On a sunny afternoon in late November, hundreds of onlookers gathered beside a picturesque lake near Shanghai as a massive silver drone lifted off silently from the deck of a cutting-edge vessel, marking the dawn of a new chapter for the low-altitude economy in both mainland China and Hong Kong. The demonstration at Dianshan Lake,…
Thousands of passenger and cargo air taxis could be flying across Hong Kong within a decade as the low-altitude economy takes off, according to one of mainland China’s largest drone makers, which hopes to launch operations in the city. AutoFlight senior vice-president Kellen Tse told the Post the electric vertical take-off and landing (eVTOL) aircraft…
Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world’s top listing venue, the stock exchange operator said in a year-end review. “2025 has been a year of momentum – global investors returned with conviction, and innovation from…
Nine Republican lawmakers, including several congressional committee chairs, sent a letter this week urging US Defence Secretary Pete Hegseth to add more than a dozen Chinese technology firms to the Pentagon’s list of companies alleged to have links to the Chinese military. The letter, released on Friday after US President Donald Trump signed a US$900…
Since early 2023, Chinese companies have pledged more than $180 billion for clean energy projects outside China, according to a report by Climate Energy Finance. These firms produce most of the world’s solar panels, batteries, and electric vehicles. They invest in full supply chains, from mining to recycling, helping other countries build green power systems….
For decades, New York and London have defined the flow of global capital. But while markets still chase short-term returns in US equities, the next great wave of productive investment is taking shape in East Asia, led by China’s financing, manufacturing and export of the clean technologies that are remaking the global economy. That contrast…
Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum,…
A European electric vehicle repair shop said Teslas powered by LG battery packs made in China have higher failure rates than those made in Europe or the U.S. The LG cells face accelerated degradation compared to those made by Panasonic. Repairs can cost thousands of dollars and swapping the cells is even more expensive. Tesla…
CATL and BYD collectively installed 442.2 GWh of EV batteries from January to September 2025, accounting for 54.5 percent of the global total. South Korea’s LG Energy Solution maintained its third-place position with a 9.8 percent market share during the January-September period. CATL (HKG: 3750) and BYD (HKG: 1211) continued to dominate the global electric…
The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto, one of the few profitable EV makers in mainland China,…