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People visit the Shanghai International Automobile Industry Exhibition in April 2023. Photo: AFP
Electric & new energy vehicles

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.

Electric & new energy vehicles

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

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Electric & new energy vehicles

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

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Electric & new energy vehicles

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.

A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
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.

Hong Kong stock market

China’s narrower tech gap with US creates investment opportunities: fund managers

CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.

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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.

People look at a Nio ET7 at the Beijing Auto Show in Beijing on May 3, 2024. Photo: AFP
People look at a Nio ET7 at the Beijing Auto Show in Beijing on May 3, 2024. Photo: AFP
Electric & new energy vehicles

BYD out-earns Tesla after out-making, out-selling 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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Electric & new energy vehicles

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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Electric & new energy vehicles

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
Electric & new energy vehicles

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.

BYD’s premium brand Denza launches its most expensive model called N9 in Shenzhen on March 21, 2025. Photo: Handout
BYD’s premium brand Denza launches its most expensive model called N9 in Shenzhen on March 21, 2025. Photo: Handout
Electric & new energy vehicles

Chinese EV maker Nio’s fourth-quarter loss widens, revenue outlook underwhelms

‘This year marks the beginning of a new product cycle for our three brands,’ says founder, chairman and CEO William Li Bin.

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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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.

Xpeng X9 electric vehicles in Guangzhou. Photo: AFP
Electric & new energy vehicles

Chinese carmaker Geely’s profit soars 213% driven by EVs, asset sales

Geely sold 2.18 million vehicles last year, of which 1.76 million units were delivered on the mainland while 414,522 units were exported.

Geely is China’s second-largest carmaker with several brands in its portfolio. Photo: Reuters
Geely is China’s second-largest carmaker with several brands in its portfolio. Photo: Reuters
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

Tesla banks on Model Y, China’s CATL to see strong growth: 7 EV reads

From an expectation of strong growth for China’s CATL to Zeekr challenging BMW and Mercedes, here are seven EV stories you may have missed.

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Electric & new energy vehicles

Chinese EV maker Xpeng trims losses on 23% revenue rise

The carmaker expects revenue to increase by up to 140 per cent from a year earlier in the first quarter.

Xpeng X9 electric vehicles at a port in Guangzhou. Photo: AFP
Xpeng X9 electric vehicles at a port in Guangzhou. Photo: AFP
Banking & finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

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Electric & new energy vehicles

Chinese EV maker Nio, battery king CATL join forces on swapping stations

CATL, which is planning a US$5 billion Hong Kong share listing, will invest up to US$345.6 million in Nio.

Electric & new energy vehicles

BYD shares surge on unveiling of ‘fast as gas’ charging tech

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

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Visitor view a BYD Sealion 7 EV at the 41st Thailand International Motor Expo, in Bangkok, Thailand, on November 29, 2024. Photo: Reuters
Electric & new energy vehicles

Chinese EV battery maker CATL to see strong growth in 2025: analysts

US investment bank Jefferies raises CATL price target after company reports record profit for 2024.

People passed a CATL logo at an auto show in Shanghai. Photo: Reuters
People passed a CATL logo at an auto show in Shanghai. Photo: Reuters
Electric & new energy vehicles

Volkswagen to launch 11 new models in China as it eyes 4 million units by 2030

The new models will come with high-performance digital features, such as autonomous driving capabilities and over-the-air updates.

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Electric & new energy vehicles

Tesla plans cheaper model to put brakes on China sales slide

The US company’s share of the world’s largest EV market has dropped to 4.3 per cent from more than 16 per cent in 2022.

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.

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