVC coatings by over tenfold.

Xiaomi’s founder, Lei Jun, demonstrates the company’s bulletproof coating by dropping watermelons from a height, leading to a wave of online humour. Photo: SCMP composite/Douyin
China-EU relations

Tech transfer a must for Chinese EV investors in Europe, EU trade chief suggests

Ahead of his trip to Beijing next week, Maros Sefcovic says US tariffs could unleash a flood of Chinese overcapacity on Europe.

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The EU is reportedly investigating whether a factory in Hungary owned by Chinese EV maker BYD received undeclared state subsidies from Beijing. Photo: Reuters
Automotive industry

Chinese carmaker Geely’s profit soars 213% driven by EVs, asset sales

Geely sold 2.18 million vehicles last year, of which 1.76 million units were delivered on the mainland while 414,522 units were exported.

China trade

Canada’s lobster exporters feel the pinch as China’s tariffs snip prices

Retaliatory tariffs from China on Canadian seafood, particularly lobsters, have led to a dramatic drop in price as exporters work to keep supply chains moving.

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Xpeng

Xpeng says robotics industry will get bigger than automotive sector

Xpeng plans to mass produce humanoid robots and flying cars for the consumer market by the end of next year.

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Workers at an Xpeng factory in Guangdong province. Photo: Xinhua
SCMP Highlights

Tesla banks on Model Y, China’s CATL to see strong growth: 7 EV reads

From an expectation of strong growth for China’s CATL to Zeekr challenging BMW and Mercedes, here are seven EV stories you may have missed.

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

Opinion | Forget Doge, it’s Musk’s Tesla that looks in need of a rescue

Once an audacious pioneer in electric cars, Tesla is being out-competed by cheaper, more innovative rivals and suffering by association with Musk.

United States

Tesla attacks spike in US as Musk’s White House role fuels backlash

President Donald Trump has suggested that acts of vandalism against the company are ‘domestic terrorism’.

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