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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.

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Trending in China

Shock as teen surrogate gives birth to twins for Chinese man, receives US$124,000

4 hours ago

There has been a wave of public outrage in China after it emerged that a man paid a teenage girl US$124,000 to bear surrogate twins for him. Photo: SCMP composite/Shutterstock

Americas

Venezuela received first high-level criminal among US deportees

31 Mar 2025 - 1:37PM

Venezuelan migrants deported from the US look out from an aircraft as they arrive in Maiquetia, Venezuela. Photo: Reuters

Science

From underdog to genius: Yale computer scientist Sun Huanbo returns to China

30 Mar 2025 - 6:43PMvideocam

Computer scientist Sun Huanbo has taken up a position at Peking University. Photo: Peking University

Trending in China

‘Selfish’ Chinese man who used mall baby room for online meeting ridiculed online

30 Mar 2025 - 6:00PM

A graduate student in China became trapped in a shopping mall baby nursing room after he used it for an online meeting. Photo: SCMP composite/Shutterstock

Global Economy

Car trouble: is a drop in China-Russia auto shipments a bad omen for trade?

30 Mar 2025 - 6:14PMvideocam

China and Russia’s previously ironclad trade ties may be softening as the US attempts to bring Moscow out of Beijing’s orbit. Photo: Reuters

India’s Prime Minister Narendra Modi speaks at the Presidential Palace in New Delhi, India, on June 7, 2024. Photo: Reuters

Opinion | Don’t blame China for India’s manufacturing decline

Beijing’s proposed manufacturing partnership ran aground only after New Delhi decided to take border tensions out on Chinese businesses.

2 hours agovideocam

China manufacturing

China to crack down on unfair EV price cuts to stabilise industry

30 Mar 2025 - 8:55PM

Business of climate change

Xpeng CEO says flying car market will be bigger than EVs over next two decades

29 Mar 2025 - 3:51PM

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

29 Mar 2025 - 12:00PMvideocam

Illustration by Lau Ka-kuen

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.

28 Mar 2025 - 8:00PM

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

Engineer returns as professor at Dalian university as Japan’s auto industry struggles to keep up with Chinese innovation and market momentum.

28 Mar 2025 - 4:30PMvideocam

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Banking & finance

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

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

27 Mar 2025 - 6:37PM

Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout

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.

28 Mar 2025 - 10:58AM

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.

26 Mar 2025 - 9:18PMvideocam

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.

26 Mar 2025 - 5:50PM

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.

26 Mar 2025 - 4:45PM

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

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.

26 Mar 2025 - 12:19PMvideocam

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.

25 Mar 2025 - 7:00PMvideocam

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.

25 Mar 2025 - 8:13PMvideocam

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.

25 Mar 2025 - 3:14AMvideocam

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.

24 Mar 2025 - 11:00PMvideocam

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.

25 Mar 2025 - 9:45PM

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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.

23 Mar 2025 - 7:00PM

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.

23 Mar 2025 - 4:45PMvideocam

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.

22 Mar 2025 - 8:00AM

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.

21 Mar 2025 - 10:55PM

A Nio ET5 in Berlin. Photo: Reuters

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

21 Mar 2025 - 8:00PM

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

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.

21 Mar 2025 - 8:00PM

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

Fierce competition among auto manufacturers is extending to charging technologies.

21 Mar 2025 - 6:15PM

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.

21 Mar 2025 - 6:00PM

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.

21 Mar 2025 - 7:01AMvideocam

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.

20 Mar 2025 - 6:15PM

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.

19 Mar 2025 - 8:00PM

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