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EVs: Companies

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EVs: Companies
Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
Visitors trying out an in-car entertainment system at the 2025 Shanghai International Automobile Industry Exhibition on Wednesday, April 23, 2025. Photo: Intel Corporation.
Electric & new energy vehicles

Digital cockpit is the key to the Russian EV buyer’s wallet, vendors say

With large screens and high-quality audio systems, Chinese cars are ready to run infotainment software Russian drivers favour, vendor says.

Electric & new energy vehicles

Chinese carmakers put brakes on self-driving hype at Shanghai show

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Electric & new energy vehicles

Hesai to quadruple lidar output to extend lead in laser range finders

Electric & new energy vehicles

No-shows at Shanghai car expo reflect brutal mainland competition

Hyundai, Hozon, Jaguar Land Rover, Polestar and nearly a dozen other marques miss the world’s largest auto event.

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People throng the Shanghai auto show during a media day, in Shanghai on April 23, 2025. Photo: Reuters
Electric & new energy vehicles

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

The industry will see wider adoption and a big jump in the number of robotaxis in the next three years, Pony.ai CEO James Peng says.

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

EV makers urged to boost safety in self-driving systems after Xiaomi SU7 crash

Caution came as China’s level 2 driving automation system ‘has entered a critical period of large-scale application’.

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A person using a driverless autonomous robotaxi as part of Baidu’s Apollo Go self-driving project in Wuhan in August 2024. Photo: AFP
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.

Electric & new energy vehicles

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

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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
Electric & new energy vehicles

Exclusive | Xpeng to use own Turing AI chip to power its self-driving cars this quarter

Xpeng’s Turing AI chip is three times more powerful in computing power than the Nvidia chip installed in its existing EVs.

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CEO He Xiaopeng will unveil Xpeng’s 2025 X9 at the Kai Tak Cruise Terminal in Hong Kong on Tuesday. Photo: Sun Yeung
Electric & new energy vehicles

Tesla offers interest-free loans in China for Model Y to lift sagging sales

The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.

Hong Kong environmental issues

Editorial | EV makers help to supercharge Hong Kong

Mainland electric vehicle manufacturers are using Hong Kong as a testing hub to realise their global expansion dreams.

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
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
CATL

CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion

CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.

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.

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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

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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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

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
Electric & new energy vehicles

Exclusive | Hesai eyes Europe’s smart EVs for lidar sales after Mercedes-Benz deal

Hesai’s 2025 profit may jump to between 200 million yuan and 350 million yuan, from 14 million yuan last year, said its chief financial officer Andrew Fan.

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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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
Electric & new energy vehicles

Xpeng chairman calls on Hong Kong to open up to self-driving EVs

He Xiaopeng says company will introduce two models in the city this year in a launch ‘not just for Hong Kong, but also for the world’.

He Xiaopeng, chairman and CEO of Xpeng, kicks off global shipments of the X9 in Guangzhou, Guangdong province on February 22, 2025. Photo: Coco Feng
Hong Kong stock market

BYD shares nosedive after US$5.6 billion placement announcement

The EV maker’s rationale for the share sale is reasonable, despite the short-term share-price drop on the news, an analyst says.

Banking & finance

BYD raises up to US$5 billion in stock sale to fund its EV research

The carmaker will use the proceeds from the share placement for research and development and overseas expansion.

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