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EVs: Companies

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EVs: Companies
Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
last updated:
12 December, 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.

Foxconn

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

Electric & new energy vehicles

Exclusive | China’s EV champion Geely bets on tech edge to expand in Asia, EU

Mergers & Acquisitions

Nissan and Honda may merge to take on larger rivals and EV makers

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.

BYD’s dealership in Yokohama, the home base of Nissan Motor, on April 3, 2023. Photo: AP
Electric & new energy vehicles

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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Electric & new energy vehicles

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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SCMP Highlights

Hong Kong launch pad for Chinese EVs, Xiaomi unveils electric SUV: 7 EV reads

From Chinese start-up Hozon eyeing exports to Chinese electric vehicle makers favouring Hong Kong, here are seven EV stories you may have missed.

A file photo of the Xpeng P7+. Photo: Xpeng
Electric & new energy vehicles

Beijing sees Hong Kong as launch pad for Chinese EV makers to go global

Hong Kong ‘can act as a two-way gateway for Chinese EV makers to go overseas and bring in new technologies’.

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SCMP Highlights

EV makers’ ‘do-or-die’ moment, Hyundai’s big Malaysia investment: 7 EV reads

From China’s cutthroat clean energy vehicle market to Malaysia eyeing Southeast Asia’s EV hub crown, here are seven EV stories you may have missed.

Electric & new energy vehicles

Foreign carmakers risk losing up to US$20 billion a year in China: UBS

‘We think foreign automakers need to re-evaluate and adjust their strategies’ in China, bank says.

A BYD factory in Thailand. Photo: Reuters
China economy

My Take | Tesla is getting love from Chinese state media, but can the affair last?

Communist Party mouthpiece People’s Daily praised Tesla for sparking an EV boom, but Musk’s role in a new Trump administration could complicate matters.

Tesla’s China-made Model 3 vehicles seen during a delivery event at its factory in Shanghai on January 7, 2020. Photo: Reuters
Electric & new energy vehicles

BYD set to usurp VW as China’s top carmaker amid surge in EV deliveries

BYD’s total deliveries have exceeded perennial leader Volkswagen’s volume this year through October.

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Xiaomi

Xiaomi revenue surges after EVs cross 100,000 threshold

Xiaomi pulled in US$12.8 billion in the quarter ended September, after reaching its goal to produce 100,000 EVs this year.

Electric & new energy vehicles

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

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Billionaire founder Li Shufu is reorganising his EV empire amid stiffer competition at home and overseas. Photo: Xinhua
Electric & new energy vehicles

China’s EV production moves into fast lane as output hits 10 million

Chinese EV makers have delivered 9.75 million units to mainland buyers between January and October, a year-on-year jump of 34 per cent.

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Robots at work at a welding workshop of Voyah, a Chinese electric auto brand owned by Dongfeng Motor, in the Hubei provincial capital of Wuhan in central China on April 1, 2024. Photo: Xinhua
US-China tech war

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

Electric & new energy vehicles

EV review: BYD’s Dolphin is the ideal city car for zipping around town

The German news agency Deutsche Presse-Agentur said in August 2023 that the Dolphin was ‘a real threat to the German car industry’.

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Electric & new energy vehicles

Xpeng to rival BYD, Li Auto in hybrid car market amid shift in consumer demand

Company unveiled Kunpeng, a new charging system for hybrid cars, touted as the longest range extender system in the industry.

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Xpeng unveils its plan for the extended-range hybrid market during its corporate AI Day in Guangzhou on November 5. Photo: Xpeng
Electric & new energy vehicles

EV review: Nio’s ET7 rivals Germany’s best in some ways, at lower price

The sedan offers a swappable battery and luxurious interior materials, but falls short of some domestic rivals when it comes to self-driving.

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Electric & new energy vehicles

China’s biggest EV tariff victims toe the line on Europe’s levies

The two denials followed Monday’s statement by the Ministry of Commerce that a state-backed guild was solely authorised to engage with the EU in tariff talks.

Electric & new energy vehicles

BYD tops Tesla for the first time in quarterly sales as EV demand soars

BYD’s third-quarter sales jumped 24 per cent to 201.12 billion yuan (US$28.2 billion), beating Tesla’s US$25.18 billion revenue in the same period.

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BYD vehicles waiting to be loaded on to a ship for exports at the international container terminal of Taicang Port in Suzhou, in eastern China’s Jiangsu province on February 8, 2024. Photo: AFP
Xiaomi

Xiaomi unveils US$114,000 Ferrari lookalike in luxury car venture

The SU7 Ultra has drawn both scepticism and admiration from consumers in the world’s largest EV market.

Xiaomi unveils its latest EV, SU7 Ultra, at an event in Beijing on Tuesday. Photo: Reuters
China-EU relations

China on high alert to EU’s ‘divide and conquer’ tactics as EV talks continue

China and the European Union are set to continue talks next month over tariffs on Chinese-made electric vehicles.

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Xpeng

Xpeng’s G6 is the car that drives you, more than the car you drive

The G6 sports-utility vehicle, launched in June 2023, is the vanguard of Xpeng’s push into Hong Kong’s right-hand drive market with its larger sibling the X9 people-mover.

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Electric & new energy vehicles

Transformers: the rise of smartphone makers in China’s EV arena

Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.

Henry Wong
Electric & new energy vehicles

Tesla is pure EV king, but Chinese drivers steer to hybrids due to range worries

Tesla said its third-quarter net profit rose 17 per cent from a year earlier to US$2.17 billion.

People passed a Tesla shop in Beijing. Photo: AFP
Electric & new energy vehicles

When it comes to EVs, Chinese consumers are spoiled for choice

Extended range, autonomous driving, sofas, refrigerators … BYD, Li Auto, Xpeng, Geely, Nio and others tick all the boxes in their pursuit of consumers.

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Electric & new energy vehicles

Tariffs no roadblock for Chinese EVs at Canton Fair as overseas buyers swarm

Though Western tariffs on China-made electric vehicles are a concern, overseas interest in new models remains high at opening of Canton Fair.

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