China switched on 21 gigawatts of new coal power capacity in the first half of this year, the highest since 2016, according to a recent energy report. This came after electricity demand hit a historic high in July, driven by extreme heatwaves. Hydropower faltered, and coal plants were fired up to meet the load. At…
CATL and BYD collectively installed 326.4 GWh of EV batteries in January-July 2025, accounting for 55.3 percent of the global total. Six of the world’s top ten EV battery manufacturers are Chinese companies. During January-July, CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) continued to dominate the global electric vehicle (EV) battery market, collectively…
Call them China’s Sputnik moments: DeepSeek. BYD and Xiaomi cars. A robot Olympics in Beijing. Huawei’s resurgence. And Labubu. Labubu did its job. The little gremlin doll made it clear that a brand being from China is no longer shorthand for cheap. Pop Mart has built trust to such an extent that company management is…
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DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this month on the US carmaker’s mainland website. ByteDance’s Doubao large language model (LLM) would facilitate…
As per reports, Chinese tech giant Xiaomi is gearing up to launch its first electric vehicles (EVs) in Europe by 2027. The announcement came during the company’s second-quarter 2025 earnings call, where President Lu Weibing revealed the milestone. The move marks Xiaomi’s first international expansion for its automotive division and reflects the brand’s rising ambitions…
A record high number of private-sector executives and chief scientists have been shortlisted this year to compete for academicianship in China’s top institute for engineering science and technology. Nineteen are included on the newly released candidate list for the Chinese Academy of Engineering (CAE), including Hu Guoping, 48, principal researcher and co-founder of AI specialist…
Chinese electric vehicle giant BYD registered a local unit as a car manufacturer, a possible hint that the world’s biggest EV maker could soon start producing vehicles in South America’s third-largest auto market. The filing, registered with the country’s Justice Ministry, authorises BYD Auto Argentina SAU not only to import and sell cars but also…
Zhejiang Leapmotor Technology, once a fringe player in China’s electric vehicle (EV) industry, is beating all its start-up rivals by sales and stock gains this year and analysts say there is more to come. The carmaker’s Hong Kong-listed shares have doubled since January – outpacing better-known peers XPeng and Xiaomi – and have surged more…
On August 1, China’s state planner announced a crackdown on “herd behaviour” in emerging industries, targeting the surge of capital into hot sectors such as electric vehicles (EVs), batteries and solar. Officials warned against “blind imitation” where firms large and small pile into the same space, sparking price wars and overcapacity. This frenzy, often dubbed…