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China EVs

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A man tests an iPhone 16 in an Apple store in Beijing on February 13, 2025. Photo: AFP
IPO

Apple supplier Lens Technology joins Chinese firms planning Hong Kong IPOs

Avatr Technology, Shenzhen-listed Changan Automobile’s EV company, is also reportedly considering a US$1 billion Hong Kong listing.

Electric & new energy vehicles

Tesla pins hope on refreshed Model Y to revive faltering sales in China

Electric & new energy vehicles

Exclusive | Hesai eyes Europe’s smart EVs for lidar sales after Mercedes-Benz deal

Electric & new energy vehicles

1.2 million EVs were sold worldwide last month, mostly in China

About three-quarters of the 1.2 million EVs and hybrids sold worldwide in February were delivered in China, according to Rho Motion.

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New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.
New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.
Electric & new energy vehicles

China’s new energy vehicle sector faces ‘elimination contest’ amid crackdown

More than three-quarters of China’s electric car brands may disappear as Beijing vows to stamp out excessive competition.

Electric & new energy vehicles

Chinese EV maker Zeekr to take on BMW, Mercedes in SUV segment

Zeekr will unveil the 9X Grand hybrid SUV next month and price it at the 1 million yuan (US$137,840) level.

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Electric & new energy vehicles

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Electric & new energy vehicles

Tesla’s February sales slump as China buyers turn to BYD, Xiaomi, Xpeng

Sales of the Model Y and Model 3 on the mainland sink 51.5 per cent month-on-month to 30,688 units in February.

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Electric & new energy vehicles

Foreign carmakers in China, Foxconn’s EV push, Tesla in India: 7 EV reads

From foreign carmakers’ struggle in China to Xiaomi’s new luxury EV, here are seven EV stories you may have missed.

Only the fittest will survive in China’s highly competitive car industry, according to analysts. Photo: AFP
Electric & new energy vehicles

Xpeng to test autonomous driving software in Hong Kong to support go-global push

He Xiaopeng says tests of company’s Xpeng Navigation Guided Pilot would be conducted in Hong Kong soon.

Xpeng’s He Xiaopeng in Guangzhou. Photo: Coco Feng
Xpeng’s He Xiaopeng in Guangzhou. Photo: Coco Feng
Electric & new energy vehicles

After finding success with SU7 at home, Xiaomi looks overseas for growth

Xiaomi plans to sell its EVs in overseas markets starting in 2027.

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Hong Kong stock market

BYD shares nosedive after US$5.6 billion placement announcement

The EV maker’s rationale for the share sale is reasonable, despite the short-term share-price drop on the news, an analyst says.

Electric & new energy vehicles

Geely to make its AI-powered pilot system available across all brands

Geely says AI-powered pilot system would be added to all of its brands, including Galaxy, Zeekr and Lynk.

The Geely logo at a dealership in Moscow. Photo: Reuters
Banking & finance

BYD raises up to US$5 billion in stock sale to fund its EV research

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

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The BYD logo is displayed at the Beijing Auto Show in April last year. Photo: AFP
The BYD logo is displayed at the Beijing Auto Show in April last year. Photo: AFP
Electric & new energy vehicles

BYD stokes EV rivalry in China with on-vehicle DJI drone system to boost sales

The carmaker adds new drone system to autonomous driving system among premium features in its sales pitch to win over customers.

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IPO

Chinese carmaker Chery files Hong Kong IPO application

China’s second-largest carmaker lists China International Capital Corp, Huatai Securities and GF Securities as joint IPO sponsors.

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Electric & new energy vehicles

Xiaomi’s ‘Ultra’ luxury EV hits China market at US$73,000

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

The Xiaomi SU7 Ultra EV has been available via presale since November with a price tag of US$112,000. Photo: Xiaomi
The Xiaomi SU7 Ultra EV has been available via presale since November with a price tag of US$112,000. Photo: Xiaomi
Robotics

Made in China 2025: how the country achieved its goals 10 years on

Is China a leader in aeronautics and robotics? What role did the government play in their success? SCMP editors answer questions about Made in China 2025.

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Electric & new energy vehicles

JPMorgan boosts BYD share price target by 60% on strong growth projections

The US investment bank sees BYD’s Hong Kong and Shenzhen share prices at HK$600 and 560 yuan, respectively, by June 2026.

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Electric & new energy vehicles

Why foreign carmakers have little room to manoeuvre in China

The share of foreign carmakers on the mainland could shrink to as low as 32 per cent this year from 35 per cent in 2024, Natixis says.

Only the fittest will survive in China’s highly competitive car industry, according to analysts. Photo: AFP
Electric & new energy vehicles

Chinese EV maker Geely joins BYD in Brazil push via deal with Renault

Production and distribution partnership comes as China’s carmakers look for friendly global markets amid US and European tariffs.

A Geely EX5 is displayed in a Geely booth during the 2025 Indonesia International Motor Show in Jakarta, Indonesia, on February 13, 2025. Photo: Xinhua
A Geely EX5 is displayed in a Geely booth during the 2025 Indonesia International Motor Show in Jakarta, Indonesia, on February 13, 2025. Photo: Xinhua
Electric & new energy vehicles

How DeepSeek’s AI has become a must-have feature in Chinese smart EVs

Some two dozen carmakers, including BYD and Leapmotor, have unveiled plans to equip their models with AI developed by DeepSeek.

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Electric & new energy vehicles

Zeekr joins China’s autonomous-driving race, to unveil tech at Shanghai car show

New York-listed Zeekr, which finalised a merger with Lynk on Friday, will reveal its L3 self-driving system in April.

Electric & new energy vehicles

China’s Changan launches Deepal EV brand in Hong Kong

Changan to partner with Dah Chong Hong to sell the right-hand drive version of the S07 SUV.

Deepal’s S07 SUV. Photo: Handout
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