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EVs: Geopolitics

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Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
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
Electric & new energy vehicles

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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Electric & new energy vehicles

Chinese EV industry pressed to accelerate global expansion amid tariffs

China-EU relations

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

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China shipbuilding

China is building new ships at record pace to turbocharge its car exports

Shipyards are rolling out huge vessels capable of carrying 8,600 cars as China’s auto industry seeks to accelerate its global expansion.

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Chinese auto companies including BYD have been investing in car carriers as they seek to accelerate their global expansion. Photo: Xinhua
Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Electric & new energy vehicles

Xpeng says robotics industry will get bigger than automotive sector

Xpeng plans to mass produce humanoid robots and flying cars for the consumer market by the end of next year.

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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.
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.

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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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US-China tech war

What did China’s tech titans tell Xi Jinping at the symposium?

Ren Zhengfei from Huawei, Lei Jun from Xiaomi and Wang Xingxing from Unitree all gave speeches at the high-profile meeting.

A giant screen at a Beijing shopping centre shows news footage of Huawei founder Ren Zhengfei speaking next to BYD CEO Wang Chuanfu and New Hope’s founder and chairman Liu Yonghao at a symposium with Chinese President Xi Jinping on Monday. Photo: Reuters
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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JPMorgan is extremely bullish on the outlook of BYD’s shares in Hong Kong and Shenzhen. Photo: AFP
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.

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.

Science

New discoveries raise China’s lithium reserves to second largest in the world

Recent finds, including a massive deposit in Tibet, will help meet demand for metal, which is key for EV batteries and other technologies.

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Lithium is key component in electric car batteries. Photo: AFP
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
Foxconn

Foxconn invests in EV battery plant in China’s iPhone city

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

Business of climate change

Tariff jab at Chinese graphite exports could inflate EV battery costs: analysts

A US coalition of graphite miners has asked the Commerce Department to probe Chinese producers and apply 920 per cent of anti-dumping duties.

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Electric & new energy vehicles

Indonesia gives tax incentives to EV makers including China’s BYD, GAC Aion

The carmakers, which are building factories in Indonesia, will enjoy an exemption on import taxes and a break on luxury taxes.

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Workers assemble an EV inside BYD’s first EV factory in Southeast Asia, in Rayong, Thailand, on July 4, 2024. Photo: Reuters
SCMP Highlights

Hong Kong launch pad for Chinese EVs, Xiaomi unveils electric SUV: 7 EV reads

From Chinese start-up Hozon eyeing exports to Chinese electric vehicle makers favouring Hong Kong, here are seven EV stories you may have missed.

Electric & new energy vehicles

Beijing sees Hong Kong as launch pad for Chinese EV makers to go global

Hong Kong ‘can act as a two-way gateway for Chinese EV makers to go overseas and bring in new technologies’.

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China economy

My Take | Tesla is getting love from Chinese state media, but can the affair last?

Communist Party mouthpiece People’s Daily praised Tesla for sparking an EV boom, but Musk’s role in a new Trump administration could complicate matters.

Tesla’s China-made Model 3 vehicles seen during a delivery event at its factory in Shanghai on January 7, 2020. Photo: Reuters
US-China tech war

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

TSMC has stopped taking advanced AI chip orders from mainland Chinese clients. Photo: Reuters
Electric & new energy vehicles

Trump’s return dims outlook for Chinese EV makers amid tariff threats

Chinese EV makers can opt to set up a base in the US, take the tariff blows or find new markets elsewhere, according to Pareto Economics.

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Electric & new energy vehicles

China’s biggest EV tariff victims toe the line on Europe’s levies

The two denials followed Monday’s statement by the Ministry of Commerce that a state-backed guild was solely authorised to engage with the EU in tariff talks.

China-EU relations

China on high alert to EU’s ‘divide and conquer’ tactics as EV talks continue

China and the European Union are set to continue talks next month over tariffs on Chinese-made electric vehicles.

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Cars on a transport train parked at ICO International Car Operators inlet terminals at a port in Zeebrugge, Belgium. Photo: EPA-EFE
China-Australia relations

The US and EU are shutting out China’s green tech. Australia wants more. Why?

Unlike its allies in the West, Australia has kept its doors open to Chinese and green tech. What accounts for this divergence?

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Australian Prime Minister Anthony Albanese and Chinese Premier Li Qiang in Perth, Australia on June 18. The two countries’ trade relationship has warmed after several years of tensions. Photo: Reuters
Business of climate change

In electric buses as with EVs, it’s China versus rest of the world

As China’s market matures, exports hold the key to future profitability for Yutong, Foton and peers in rivalry with European electric-bus producers.

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China-EU relations

EU votes for tariffs on Chinese-made EVs in blockbuster trade row

China, which had lobbied with Germany for the tariffs to be rejected, says it will do all it can to safeguard the interests of Chinese companies.

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