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China EVs

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BYD
CATL’s advanced battery module technology is displayed at the Auto China show in Beijing that ended on May 3. Photo: China News Service/VCG via Getty Images
Electric & new energy vehicles

China’s EV battery giants thrive while carmakers’ profits shrink amid price wars

Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.

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Electric & new energy vehicles

From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets

Electric & new energy vehicles

Chinese start-up ZYT eyes semi-autonomous truck production this year

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Electric & new energy vehicles

BYD, Geely benefit from overseas orders amid Middle East energy shock

Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.

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A journalist takes pictures of the Geely E5 electric compact SUV car presented at the launch of Geely Auto France in Paris on April 28. Photo: Reuters
A journalist takes pictures of the Geely E5 electric compact SUV car presented at the launch of Geely Auto France in Paris on April 28. Photo: Reuters
Electric & new energy vehicles

Full charge: Xiaomi shares surge on EV sales boost

Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.

Electric & new energy vehicles

Shifting gears: how foreign giants aim to catch up in China’s EV era

International carmakers launch tailored models and accelerate R&D as they scramble to match the speed and sophistication of domestic rivals.

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Electric & new energy vehicles

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

Ultra-fast charging technology and a wave of smart features are helping Chinese EVs win over overseas buyers.

A GAC Montx concept car is displayed on the opening day of Auto China in Beijing. Photo: AFP
A GAC Montx concept car is displayed on the opening day of Auto China in Beijing. Photo: AFP
Electric & new energy vehicles

Geely joins Chery, BYD in profit slide as China car sales plunge

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

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Semiconductors

Hit from memory costs spreads from smartphones to BYD EVs in China

Carmaker explicitly cites sky-high memory costs as it raises the price of a high-end driver-assistance system by 21 per cent.

Electric & new energy vehicles

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

A BYD Seagull electric vehicle on display at Auto China in Beijing. Photo: Reuters
SCMP Highlights

China’s EV makers to cut charging times; Li Auto’s expansion: 7 EV reads

From BYD’s first-quarter profit to Xpeng’s August goal to overtake self-driving tech in China, here are seven EV stories you may have missed.

A worker walks past the venue of this year’s Beijing Auto Show at the China International Exhibition Center in Beijing on April 23. Photo: AFP
A worker walks past the venue of this year’s Beijing Auto Show at the China International Exhibition Center in Beijing on April 23. Photo: AFP
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

China’s EV and battery makers race to cut charging times to under 10 minutes

Fast-charging technology takes centre stage at the Beijing Auto Show as firms unveil batteries promising unprecedented speed.

CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

People walk past a Contemporary Amperex Technology Ltd logo at the Auto Shanghai show on April 18. Photo: Reuters
Electric & new energy vehicles

Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion

Pony AI and WeRide harness China’s supply chain strength to cut costs, boost efficiency and scale robotaxi fleets worldwide.

A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
Electric & new energy vehicles

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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Electric & new energy vehicles

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

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Electric & new energy vehicles

Xpeng sets August goal to overtake Tesla’s self-driving tech in China

Carmaker bets on training AI in China’s dense urban roads to build a competitive advantage for expansion into Europe and Southeast Asia.

He Xiaopeng, CEO of Chinese electric vehicle maker Xpeng, walks past the new SUV GX six-seater on the opening day of Auto China 2026 in Beijing. Photo: AFP
He Xiaopeng, CEO of Chinese electric vehicle maker Xpeng, walks past the new SUV GX six-seater on the opening day of Auto China 2026 in Beijing. Photo: AFP
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.

US-China relations

Trump ally visits China, DeepSeek releases V4, EV earnings

This week: Trump ally Daines is set to visit China, DeepSeek unveils new AI model, Xi calls for Strait of Hormuz reopening, Auto China opens. Next week: BYD, Geely and Chinese banks post earnings, Politburo probably meets, May Day holiday begins, and more.

Electric & new energy vehicles

Huawei earmarks US$11.7b for training of autonomous-driving systems

Company claims it will outspend all rivals combined to boost computing power, which is essential to enhance advanced driving systems.

Richard Jin, CEO of Huawei’s intelligent automotive solutions business unit, introduces the company’s latest advanced driving system in Beijing on April 23, 2026. Photo: Reuters
Electric & new energy vehicles

Chinese EV makers bet on in-house chips to make cars smarter and more autonomous

Chinese EV makers are showcasing advanced in-house chips at Auto China, powering smarter vehicles and challenging global tech leaders.

Hesai CEO David Li speaks at the lidar maker’s tech open day in Shanghai, on April 17, 2026. Photo: Reuters
Hesai CEO David Li speaks at the lidar maker’s tech open day in Shanghai, on April 17, 2026. Photo: Reuters
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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Electric & new energy vehicles

China’s low-cost EVs to be fitted with lidar systems, usually saved for lux cars

Intense competition, rapid tech advancement and falling costs allow the superior driving systems to be fitted into budget-price vehicles.

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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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People look at a model of CATL’s Chocolate 26# Battery during the CATL Tech Day event ahead of the Beijing Auto Show in Beijing on April 21. Photo: AFP
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