Hong Kong stocks rose by the most in two weeks on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index advanced 1.4 per cent to 24,545.57 at 10am local time, the most since June 24, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index jumped…
A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if…
Chinese electric vehicle (EV) maker Xpeng has ramped up development of its own artificial intelligence (AI) chip to power its semi-autonomous cars, with a first mass production model to be fitted with the Turing chip from as early as this quarter. The chip, which is claimed to be more powerful than Nvidia’s Drive Orin X,…
Ni Tao is IE’s columnist, giving exclusive insight into China’s technology and engineering ecosystem. His Inside China column explores the issues that shape discussions and understanding about Chinese innovation, providing fresh perspectives not found elsewhere. Extended-range electric vehicles (EREV) are emerging as one of the fastest-growing segments in China’s booming new energy vehicle market. In 2024 alone, sales of…
Hong Kong and other major stock markets in the Asia-Pacific region traded lower on Wednesday following a rebound a day earlier, as US President Donald Trump’s hefty tariffs on China took effect. The Hang Seng Index slumped 1.6 per cent to 19,815.24 at the noon trading break, the lowest level since January 23. The Hang…
As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent. Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded. Electric vehicle (EV) stocks traded in Hong Kong were hit hard by US President Donald Trump’s new tariff measures, which triggered a selloff in global markets….
China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and Mercedes-Benz in the luxury segment as competition in the world’s largest auto market intensifies. The Denza unit on Friday unveiled the six-seat SUV called Denza N9, priced at 389,800 (US$60,860) to 449,800 yuan, which is…
Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.3 per cent to 23,520.73 as of 9.45am local time, adding to a loss of 3.2 per cent since March…
By: Bloomberg | Updated on: 04 Feb 2025, 09:16 AM China’s electric vehicle makers enjoyed a busy January as the extension of trade-in subsidies helped underpin sales during the usually quieter Lunar N … China’s electric vehicle makers enjoyed a busy January as the extension of trade-in subsidies helped underpin sales during the usually quieter…
Deliveries of pure electric and plug-in hybrid cars across mainland China plummeted 50 per cent to 206,000 units in the first 12 days of the year compared with the same period in December, according to the China Passenger Car Association (CPCA). The sharp decline follows a 42 per cent surge in sales last year, making…