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Electric & new energy vehicles

Electric & new energy vehicles
Latest news, in-depth features and opinion on electric & new energy vehicles, with a particular focus on China.
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
China technology

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.

SCMP Highlights

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

Tesla

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

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BYD

Video | Large fire breaks out at BYD parking garage in Shenzhen

BYD has since reported the fire is out and that there were no casualties.

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China-Latin America relations

BYD made Brazil’s slave labour list. The man behind the decision lost his job

Union said sacking is part of pattern of political meddling in slavery cases.

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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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Autonomous 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
Mainland China

Chinese cars squeeze out Asian rivals in Europe as exports top 1 million

Surging EV shipments boost China’s market share at the expense of Japan and South Korea, while EU exports to China slump.

Middle East

How China’s EV battery king CATL powers up profits while EV makers struggle

Consolidation, scale and technology advantages enhance pricing power as firm’s domestic market share hits 18-month high.

Energy

China’s energy bosses push for tighter rules as overcapacity bites

Calls for tighter approvals highlight how excess capacity is undermining growth despite global demand tailwinds.

A worker at Tianneng Holding Group’s lithium battery factory. Photo: Getty Images
Future of transport

Hyundai spearheads foreign EV comeback push in China with Ioniq brand

South Korean carmaker bets on local partnerships and technology as global brands prepare fresh push into China’s fast-moving EV market.

The new cars will be “shaped specifically for the Chinese market, integrating local technologies and partnerships”, according to Hyundai. Photo: Handout
Mainland China

Solid-state battery firms in China and US charged up for IPO run

A trio of battery developers are advancing listing plans as high oil prices and geopolitical tensions boost interest in energy storage.

Renewable energy

China amps up battery buildout to ‘10 times US 2025 capacity’

China’s battery expansion plans highlight a widening gap with the US, as renewable energy demand fuels rapid growth in storage systems.

CATL

CATL expands green energy footprint with 45% stake in Hangzhou Zhonhen Electric

As part of the deal, CATL will be entitled to appoint one board director and one general manager of the listed company.

A CATL display is seen at the Beijing International Automotive Exhibition, April 30, 2024. Photo: Shutterstock Images
Mainland China

Volkswagen tests China’s appetite for locally developed EVs

The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners.

Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Automotive industry

Chinese carmakers bet on solid-state batteries to drive next EV phase

Carmakers push next-generation battery tech as they chase longer range and improved safety, despite high costs.

China-Latin America relations

Brazil blacklists China EV giant BYD for its slave labour conditions

Government officials said staff were working excessively long hours while being kept in degrading circumstances in their accommodation.

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Energy

New Energy | Green hydrogen drive may help China reach carbon-neutral goal

Renewable power and government support may slash the costs of green hydrogen production and convince potential users to adopt the fuel.

Green hydrogen drive may help China reach carbon-neutral goal
The Philippines

Why high fuel costs could accelerate the Philippines’ EV boom

Vietnam’s VinFast is seizing the moment by offering incentives for drivers to make the switch from petrol-powered vehicles to electric.

Automotive industry

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

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Robotics

Meter running: CaoCao backs heavy-asset play to scale robotaxis

Geely-backed firm targets 100,000 autonomous vehicles by 2030, banking on tighter control of cars, tech and operations to drive efficiency.

Chinese ride-hailing company CaoCao, backed by Geely, is betting on a heavy-asset strategy to emerge as a leading robotaxi operator. Photo: Handout
Tesla

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Drivers charge their vehicles at a Tesla supercharger station. Photo: TNS
China energy security

Strait of Hormuz crisis

China remains relatively sheltered by its strategic oil reserves and investment in clean energy, even as Iran’s blockade of the Strait of Hormuz sparks a global energy crisis.

Automotive industry

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

China manufacturing

China EV makers surge back in March as subsidies and financing spur demand

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

The EV rebound has been underpinned by renewed policy support at the local level. Photo: AFP
SCMP Highlights

China’s electric cars and Iran war, VW pulls Skoda: 7 EV reads

From some Chinese carmakers raising prices to Xiaomi’s fresh fight with Tesla, here are seven EV stories you may have missed.

Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province. China recently overtook Japan as the world’s largest car exporter. Photo: Xinhua
Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.

Mainland China

Middle East oil shock jolts EV demand, putting Chinese exports in fast lane

Orders for Chinese NEVs are rising along with footfalls at EV dealerships both at home and overseas, according to Nomura analyst.

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