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China EVs

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An Xpeng showroom in Hong Kong. Photo: Jelly Tse
Electric & new energy vehicles

Geely, Xpeng EV models threaten market leaders with cheaper, smarter cars

Middle-income consumers in China are becoming increasingly budget-conscious.

Electric & new energy vehicles

Shanghai aims for China’s carmaking crown with Toyota plant

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Electric & new energy vehicles

EV price war: Tesla offers Model 3 subsidies, Xpeng dangles zero-interest loans

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Mergers & Acquisitions

Nissan to bow out of historic tie-up with Honda, Nikkei reports

The pair had been negotiating the terms of a tie-up under which Honda would absorb Nissan, bringing the two brands under a single holding company in 2026.

Nissan Motors’ Chief Executive Makoto Uchida (left),Takao Kato, CEO of Mitsubishi Motors (center), and Honda Chief Executive Toshihiro Mibe (right), leave after a joint news conference in Tokyo on December 23, 2024. Photo: AP
Nissan Motors’ Chief Executive Makoto Uchida (left),Takao Kato, CEO of Mitsubishi Motors (center), and Honda Chief Executive Toshihiro Mibe (right), leave after a joint news conference in Tokyo on December 23, 2024. Photo: AP
SCMP Highlights

Xiaomi’s HK$1 trillion value, self-driving features in new cars: 5 EV reads

From Xiaomi’s market value surpassing HK$1 trillion to self-driving features in new Chinese cars, here are five EV stories you may have missed.

Electric & new energy vehicles

Xiaomi’s market value hits HK$1 trillion on bullish EV sales outlook

Smartphone maker reaps benefits of its diversification into EV manufacturing as order backlog grows.

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Business of climate change

Electric trucks cheaper than diesel vehicles on long-haul routes: expert

A pilot programme in Shenzhen showed that trucks that run on batteries beat diesel-fuelled vehicles in terms of total cost of ownership.

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Xie Haiming, the director of Shenzhen Xieli New Energy and Intelligent Connected Vehicle Innovation Centre, a think tank. Photo: Jonathan Wong
Xie Haiming, the director of Shenzhen Xieli New Energy and Intelligent Connected Vehicle Innovation Centre, a think tank. Photo: Jonathan Wong
Electric & new energy vehicles

15 million new Chinese EVs to have self-driving features this year

Even models priced below 100,000 yuan (US$13,914) will have basic autonomous-driving features, according an industry body.

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Electric & new energy vehicles

BYD resorts to forex trading strategy to counter yuan’s volatility

The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.

SCMP Highlights

BYD’s labour woes in Brazil, US bans Chinese tech in smart cars: 7 EV reads

From Chinese carmakers’ overseas plans to US banning China tech in smart cars, here are seven EV stories you may have missed.

BYD electric vehicles form a queue before being loaded onto the Chinese carmaker’s Explorer No 1 carrier for export to Brazil. Photo: China Daily via Reuters
Electric & new energy vehicles

EU tariffs failing to stop flood of Chinese electric vehicles, new trade data suggests

China’s exports of electric vehicles to the European Union rose again in December, prompting fears of an escalating trade conflict in 2025.

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BYD electric cars are stacked up for export at a port in eastern China. China’s rapidly increasing exports of electric vehicles has sparked tensions with the European Union. Photo: AFP
BYD electric cars are stacked up for export at a port in eastern China. China’s rapidly increasing exports of electric vehicles has sparked tensions with the European Union. Photo: AFP
Electric & new energy vehicles

China’s EV sales stumble off the line in 2025, raising profit concerns

Deliveries of electric and plug-in hybrid cars on the mainland fell 50 per cent month on month to 206,000 units in the first 12 days of the year.

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Semiconductors

Greater Bay Area’s next-gen chipmakers find ready buyers in Chinese EV industry

Guangzhou’s Nansha district is attracting companies specialising in silicon carbide semiconductors, as they look to capitalise on regional integration.

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Electric & new energy vehicles

China’s WeRide starts third European self-driving trial in Switzerland

Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.

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WeRide-powered autonomous vehicles have found use at Zurich airport and the French Open. Photo: Weibo/ Xauto报告
US-China relations

US investigation finds China unfairly dominates shipbuilding, sources say

Chinese embassy spokesperson responds to report, says ‘US blames China for its own problems’.

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A shipyard in Jiangyin, Jiangsu province, China. File photo: EPA-EFE
A shipyard in Jiangyin, Jiangsu province, China. File photo: EPA-EFE
IPO

China’s CATL poised to pick banks for US$5 billion Hong Kong share sale

World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.

Electric & new energy vehicles

China’s EVs to see self-driving ‘democratisation’ in 2025, UBS analyst says

China has rapidly progressed from a market for carmakers into an ‘innovative hub’ for technologies such as electrification and intelligence.

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Electric & new energy vehicles

Beijing renews EV subsidy to spur sales, keeps size of incentive unchanged

NDRC says buyers of electric cars for replacement purposes would receive US$2,728 this year.

A BYD EA1 Xdream at an exhibition in Shanghai. Photo: AFP
A BYD EA1 Xdream at an exhibition in Shanghai. Photo: AFP
SCMP Highlights

China car dealers face price war, BYD beats Tesla in fourth quarter: 7 EV reads

From Chinese EV car dealers facing a price war to BYD’s output beating Tesla in the fourth quarter, here are seven EV stories you may have missed.

Electric & new energy vehicles

China’s discount war rolls on after 227 EV models slashed prices in 2024

Industry embarks on a new round of price competition that is likely to edge out more underachieving players in 2025.

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Electric & new energy vehicles

China’s 30,000 car dealers face bleak 2025 as price war, e-commerce crimp margins

Despite a 4.7 per cent rise in nationwide car sales, some 4,000 dealerships have closed due to a financial squeeze.

People walk past various Chinese-made electric cars for sale inside a shopping centre in Beijing on January 9, 2024. Photo: AP
Electric & new energy vehicles

BYD’s fourth-quarter EV output beats Tesla as world’s No 1

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

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The BYD logo at the Beijing Auto Show. Photo: AFP
The BYD logo at the Beijing Auto Show. Photo: AFP
Electric & new energy vehicles

Here are the 6 biggest winners in China’s nationwide EV buying spree

BYD, Nio, Xpeng, Li Auto, Stellantis-backed Leapmotor and Geely’s Zeekr all delivered record numbers of EVs last month.

Electric & new energy vehicles

From oversupply to Trump 2.0: the outlook for EV batteries in 2025

Here are a few things you need to know about the EV battery market in 2025.

Semiconductors

China struggles to build car chip supply chain to break free of imports

The country’s self-sufficiency rate for automotive chips is currently less than 10 per cent, according to an official at MIIT.

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The BYD booth at the Automechanika in Frankfurt, Germany, September 11, 2024. Soaring EV production in China is boosting demand for chips. Photo: Xinhua
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China Future Tech
HIGHLIGHTS FROM
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China Business

DeepSeek shows that ‘China eats the world’: Deutsche Bank

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Traffic runs on a busy street near the central business district of Beijing on July 12, 2024. Photo: AP

Policy

From ‘piglet’ to powerhouse: how DeepSeek changed China’s AI narrative

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Like its logo, DeepSeek has become an industry whale in its own right, becoming impossible to ignore as it resets assumptions about what it takes to be an artificial intelligence leader. Illustration: Lau Ka-kuen

Big Tech

DeepSeek fires up AI deployments into PCs, robots and EVs amid US sanctions

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DeepSeek’s artificial intelligence models offer enterprises access to advanced technology at a lower cost. Photo: Shutterstock

Diplomacy

China’s Vice-Premier Zhang to attend Paris AI summit as DeepSeek stuns world

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Vice-Premier Zhang Guoqing will visit France from Sunday to Wednesday, according to the Chinese foreign ministry. Photo: Reuters

Big Tech

DeepSeek warns of impostor accounts as AI app’s popularity soars

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DeepSeek is warning the public against fake social media accounts posing as related to the Chinese AI start-up. Photo: Reuters
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