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…
As China continues to grow its electric vehicle (EV) industry, it has expanded to several new markets in recent years, opening multiple production and assembly plants across Latin America. Chinese EV companies now offer a wide variety of EV models at competitive prices, making them well-suited to the Latin American market, with a growing uptake…
Fresh seafood and fruits arriving by air in Hong Kong for re-export can now be transferred directly to mainland China for clearance as one of several new measures to help the city remain competitive in a tariff-laden global trade environment, the customs chief has said. Commissioner of Customs and Excise Chan Tsz-tat also told the…
Fresh seafood and fruits arriving by air in Hong Kong for re-export can now be transferred directly to mainland China for clearance as one of several new measures to help the city remain competitive in a tariff-laden global trade environment, the customs chief has said. Commissioner of Customs and Excise Chan Tsz-tat also told the…
Chinese electric vehicle (EV) manufacturer BYD is targeting first-time buyers in Hong Kong with the launch of a competitively priced car model, building on its recent ascension as the local market leader, overtaking Tesla. On Friday, the Shenzhen-based carmaker introduced the Atto 2, a fully electric right-hand-drive compact SUV priced at HK$169,800 (US$21,630) after tax…
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. How China’s ‘big winner’ BYD conquered Sri Lanka’s car market Aggressive pricing, shrewd tax engineering and a…
Visitors tour the booth of BYD during the 2025 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen, South China’s Guangdong province, May 31, 2025. (PHOTO / XINHUA) On a recent afternoon at the BYD Tsuen Wan store, office worker Stephen Lam committed to buying his first elective vehicle — a new five-seater SUV…
CATL and BYD‘s combined EV battery installations in the first half of 2025 stood at 280.8 GWh, accounting for 55.7 percent of the global total. CATL’s market share in January-June saw a slight decline compared to January-May, while BYD’s share saw a slight increase. In the first half of 2025, CATL (SHE: 300750) and BYD…