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Chinese EV makers’ July sales dip 5% as narrower discounts cool vehicle buyers’ ardour

Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum…

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New Business

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…

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New Business

Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

Xiaomi, the Chinese smartphone maker and electric-car start-up, priced its YU7 sport-utility vehicle (SUV) at a 4 per cent discount…

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New Business

CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities…

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New Business

Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

The cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker…

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New Business

China’s EV price war threatens Nio and Xpeng’s plans to stem losses: JPMorgan

The earnings outlook for Chinese electric vehicle (EV) makers remains cloudy, as their profit margins further decline amid fierce price…

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New Business

Seres, Huawei’s carmaking partner, plans Hong Kong listing to fund global expansion

Seres Group, the carmaking partner of Huawei Technologies, has submitted an application to list its shares in Hong Kong. The…

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New Business

BYD’s Denza launches N9 SUV to rival Mercedes, BMW in premium EV segment

China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and…

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New Business

BYD to add autopilot system in EVs to gain edge amid China’s price war

BYD plans to offer an autopilot system in nearly all its cars, making autonomous driving affordable to all mainland Chinese…

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New Business

Embattled Chinese EV maker Hozon eyes exports to survive brutal domestic price war

Chinese electric vehicle (EV) start-up Hozon New Energy Automobile, which is reeling from a cutthroat price war on the mainland,…

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