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BYD
Xiaomi founder and CEO Lei Jun unveils the SU7 Ultra in Beijing on October 29, 2024. The car model was involved in an accident on the mainland on Saturday, which claimed three lives. Photo: Reuters
Electric & new energy vehicles

Xiaomi car crash involving self-driving feature sparks concerns in China

Company says it submitted the driving data and relevant operational information to the police and deeply regrets the tragedy.

Electric & new energy vehicles

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

Electric & new energy vehicles

China to crack down on unfair EV price cuts to stabilise industry

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
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

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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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.

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Banking & finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
Hong Kong stock market

China’s narrower tech gap with US creates investment opportunities: fund managers

CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.

Hong Kong stock market

Hong Kong stocks rise, led by Chinese EV makers and tech firms

Investors take a cue from a Wall Street tech rally overnight and hunt for bargains following a recent correction, brokers say.

Electric & new energy vehicles

BYD out-earns Tesla after out-making, out-selling Model 3 producer

Chinese EV maker is forecast to widen its lead over Tesla in 2025 and 2026 global sales, according to consensus compiled by Bloomberg.

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The BYD logo is displayed at the Beijing Auto Show in April 2024. Photo: AFP
Electric & new energy vehicles

Chinese EV maker Xiaomi raises US$5.5 billion to accelerate expansion

The Beijing-based firm sold 800 million new shares at HK$53.25 each, a 6.6 per cent discount to the closing price on Monday.

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A Xiaomi SU7 Ultra electric car is displayed at the Mobile World Congress in Barcelona, Spain, on March 3. Photo: Xinhua
A Xiaomi SU7 Ultra electric car is displayed at the Mobile World Congress in Barcelona, Spain, on March 3. Photo: Xinhua
Electric & new energy vehicles

BYD launches a ‘Model 3 killer’ at half the price of Tesla’s top seller

The Qin L and Xpeng’s Mona M03, which are priced around US$16,500, arrive as the US company’s mainland sales are dropping.

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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.

Electric & new energy vehicles

Chinese EV maker Nio’s fourth-quarter loss widens, revenue outlook underwhelms

‘This year marks the beginning of a new product cycle for our three brands,’ says founder, chairman and CEO William Li Bin.

A Nio ET5 in Berlin. Photo: Reuters
China shipbuilding

China is building new ships at record pace to turbocharge its car exports

Shipyards are rolling out huge vessels capable of carrying 8,600 cars as China’s auto industry seeks to accelerate its global expansion.

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Chinese auto companies including BYD have been investing in car carriers as they seek to accelerate their global expansion. Photo: Xinhua
Chinese auto companies including BYD have been investing in car carriers as they seek to accelerate their global expansion. Photo: Xinhua
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.

Electric & new energy vehicles

Chinese carmaker Geely’s profit soars 213% driven by EVs, asset sales

Geely sold 2.18 million vehicles last year, of which 1.76 million units were delivered on the mainland while 414,522 units were exported.

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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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Workers at an Xpeng factory in Guangdong province. Photo: Xinhua
Workers at an Xpeng factory in Guangdong province. Photo: Xinhua
Electric & new energy vehicles

Tesla banks on Model Y, China’s CATL to see strong growth: 7 EV reads

From an expectation of strong growth for China’s CATL to Zeekr challenging BMW and Mercedes, here are seven EV stories you may have missed.

Electric & new energy vehicles

Chinese EV maker Xpeng trims losses on 23% revenue rise

The carmaker expects revenue to increase by up to 140 per cent from a year earlier in the first quarter.

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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Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Electric & new energy vehicles

Chinese EV maker Nio, battery king CATL join forces on swapping stations

CATL, which is planning a US$5 billion Hong Kong share listing, will invest up to US$345.6 million in Nio.

EVs sit outside a Nio delivery center in Shanghai on March 23, 2023. Photo: Reuters
EVs sit outside a Nio delivery center in Shanghai on March 23, 2023. Photo: Reuters
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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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.

Electric & new energy vehicles

Volkswagen to launch 11 new models in China as it eyes 4 million units by 2030

The new models will come with high-performance digital features, such as autonomous driving capabilities and over-the-air updates.

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Volkswagen is releasing the first electric model of the Jetta brand in China next year. Photo: dpa
China Future Tech
HIGHLIGHTS FROM
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Big Tech

Microsoft shutters AI lab in Shanghai, continuing China retreat

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Microsoft has closed its research lab in Shanghai’s Zhangjiang hi-tech zone, and has already removed its logo from the entrance. Photo: Wency Chen

Big Tech

China’s ZTE names Fang Rong as chairman amid AI pivot, revenue drop

Shenzhen-based ZTE expects revenue growth to resume in 2025. Photo: Shutterstock

China Business

Xiaomi car crash involving self-driving feature sparks concerns in China

Xiaomi founder and CEO Lei Jun unveils the SU7 Ultra in Beijing on October 29, 2024. The car model was involved in an accident on the mainland on Saturday, which claimed three lives. Photo: Reuters

Big Tech

Alibaba woos back DingTalk founder to lead office app’s AI push

DingTalk is increasingly leaning into artificial intelligence to align with Alibaba’s new priorities. Photo: Shutterstock

Policy

Guangdong boosts AI and robotics subsidies after DeepSeek’s success

A staff member tests a humanoid robot from a company based in Shenzhen, Guangdong province. Photo: Xinhua
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