Opinion | China’s shift to quality is redrawing Southeast Asia’s tech map

Opinion | China’s shift to quality is redrawing Southeast Asia’s tech map

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…

Read More
EV

China Races to Dominate Latin America’s EV Market

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…

Read More
BYD coaxes first-car buyers to go electric with an EV that’s 30% less than Tesla’s Model 3

BYD coaxes first-car buyers to go electric with an EV that’s 30% less than Tesla’s Model 3

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…

Read More
Chinese carmakers rein in EV price cuts at Beijing’s behest as discount war takes its toll

Chinese carmakers rein in EV price cuts at Beijing’s behest as discount war takes its toll

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…

Read More