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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.
German Foreign Minister Johann Wadephul (right) and Chinese Foreign Minister Wang Yi shake hands at the end of their joint press conference in Berlin. Photo: dpa
China-EU relations

Rare earth exports should never come between us, China’s Wang Yi tells Europe

China’s foreign minister tells news conference in Germany that Chinese authorities have a ‘fast-track channel’ for European companies.

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China-EU relations

As China, EU eye warm ties, Brussels aims to protect its manufacturing base

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Asean

Opinion | How Asian businesses can compete with China’s apex predators

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Automotive industry

China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Less than 10 per cent of the 129 brands currently on the market would be profitable by 2030 if the unrelenting discounts continue, Stephen Dyer says.

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Employees work on an EV assembly line at Leapmotor’s factory in Jinhua, Zhejiang province. Photo: AFP
EVs: Companies

Xpeng launches G7 ‘Super AI’ SUV, taking on Xiaomi YU7 and Tesla Model Y

The G7, Xpeng’s first model to feature its in-house Turing AI chip, starts at 195,800 yuan (US$27,325).

Climate change

Opinion | Australia should leave politics out of climate collaboration with China

Seeing Beijing solely through a security lens undermines Canberra’s capacity to engage pragmatically on shared environmental interests.

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China-EU relations

Europe has many challenges but none come from China, Wang Yi tells EU

Top EU diplomat Kaja Kallas urges concrete solutions to rebalance economic ties and calls on China to end restrictions on rare earth exports.

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The EU’s top diplomat Kaja Kallas shakes hands with Chinese Foreign Minister Wang Yi during his visit to the EU institutions in Brussels on Wednesday. Photo: EPA
Tesla

Tesla’s global sales drop again as competition, Musk backlash bite

But Tesla shares gained 3 per cent in early trading as the drop in sales proved less severe than the bleakest analyst projections.

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Geely

BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

BYD had its best month this year in June, while Geely Auto is gunning for record deliveries in 2025 after a robust first-half performance.

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China-Africa relations

Is this the copper century? China moves to shore up supplies from Africa

African copper is crucial for China as the West restricts supplies, notably from Canada, analyst says.

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The Democratic Republic of Congo remains China’s biggest source of copper from Africa. One analyst says the DRC is among the most promising new copper sources. Photo: AFP
Xiaomi

Xiaomi squeezes Tesla with China SUV order flood

Elon Musk’s Tesla faces renewed pressure in China, its largest overseas market, after a Xiaomi SUV got 200,000 pre-orders in just three minutes.

Xiaomi CEO Lei Jun introduces the YU7. Photo: AFP
China's economic recovery

China’s global investment surge aims to counter domestic challenges: Moody’s

The investments are likely to focus on emerging markets like South and Southeast Asia, Latin America and the Middle East, report says.

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US Politics

Trump takes aim at Musk for again criticising his flagship spending bill

World’s richest man, Elon Musk, reprised his sharp criticisms of Trump’s bill and called again for a new political party.

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China manufacturing

Chinese EV battery firm Eve eyes second Malaysia plant

The US$1.2 billion facility, revealed weeks after company’s Hong Kong listing plan, will make batteries for energy-storage systems.

Eve Energy, based in Huizhou in China’s southern Guangdong province, said on June 9 its board had endorsed a Hong Kong listing plan aimed at bolstering its international expansion. Photo: Handout
China technology

Video | The future of driverless cars

Post video producer Thomas Yau and Shanghai bureau chief Daniel Ren test an autonomous driving system in China to see how the country’s carmakers compare with US competitors like Tesla.

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How does Chinese driverless system compare with Tesla’s?
Indonesia

Indonesia’s US$5.9 bn battery project sparks environmental concerns

The world’s largest nickel producer is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom.

Rare earths

China’s rare earth curbs spur overseas projects, says US developer

Analysts say buildouts to be costly and protracted, could require subsidies and tariffs to stave off Chinese competition.

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Business of climate change

Cloudy with a chance of bankruptcy: US tariffs hurt China’s solar firms

One-third of China’s 121 listed solar producers are in the red; more than 50 along the supply chain have filed for bankruptcy this year.

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Illustration by Henry Wong
Xiaomi

Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Bookings for the SUV, priced from US$35,366, hit 200,000 in just three minutes, company says.

China Future Tech briefing

Robotics | China’s Blade Runner moment as androids, flying cars take off

Humanoid robots are going into mass production, followed soon by flying cars, with China in a leading position in both technologies.

US-China relations

Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

Corporate giants Amazon, Apple, Meta and Nvidia rank outside top 10 but still among tech firms at risk.

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Assembly team worker Kevin Garner lowers the engine assembly onto the frame of a large SUV at a General Motors assembly plant in Arlington, Texas. Photo: The Dallas Morning News/TNS
Xiaomi

Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

YU7 starts at around US$35,322; Xiaomi CEO says ‘we have set an unreasonable goal of beating the Model Y’.

Xiaomi CEO Lei Jun in Beijing. Photo: AFP
China economy

Opinion | The new wave of globalisation could be China-led

Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

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China-EU relations

Rare earths, Taiwan discussed as Wang Yi meets EU envoys at Polish embassy

Gathering comes ahead of European leaders’ summit in Beijing with President Xi Jinping to mark 50 years of diplomatic ties.

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China economy

Opinion | China is taking Silicon Valley’s market ‘hacks’ to a whole new level

From ‘blitzscaling’ to leveraging network effects, China is using these same methods to dominate supply chain and disrupt markets.

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Companies and industrial hubs like Hangzhou are implementing a “whole of society” approach towards developing and deploying emerging technologies. Photo: Shutterstock
BYD

CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

CATL chief manufacturing officer Ni Jun says EV discount war will not end if Beijing authorities remain on the sidelines.

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CATL’s Ni Jun. Photo: World Economic Forum
China-EU relations

China’s plug-in hybrid exports spike in wake of EU tariff exemption

Plug-in hybrids are exempt from European Union duties on Chinese electric vehicles. China’s auto giants have been quick to take advantage.

China-EU relations

China decries latest EU trade salvo putting medical devices in the line of fire

Brussels urged to ‘immediately correct its wrongdoings’, while Beijing says it will take measures to defend Chinese enterprises’ interests.

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