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Electric & new energy vehicles

Electric & new energy vehicles
Latest news, in-depth features and opinion on electric & new energy vehicles, with a particular focus on China.
Xiaomi will cooperate with the police after an accident involving the autonomous driving feature of its SU7 electric vehicle (EV) claimed three lives. Photo: Weibo/ 南京金刀客

Xiaomi car crash sparks concerns, BYD beats Tesla again: 7 EV reads

From Xiaomi’s fatal car crash to Chinese EV makers reporting strong first quarter sales, here are seven EV stories you may have missed.

Automotive industry

‘Millions of drivers need to be educated’ after fatal Xiaomi crash: analysts

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Future of transport

Top Chinese EV makers power ahead thanks to subsidies, tax incentives

China-Russia relations

Opinion | Amid tariff wars, Chinese carmakers are dominating Russian market

The likes of Geely and Chery have filled the gap left by Western rivals. Even with higher duties now levied by Moscow, Chinese vehicles remain the most popular.

Illustration: Craig Stephens
Autonomous vehicles

Xiaomi car crash involving self-driving feature sparks concerns in China

Company says it submitted the driving data and relevant operational information to the police and deeply regrets the tragedy.

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Hong Kong transport

Launch of Hong Kong’s newest premium taxi fleet plagued by cancellations

Reporters, lawmaker try to hail ride via JOIE app without success. Transport expert asks why premium taxis aren’t using centralised app.

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Tesla

Tesla offers interest-free loans in China for Model Y to lift sagging sales

The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.

Tesla launched the redesigned Model Y SUV in China in February. Photo: AFP
Tesla

Musk says ‘terrorism’ behind fire at Rome Tesla showroom

Tesla cars have become targets for vandalism across several countries in response to Elon Musk’s right-wing activism.

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India

Opinion | Don’t blame China for India’s manufacturing decline

Beijing’s proposed manufacturing partnership ran aground only after New Delhi decided to take border tensions out on Chinese businesses.

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China manufacturing

China to crack down on unfair EV price cuts to stabilise industry

China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.

People visit the Shanghai International Automobile Industry Exhibition in April 2023. Photo: AFP
Business of climate change

Xpeng CEO says flying car market will be bigger than EVs over next 2 decades

CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.

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Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Focus

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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EVs: Companies

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

Science

EV expert Xu Fuguo returns to China after leaving US$30 million project in Japan

Engineer returns as professor at Dalian university as Japan’s auto industry struggles to keep up with Chinese innovation and market momentum.

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Xu Fuguo, whose research has focused on EV control engineering, started as a professor in the mechanical engineering school at Dalian University of Technology after spending years researching in the Japanese auto sector. Photo: Xinhua
Banking & finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
China-EU relations

China, Europe ‘share same worry’ about unilateralist forces: ESM director

In China as part of a finance-focused delegation, director of European Stability Mechanism says the two regions are aligned in bid to stabilise international finance.

US-China relations

‘Absolutely wrong’: Jeffrey Sachs rejects US claims of Chinese overcapacity

US economics professor says China’s manufacturing heft essential to global green transition, dismisses Western charges of trade disruption.

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CATL

CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion

CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.

A logo of the battery manufacturer Contemporary Amperex Technology Limited (CATL) at the Auto Shanghai show on April 18, 2023. Photo: Reuters
Hong Kong stock market

Hong Kong stocks rise, led by Chinese EV makers and tech firms

Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.

BYD

BYD out-earns Tesla after out-making, outselling Model 3 producer

Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.

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China-EU relations

Unaffected by EU’s tariffs on EVs, China’s hybrid-vehicle exports surge to bloc

With Brussels’ tariffs not a problem, China’s plug-in hybrid EVs have become the fastest-growing Chinese export item to the 27-nation bloc.

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BYD’s Denza N9 luxury SUV is available in a plug-in hybrid version advertised in London. Photo: Handout
Xiaomi

Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion

The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.

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A Xiaomi SU7 Ultra electric car is displayed at the Mobile World Congress in Barcelona, Spain, on March 3. Photo: Xinhua
China-Canada relations

Canada files WTO trade action against Chinese agriculture, fishery import duties

Tariffs place a 100 per cent surcharge on rapeseed oil, peas and oil cakes for animal feed. Aquatic products will face a 25 per cent levy.

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China-EU relations

Exclusive | In China, BMW bemoans EU tariffs, seeks compromise with policy changes

German carmaker is at the forefront of pending tariff talks between Brussels and Beijing.

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BYD

BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller

The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.

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BYD Qin L EV starts at 119,800 yuan (US$16,526). Photo: Handout
India

India: quashing Volkswagen’s tax bill would be ‘catastrophic’

Indian officials said agreeing to quash the US$1.4 billion tax bill would encourage companies to withhold information and delay inquiries.

A person walks next to the logo of German car maker Volkswagen on a wall at the company’s plant in Wolfsburg, Germany, on March 7. Photo: EPA-EFE
China-EU relations

China urges EU to resolve EV dispute and send positive signal amid uncertainty

Trade wars will result in ‘lose-lose situation’, Commerce Minister Wang Wentao tells BMW chairman ahead of China Development Forum.

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BYD

BYD’s Denza unveils N9 SUV to challenge Mercedes, BMW in premium EV segment

The N9 starts from 389,800 (US$60,860), equipped with BYD’s autonomous driving systems and can support on-vehicle drone systems.

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