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Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
A BYD showroom in Tsim Sha Tsui. Photo: Jelly Tse
Electric & new energy vehicles

BYD outsells Tesla, BMW in Hong Kong’s right-hand drive EV market

Hong Kong sells fewer than 40,000 cars a year, but mainland carmakers consider it the beachhead for breaking into the global right-hand-drive market.

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China manufacturing

Chinese officials call on carmakers to clamp down on price spiral

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China consumption

‘The American dream has faded’: how Jeep reached the end of the road in China

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Electric & new energy vehicles

China and Europe power 24% growth in global EV sales in June

Sales in China jumped 28 per cent, while Europe’s demand rose 23 per cent to 390,000 units last month, according to Rho Motion.

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Visitors look at a BYD EV at the Bucharest Tech Expo in June. Photo: Xinhua
Electric & new energy vehicles

China’s BYD accelerates Saudi expansion as Tesla boosts EV awareness in kingdom

BYD aims to open seven showrooms in the Middle Eastern country by the second half of 2026, taking the total to 10.

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China economy

Opinion | For Chinese firms going out, global success requires truly ‘going in’

Beyond great products and service, building a trusted brand requires Chinese firms to integrate into, not just occupy, foreign markets.

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Electric & new energy vehicles

Xpeng launches G7 ‘Super AI’ SUV, taking on Xiaomi YU7 and Tesla Model Y

The G7, Xpeng’s first model to feature its in-house Turing AI chip, starts at 195,800 yuan (US$27,325).

Xpeng’s G7 sits next to a model of the company’s slef-developed AI chip. Photo: Weibo
US-China trade war

US Senate, passing Trump bill, bars energy tax credits for China-linked firms

House of Representatives must still approve legislation, which also ends ‘de minimis’ customs protections, before sending it to White House.

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China airliners

China’s aerospace drive, Summer Davos and more

This week: Comac sets goal for C929 plane, PBOC outlines steps to boost use of yuan, China woos Central Asia and President Xi calls for de-escalation in the Middle East. Next week: Summer Davos in Tianjin, Nato summit, Trump’s steel tariffs to hit Chinese appliances and more.

Electric & new energy vehicles

Exclusive | SemiDrive to supply cockpit chips in European EVs as Chinese firms go global

‘Striving to be a top global chip supplier, we need to expand from the China market to the global market,’ general manager Eugene Wang says.

Visitors look at a display at the booth of SemiDrive Technology at the 2023 Shanghai Auto Show. Photo: Getty Images
Electric & new energy vehicles

Chinese EVs: Xiaomi accelerates launch of Tesla Model Y rival YU7

Sales will start at the end of this month instead of in July, founder and CEO Lei Jun says.

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Xiaomi founder and CEO Lei Jun introduces the smartphone maker’s electric SUV, the YU7, at a launch event in Beijing on May 22, 2025. Photo: Reuters
IPO

Chery to debut in third quarter as carmaker uses Hong Kong as a springboard

Hong Kong Chief Executive John Lee touts city’s capital markets and professional services at auto expo.

Electric & new energy vehicles

Chinese EV maker Leapmotor jumps into Hong Kong market

Beachhead in city will reach global consumers and help international investors better understand the company, founder and CEO says.

China economy

Opinion | As China reins in the EV sector, 1 solution stands above the rest

Industry consolidation would not only end an unsustainable race to the bottom but also help Beijing’s broader economic agenda.

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Employees work on an assembly line of an EV factory in Chongqing on May 20. After consolidation, the remaining companies will be in a stronger financial position to provide more stable employment and higher wages. Photo: EPA-EFE
Electric & new energy vehicles

How BYD and Chinese peers are transforming Europe’s small EV market

Volkswagen, Renault and other EU stalwarts prepare a slew of smaller, cheaper EVs to fight an influx of Chinese models.

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BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port in Suzhou, Jiangsu Province in September 2024. Photo: AFP
Xiaomi

Xiaomi founder stays on as honorary chairman at Chinese software firm

Kingsoft Office is best known for its WPS Office software, a popular local alternative to Microsoft Office.

Electric & new energy vehicles

Xiaomi’s EV unit to become profitable this year, CEO Lei Jun says

Smart EV unit recorded 4.3 billion yuan of gross profit last quarter, trailing operating expenses by 500 million yuan, according to its financial report.

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Electric & new energy vehicles

EV price war, BYD woes prompt fears of China Evergrande-style crisis

Chairman of Great Wall Motor says EV price war, profitability problem could nudge industry into a liquidity crunch.

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A BYD model L in Shanghai. Photo: EPA-EFE
Foxconn

Foxconn expects robust revenue growth from AI despite US tariffs

The world’s largest contract electronics manufacturer plans to enter the US market by the end of this year, chairman Young Liu says.

Electric & new energy vehicles

Tesla’s brand is losing its shine, lagging BYD and Xiaomi: UBS poll

Tesla lost favour with global customers, with 18 per cent of buyers considering it their top pick last year, down from 22 per cent, UBS says.

Xiaomi

Xiaomi posts record earnings in first quarter amid push into EVs, chips

Revenue from Xiaomi’s smartphone and smart devices segment reached US$13.2 billion, up 22.8 per cent from the same period a year ago.

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Xiaomi CEO Lei Jun speaks during the launch of Xiaomi’s new mobile phone chip in Beijing on May 22, 2025. Photo: AFP
Electric & new energy vehicles

BYD’s price cuts shock China’s EV market, spark fears of price war escalation

BYD offers discounts of 10 to 30 per cent on 22 of its battery-powered and plug-in hybrid models.

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A BYD model L at an auto show in Shanghai. Photo: EPA-EFE
Electric & new energy vehicles

Renault leverages Shanghai operation for cars aimed at markets outside Europe

Company says Shanghai operation is working on developing models for Ampere and Renault marques for sale outside Europe.

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China economy

Opinion | In picking Hong Kong over New York, CATL’s IPO was a strategic move

CATL’s geopolitical moves, from spurning Wall Street to partnering Indonesia’s green transition, speak volumes about the future of competition.

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Electric & new energy vehicles

BYD overtakes Tesla in Europe for the first time as sales jump 169% in April

Shenzhen-based BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics.

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BYD Dolphin Surf EVs are parked at the Chinese carmaker’s event in Berlin, Germany, on Wednesday. Photo: Reuters
China technology

Chinese drone maker EHang sees regular flying taxi services by 2030

EHang, which is conducting trials in Guangzhou and Hefei, will offer services in restricted corridors in these two cities by year-end.

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EHang’s EH216-S unmanned aerial vehicle is displayed at the China International Consumer Products Expo in Haikou, Hainan province, in April. Photo: Xinhua
Electric & new energy vehicles

CATL’s EV battery plants to become carbon neutral this year, founder Zeng says

Company will offer its technologies and solutions to its partners globally to promote clean energy.

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Made in China 2025

Buy local: China directs state bodies to buy more home-made EVs for official use

Beijing’s latest order follows similar notices in 2024 that aim to increase Made in China electric vehicles in government fleets.

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