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Chassis and car body products displayed by Gestamp at the 2025 Shanghai Auto Show. Photo: Handout
Electric & new energy vehicles

Exclusive | Spanish car-part supplier Gestamp eyes added China capacity as peers back off

‘We could be a very active player,’ executive chairman says at Shanghai Auto Show.

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US-China trade war

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

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Electric & new energy vehicles

Chinese robotaxi firm Pony.ai eyes global expansion, unveils 3 models

Business of climate change

China’s energy-storage sector in trouble as price war, tariffs dent outlook

Slower capital spending and weaker prices projected as tariffs set to hit China’s biggest export market for energy-storage systems.

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Inside a factory owned by RJECTech, which produces battery storage products in Nansha, Guangzhou province. Photo: Eugene Lee
Inside a factory owned by RJECTech, which produces battery storage products in Nansha, Guangzhou province. Photo: Eugene Lee
Electric & new energy vehicles

Chinese EV makers take spotlight as Tesla skips Shanghai Auto Show

Firms including BYD, Nio, Geely, Xiaomi and Leapmotor will showcase new and existing models at the two-week event starting on Wednesday.

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Electric & new energy vehicles

CATL to mass-produce cheaper, efficient sodium-ion EV batteries

The new Naxtra-brand batteries would enable an electric vehicle to travel up to 500km (310 miles) on a single charge.

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Electric & new energy vehicles

EVs | Xpeng eyes Toyota’s Alphard, Europe sales with its X9 electric MPV

More Chinese EV brands will enter the global market in the future, notwithstanding the current tariff turmoil, CEO He Xiaopeng says.

CEO He Xiaopeng stands next to its new all-electric X9 at Kai Tak Cruise Terminal on April 14, 2025. Photo: Sun Yeung
CEO He Xiaopeng stands next to its new all-electric X9 at Kai Tak Cruise Terminal on April 14, 2025. Photo: Sun Yeung
Business of climate change

Emissions from AI chip manufacturing rose fourfold in 2024, Greenpeace says

There are many opportunities to invest directly in wind and solar energy, yet global chipmakers have failed to do so on a meaningful scale, Greenpeace says.

Commodities

Oil plunges as trade, oversupply risks increase and Saudis slash prices

Saudi Aramco lowered Arab Light crude to its biggest buyers in Asia more than expected for May, and offered smaller cuts for the US and Europe.

Business of climate change

Beijing crackdown on solar industry ‘too little, too late’: US advisory firm

Clean Energy Associates says ‘measures lack sufficient substance to impact the already established online manufacturing capacity’.

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A worker produces photovoltaic modules in Jiangsu province. Photo: AFP
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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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
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

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.

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.

China energy security

China weeds out bad behaviour in quest to harvest farmers’ untapped solar power

The country’s energy regulator called for the ‘healthy and orderly’ growth of small-scale, distributed solar power and dissuaded monopolies.

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Small-scale solar energy installations, like those on households or other buildings, often generate more power than their users need. Photo: AP
US-China trade war

‘Increasing US costs’: how Trump’s policies on Chinese solar risk backfiring

US trade and investment barriers will not halt Chinese solar industry’s rapid global expansion – but may put American manufacturing projects at risk.

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China’s solar industry accelerated its global expansion in 2024, with Chinese companies investing an estimated US$140 billion overseas since 2023, according to a new report. Photo: Reuters
China’s solar industry accelerated its global expansion in 2024, with Chinese companies investing an estimated US$140 billion overseas since 2023, according to a new report. Photo: Reuters
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.

Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

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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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Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
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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Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

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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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

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.

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
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