The Ford F-150 Lightning is canceled, as is its fully electric replacement, codenamed “T3.” Meanwhile, China’s EV and PHEV options keep making inroads in cheap segments across the globe. Ford’s Universal EV Platform is still on track to launch in 2027. The F-150 Lightning will gain a gas engine. An American-made commercial electric van has…
For years, many foreign companies treated China as a vast consumer base or a low-cost manufacturing hub. Now that paradigm is shifting dramatically. China is not just where multinationals scale production or sell at volume; it is increasingly where they make strategic decisions, engage in serious research and development and innovate in ways that will…
Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market. The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs,…
Let’s strip away all the hype, all the noise and all the controversies for a moment and get real: I do not think there would have been a Tesla, as we understand it today, without Elon Musk. No, he didn’t start the company, as many believe. But Musk’s early capital, leadership through the Great Recession,…
From January to September, Li Auto‘s deliveries fell 13.07 percent year-on-year, while Xpeng surged 217.77 percent. For most of the past two years, Li Auto has held the highest market capitalization among China’s EV trio. Xpeng (HKG: 9868) has surpassed Li Auto (HKG: 2015) in market capitalization as the two companies have demonstrated starkly different…
Xpeng, one of Tesla’s biggest Chinese competitors, has started building cars in Europe. The ambitious EV maker’s first European models will be built alongside the legendary Mercedes-Benz G-Class. That’s because Xpeng contracted Magna International, the same company that built the Fisker Ocean and Jaguar I-Pace. Chinese electric car maker Xpeng has officially started manufacturing electric…
Chinese makers of smart electric vehicles (EV) will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller losses…
The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland buyers of the car, and some other…
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…
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…