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Nick Lai

(黎永強)

Nick Lai
黎永強
The latest news and top stories on Nick Lai, the Head of Asia Auto Research and Head of China Equity Research at JPMorgan.
Photo: AFP
Electric & new energy vehicles

EV influx, US rare earth miners blacklisted, China-EU trade talks

This week: Automakers ready to debut 150-plus EVs before year-end, China blacklists US companies including rare earth miners, foreign businesses encouraged to sell shares in China. Next week: Commerce Minister Wang Wentao heads to Brussels, new overseas investment rules take effect, June factory activity data release and more.

Electric & new energy vehicles

Banking on it: Chinese EVs expand their global footprint

Electric & new energy vehicles

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

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Electric & new energy vehicles

Geely Auto to curb excess capacity amid overhaul to boost carmaker’s global edge

Company chairman eyes plant mergers and a formal succession road map as the firm rejects price wars to focus on international growth in rivalry with BYD.

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Technicians work on an automated vehicle-assembly line at a Geely Auto plant in Zhejiang province. Photo: Getty Images
Electric & new energy vehicles

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Electric & new energy vehicles

China’s BYD, Chery chart 80% growth overseas as EV demand spikes

‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.

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Electric & new energy vehicles

Premium plan: China’s EV makers pin hopes on higher-margin models

New models from carmakers including Nio and Seres also challenge Tesla’s bestselling Model Y and cars from luxury German marques.

People inspect and pose with Nio’s ES9 ahead of the car’s launch event in Beijing on Wednesday. Photo: Reuters
Electric & new energy vehicles

China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage

EV giant pushes affordable autonomy with its system, aiming to make self-driving safer and accessible to mass-market consumers.

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International Property

Property challenges put Chinese firms’ go-global plans at risk: JLL

Some firms have scrapped investment plans to ‘restart from scratch’ after difficulty securing property, researcher says.

Electric & new energy vehicles

China’s Chery plans for 1m EVs sold abroad amid global energy crisis

Anhui-based carmaker anticipates 27 per cent increase in foreign deliveries in 2026 as battery ranges improve and oil prices rise.

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Employees work on a factory production line for Chery’s electric vehicles in China’s Anhui province. Photo: Reuters
Electric & new energy vehicles

Chinese EV makers hunt for idled plants in Europe as they expand global influence

BYD, the world’s largest electric car maker, says it is in talks with Stellantis about using European marques’ idled assembly facilities.

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A BYD Sealion 7 on display at the Baltic Motor Show in Riga, Latvia, on April 24. Photo: EPA
Electric & new energy vehicles

Chinese smart cars set to control 20% of western European market by 2028: JPMorgan

Amid surging demand for electrification and a worldwide energy crisis, domestic carmakers can benefit from the stepped-up ‘go-global’ drive.

BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

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Electric & new energy vehicles

Chinese EV makers target global expansion at Auto China amid energy shock

Most carmakers taking part in the exhibition have either debuted models designed for export markets or announced expansion plans.

Xpeng CEO He Xiaopeng speaks at the launch of the Xpeng GX at the Beijing car show on Friday. Photo: AFP
Electric & new energy vehicles

China’s premium EVs mount tech-powered challenge to BMW, Mercedes-Benz at expo

10-day show in Beijing, the world’s largest, to feature 1,451 models and exhibition area of 380,000 square metres.

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A worker puts the finishing touches on the China International Exhibition Centre in Beijing on Wednesday ahead of Auto China 2026. Photo: AFP
Electric & new energy vehicles

CATL to supercharge China’s EV sector with revamped battery tech

World’s largest EV battery producer reveals third-gen product that charges in under six and a half minutes, easing drivers’ range anxiety.

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Mainland China

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

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Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier. Photo: Reuters
Electric & new energy vehicles

Chinese carmakers step up global expansion using idled foreign facilities

Great Wall Motors, Geely and other Chinese carmakers are using an asset-light strategy to accelerate their growth overseas.

Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

Electric & new energy vehicles

Chinese carmaker BYD chases 24% export growth with new models, more showrooms

Shenzhen-based company expects to sell 1.3 million cars this year outside mainland China.

Cars unloaded from the ship BYD Changzhou await further movement at a port in Argentina on January 19, 2026. Photo: AFP
Electric & new energy vehicles

Editorial | China’s EV industry should focus on consolidation at home, expansion abroad

With Beijing discouraging ‘irrational competition’, the fewer brands with greater scale that emerge from the consolidation wave should look to opportunities abroad.

Workers assemble Zeekr models at a plant in Ningbo, Zhejiang province, on April 17, 2025. Photo: AP
Electric & new energy vehicles

Chinese EV makers’ outlook overseas improves as Europe levels the playing field

Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.

Electric & new energy vehicles

China-EU tariff consensus on EVs will cut shipments but boost profits

Agreement on price floors will allow mainland carmakers to avoid price wars and nurture brand reputation, analysts say.

Electric & new energy vehicles

Beijing renews trade-in subsidy scheme amid domestic car market’s gloomy outlook

Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.

A BYD electric car at an exhibition in Shanghai. Buyers of an electric vehicle for replacement purposes would get a subsidy equivalent to 12 per cent of the newly bought car’s price. Photo: AFP
Electric & new energy vehicles

Dozens of Chinese EV makers under pressure to fold or trim operations: analysts

Grappling with expiring cash subsidies and tax incentives, China’s car market is forecast to see deliveries slump next year.

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About 50 unprofitable Chinese electric vehicle makers face pressure to scale down their business or wind down operations. Photo: Shutterstock
Electric & new energy vehicles

Chinese SUV maker Jetour pushes localised offerings to hasten go-global drive

Jetour is already present in more than 100 countries and regions after seven years in operation.

Electric & new energy vehicles

China’s approval for L3 self-driving cars to stimulate slowing mainland market

Chinese carmakers could sell about 270,000 semi-autonomous vehicles next year, representing 1 per cent of the total market, Daiwa says.

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