International car brands, already experiencing a sharp sales decline, have one more thing to worry about as Chinese electric vehicle (EV) maker Nio began sales of a new luxury sedan to challenge the likes of BMW’s 7 series and Audi’s A8. The fully electric ET9 executive sedan, which the company expects to begin delivering in…
Executives of those companies scoff at all this. Many say they now struggle to justify investing in the country and talk instead of cutting staff. In a recent survey by the American Chamber of Commerce in Shanghai, less than half of respondents said they were optimistic about the prospects for their business in China over…
In the global BEV market, Tesla ranked first with an 18.5 percent share, BYD was second with 17.5 percent, and Nio was eighth with 2.4 percent. BYD (HKG: 1211, OTCMKTS: BYDDY) is the dominant player in the global plug-in hybrid electric vehicle (PHEV) market, as sales of its hybrid models continued to rise. In the…
1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…
Hong Kong’s leader has expressed confidence in deepening collaboration with Shanghai, while assuring businesses and professionals in the mainland Chinese city that his administration’s focus has shifted from politics to economic development. Chief Executive John Lee Ka-chiu praised the close ties as he concluded a three-day visit to Shanghai on Wednesday, where he met officials…
The South China Morning Post is embarking on a six-part series of motoring reviews to focus on Chinese electric vehicles that are made for the export market, either in the right-hand drive versions or their original left-hand drive editions. In this instalment, Mark Andrews puts Nio’s ET7 through its paces, concluding that the car’s quality…
Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…
The presidential race between Donald Trump and Kamala Harris comes at a time of rising geopolitical tensions on multiple fronts. In the 14th report of an in-depth series, we look at China’s rise in hi-tech manufacturing and the US’ efforts to contain it. After decades spent working around the clock to produce an almost unimaginable…
In the second instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at the key technologies of major Chinese EV assemblers battling for supremacy in the world’s largest and fastest-growing automotive market. Click here for the first part. China’s electric vehicle (EV) makers are “an existential threat” to America’s…