Overcapacity

New Business

Chinese EV makers tipped to storm world’s top 10 carmakers by 2030, McKinsey forecasts

Up to five Chinese vehicle assemblers, leveraging their technology and production advantages in building electric cars, are likely to make…

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New Business

BYD executives buy shares in a show of confidence in the EV maker’s investment value

In a rare move, more than three dozen BYD executives increased their stakes in the world’s largest electric-vehicle (EV) maker,…

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New Business

China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to…

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New Business

Dongfeng Motor to list Voyah EV brand in Hong Kong, take parent company private

Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its electric vehicle (EV)…

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My Take | China’s involution problem is not just about supply but also demand

In economic policy documents, Beijing’s leadership used the term “involution”, neijuan in Chinese, in efforts to combat excessive competition in…

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China’s EV price war dashes profit hopes of 90% of brands, AlixPartners says

Less than 10 per cent of electric vehicle (EV) brands in China will turn a profit in the next five…

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China’s Geely to stop building new car plants amid severe global overcapacity: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely…

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Opinion | How Hong Kong can help defend the rules-based order

For several years, Chinese officials have been talking about “changes unseen in a hundred years” without elaborating what they have…

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Exclusive | As unswerving superpowers meet unsustainable tariffs, Yao Yang breaks down the paradox

Yao Yang is a Chinese economist, professor and former dean of the National School of Development at Peking University. He…

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New Business

Exclusive | Spain’s Gestamp plans to expand China output as vehicle parts maker goes against the herd

Gestamp, one of the world’s top manufacturers of metal parts for cars, is pursuing acquisition opportunities in China’s automotive sector,…

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