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China EVs

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

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

CATL

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

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
A Pony AI robotaxi is displayed at the Beijing Auto Show. Photo: DPA
Electric & new energy vehicles

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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Electric & new energy vehicles

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

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Electric & new energy vehicles

Xpeng sets August goal to overtake Tesla’s self-driving tech in China

Carmaker bets on training AI in China’s dense urban roads to build a competitive advantage for expansion into Europe and Southeast Asia.

He Xiaopeng, CEO of Chinese electric vehicle maker Xpeng, walks past the new SUV GX six-seater on the opening day of Auto China 2026 in Beijing. Photo: AFP
He Xiaopeng, CEO of Chinese electric vehicle maker Xpeng, walks past the new SUV GX six-seater on the opening day of Auto China 2026 in Beijing. Photo: AFP
Electric & new energy vehicles

Chinese EV makers target global expansion at Auto China amid energy shock

Most carmakers taking part in the exhibition have either debuted models designed for export markets or announced expansion plans.

US-China relations

Trump ally visits China, DeepSeek releases V4, EV earnings

This week: Trump ally Daines is set to visit China, DeepSeek unveils new AI model, Xi calls for Strait of Hormuz reopening, Auto China opens. Next week: BYD, Geely and Chinese banks post earnings, Politburo probably meets, May Day holiday begins, and more.

Electric & new energy vehicles

Huawei earmarks US$11.7b for training of autonomous-driving systems

Company claims it will outspend all rivals combined to boost computing power, which is essential to enhance advanced driving systems.

Richard Jin, CEO of Huawei’s intelligent automotive solutions business unit, introduces the company’s latest advanced driving system in Beijing on April 23, 2026. Photo: Reuters
Electric & new energy vehicles

Chinese EV makers bet on in-house chips to make cars smarter and more autonomous

Chinese EV makers are showcasing advanced in-house chips at Auto China, powering smarter vehicles and challenging global tech leaders.

Hesai CEO David Li speaks at the lidar maker’s tech open day in Shanghai, on April 17, 2026. Photo: Reuters
Hesai CEO David Li speaks at the lidar maker’s tech open day in Shanghai, on April 17, 2026. Photo: Reuters
Electric & new energy vehicles

China’s premium EVs mount tech-powered challenge to BMW, Mercedes-Benz at expo

10-day show in Beijing, the world’s largest, to feature 1,451 models and exhibition area of 380,000 square metres.

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Electric & new energy vehicles

China’s low-cost EVs to be fitted with lidar systems, usually saved for lux cars

Intense competition, rapid tech advancement and falling costs allow the superior driving systems to be fitted into budget-price vehicles.

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Electric & new energy vehicles

CATL to supercharge China’s EV sector with revamped battery tech

World’s largest EV battery producer reveals third-gen product that charges in under six and a half minutes, easing drivers’ range anxiety.

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People look at a model of CATL’s Chocolate 26# Battery during the CATL Tech Day event ahead of the Beijing Auto Show in Beijing on April 21. Photo: AFP
Electric & new energy vehicles

Jump in EU EV sales amid Iran war boosts Chinese brands’ fortunes

Chinese-made EVs accounted for 16 per cent of the EU market in the year’s first two months, up from 12.2 per cent in 2025, CPCA data shows.

Sales of battery electric vehicles in the EU climbed 51 per cent month on month in March. Photo: EPA
Sales of battery electric vehicles in the EU climbed 51 per cent month on month in March. Photo: EPA
Hong Kong property

Chow Yun-fat nets 91% gain on Hong Kong flat after 31 years as prices rebound

Veteran actor’s deal highlights recovery on the secondary market, even as new launches curb momentum.

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Electric & new energy vehicles

China’s Hesai adds colour to lidar to help EVs level up in self-driving

Colour-capable sensors to ‘significantly enhance’ sensing, helping cars identify traffic lights, construction signs, Deutsche Bank says.

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Business of climate change

Asia-Pacific firms face credit pressure from Iran war energy shock, S&P says

Higher energy prices ratchet up pressure on manufacturing businesses to maintain their profit margins amid rising raw material costs.

A fuel tanker truck leaves a gas station in Beijing, March 28, 2026. Photo: AP
A fuel tanker truck leaves a gas station in Beijing, March 28, 2026. Photo: AP
Electric & new energy vehicles

China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars

The world’s top lithium producer forecasts a strong turnaround as global decarbonisation and AI-driven energy storage fuel demand.

CATL

CATL market cap tops US$293 billion as shares surge on mining arm

A new investment unit to manage mining assets signals CATL’s deeper shift beyond EV batteries into energy storage.

Electric & new energy vehicles

China’s EV battery giant CATL to set up mining arm to secure supply chain

Global energy shock accelerates CATL’s upstream push as demand for EV batteries and storage systems surges.

CATL reported a net profit of 20.74 billion yuan in the three months to March, up 48.5 per cent from the previous quarter and beating analysts’ estimates. Photo: AFP
SCMP Highlights

Brazil blacklists BYD, some foreign brands may exit China: 7 EV reads

From Telsa regaining world’s top spot to Chinese carmakers gaining rapid ground in Europe, here are seven EV stories you may have missed.

BYD’s electric-vehicle factory construction site in Camaçari, Brazil, in December 2024. Photo: Reuters
BYD’s electric-vehicle factory construction site in Camaçari, Brazil, in December 2024. Photo: Reuters
Electric & new energy vehicles

Shanghai Gigafactory has potential to build humanoid robots: Tesla China head

Shanghai Gigafactory could be a ‘golden key’ to advancing Elon Musk’s hopes of commercialising the technology swiftly, Tesla China head says.

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Hong Kong stock market

Chinese EV stocks jump on surging exports, domestic demand hopes

Nio, BYD and Xpeng advance after data shows EV exports more than doubled to just under 1 million in the first quarter.

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Electric & new energy vehicles

EVs | Chinese carmakers gear up for L3 self-driving roll-out

Industry ramps up testing of vehicles with Level 3 autonomous driving capabilities as regulators publish draft safety standards set to take effect in July 2027.

Chinese carmakers gear up for L3 self-driving roll-out
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