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BYD
A BYD Sealion 7 on display at the Baltic Motor Show in Riga, Latvia, on April 24. Photo: EPA
Electric & new energy vehicles

Chinese EV makers hunt for idled plants in Europe as they expand global influence

BYD, the world’s largest electric car maker, says it is in talks with Stellantis about using European marques’ idled assembly facilities.

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Electric & new energy vehicles

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

Electric & new energy vehicles

Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla

Electric & new energy vehicles

Tesla lures budget-conscious Chinese buyers ahead of state visit by Trump

US President Donald Trump’s entourage for his three-day trip to China includes Tesla CEO Elon Musk and Tim Cook of Apple.

People walk past a Tesla showroom inside a shopping mall in Chongqing, China, on June 23, 2025. Photo: Getty Images
People walk past a Tesla showroom inside a shopping mall in Chongqing, China, on June 23, 2025. Photo: Getty Images
SCMP Highlights

Chinese brands eye Europe; Geely joins Chery, BYD profit slide: 7 EV reads

From Malaysia’s import curbs to film-projecting headlights, here are seven EV stories you may have missed.

Electric & new energy vehicles

Chinese smart cars set to control 20% of western European market by 2028: JPMorgan

Amid surging demand for electrification and a worldwide energy crisis, domestic carmakers can benefit from the stepped-up ‘go-global’ drive.

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Electric & new energy vehicles

Tech and pricing edge behind China’s SUV surge against BMW, Mercedes and Audi

Chinese SUVs storm the premium segment with fresh momentum, giving German marques their toughest test in years.

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The NIO ES9 on display during the opening day of the Beijing Auto Show in Beijing on April 24, 2026. Photo: AFP
The NIO ES9 on display during the opening day of the Beijing Auto Show in Beijing on April 24, 2026. Photo: AFP
Electric & new energy vehicles

Chinese EV maker Leapmotor taps Stellantis’ Spanish plant for EU production

Hangzhou carmaker’s overseas strategy highlights how Chinese brands are leveraging idle plants to scale globally while easing trade barriers.

Electric & new energy vehicles

Tesla China posts 36% sales rise, as local rivals nip at heels

April sales rose on a year-on-year basis but dropped from the previous month, indicating fiercer competition from domestic brands.

Electric & new energy vehicles

China’s move to cut EV payment cycles may push weaker carmakers out: S&P

China’s weaker EV makers may soon be running on fumes as tighter payment cycles squeeze cash flow and curb price wars.

Employees work on the production line at a factory for Chery’s electric vehicles in Wuhu, Anhui province, China. Photo: Reuters
Electric & new energy vehicles

China’s EV battery giants thrive while carmakers’ profits shrink amid price wars

Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.

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CATL’s advanced battery module technology is displayed at the Auto China show in Beijing that ended on May 3. Photo: China News Service/VCG via Getty Images
CATL’s advanced battery module technology is displayed at the Auto China show in Beijing that ended on May 3. Photo: China News Service/VCG via Getty Images
Electric & new energy vehicles

From Beijing to Berlin: Chinese EVs turn heads as brands eye European markets

BYD, Geely and Xpeng showcase eye-catching EVs at Beijing auto show as they build momentum in Europe and target more discerning buyers.

Electric & new energy vehicles

Chinese start-up ZYT eyes semi-autonomous truck production this year

DJI spin-off is providing autopilot systems to six manufacturers, as fuel-saving abilities gain importance amid oil supply shock.

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Electric & new energy vehicles

BYD, Geely benefit from overseas orders amid Middle East energy shock

Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost.

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A journalist takes pictures of the Geely E5 electric compact SUV car presented at the launch of Geely Auto France in Paris on April 28. Photo: Reuters
Electric & new energy vehicles

Full charge: Xiaomi shares surge on EV sales boost

Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.

Visitors view a physical exploded model of a Xiaomi SU7 at Auto China 2026 in Beijing. Photo: AP
Visitors view a physical exploded model of a Xiaomi SU7 at Auto China 2026 in Beijing. Photo: AP
Electric & new energy vehicles

Shifting gears: how foreign giants aim to catch up in China’s EV era

International carmakers launch tailored models and accelerate R&D as they scramble to match the speed and sophistication of domestic rivals.

Electric & new energy vehicles

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

Ultra-fast charging technology and a wave of smart features are helping Chinese EVs win over overseas buyers.

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Electric & new energy vehicles

Geely joins Chery, BYD in profit slide as China car sales plunge

Three most profitable carmakers last year all report double-digit profit declines, but rosier export forecast improves outlook.

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People view a Geely vehicle in Paris on Tuesday. Photo: Xinhua
People view a Geely vehicle in Paris on Tuesday. Photo: Xinhua
Semiconductors

Hit from memory costs spreads from smartphones to BYD EVs in China

Carmaker explicitly cites sky-high memory costs as it raises the price of a high-end driver-assistance system by 21 per cent.

Electric & new energy vehicles

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

SCMP Highlights

China’s EV makers to cut charging times; Li Auto’s expansion: 7 EV reads

From BYD’s first-quarter profit to Xpeng’s August goal to overtake self-driving tech in China, here are seven EV stories you may have missed.

A worker walks past the venue of this year’s Beijing Auto Show at the China International Exhibition Center in Beijing on April 23. Photo: AFP
BYD

BYD, China’s EV king, posts a 55% slump in first-quarter profit

The company reports a net profit of nearly 4.09 billion yuan (US$590 million) and revenue of 150.2 billion yuan.

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Visitors check a BYD Seagull electric vehicle at Auto China in Beijing on April 26. Photo: Reuters
Visitors check a BYD Seagull electric vehicle at Auto China in Beijing on April 26. Photo: Reuters
Electric & new energy vehicles

China’s EV and battery makers race to cut charging times to under 10 minutes

Fast-charging technology takes centre stage at the Beijing Auto Show as firms unveil batteries promising unprecedented speed.

CATL

CATL falls nearly 7% on US$5 billion placement to expand renewables

Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.

Electric & new energy vehicles

Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion

Pony AI and WeRide harness China’s supply chain strength to cut costs, boost efficiency and scale robotaxi fleets worldwide.

A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
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