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New energy vehicles

China’s semiconductor output jumps 40% in first quarter amid growing dominance in legacy chips

by Anas Siddiqui
China’s semiconductor output jumps 40% in first quarter amid growing dominance in legacy chips

China’s total integrated circuit (IC) output surged 40 per cent to 98.1 billion units in the first quarter, a sign that the country is expanding its production of older-generation chips …

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New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

by Anas Siddiqui
New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to …

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BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

by Anas Siddiqui
BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy …

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Xpeng founder He Xiaopeng bullish after Chinese EV maker reports higher quarterly revenue, narrower loss in line with forecast

by Anas Siddiqui
Xpeng founder He Xiaopeng bullish after Chinese EV maker reports higher quarterly revenue, narrower loss in line with forecast

“Since the first quarter of this year, there has been an industry-wide price war, which has been growing increasingly fierce,” He Xiaopeng, chairman and CEO, said during a company conference …

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China’s electric vehicle infrastructure falls short, as Lunar New Year holiday woes of EV drivers in Hainan and elsewhere showed

by Anas Siddiqui
China’s electric vehicle infrastructure falls short, as Lunar New Year holiday woes of EV drivers in Hainan and elsewhere showed

However, the biggest problem for NEV drivers this Lunar New Year was the lack of charging stations. Chinese scientists produce a powerful winter-proof lithium battery This year, Xinhua estimated that …

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China has made Mexico a premier investment destination. Is it a US detour, or something more?

by Ron Morgan
China has made Mexico a premier investment destination. Is it a US detour, or something more?

The same trend is seen in China’s battery exports to Mexico, particularly the lithium batteries used in electric vehicles. China’s battery exports to Mexico rose 35 per cent year on …

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Foxconn pushes into electric vehicle production near its biggest iPhone plant amid slow smartphone sales

by Anas Siddiqui
Foxconn pushes into electric vehicle production near its biggest iPhone plant amid slow smartphone sales

Foxconn Technology Group has set up a new car venture in Zhengzhou city, capital of central China’s Henan province and home to the world’s largest iPhone factory, as the Apple …

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China hunts for new industrial ‘pillars’ to replace a wobbly property market

by Ron Morgan
China hunts for new industrial ‘pillars’ to replace a wobbly property market

As China’s property sector – once a steadfast contributor to a sizeable chunk of the country’s gross domestic product (GDP) – becomes a less reliable growth driver under a cloud …

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