Daniel Ren

2 weeks ago | scmp.com | Daniel Ren

A commercial-vehicle subsidiary of China’s state-owned carmaker GAC Group has its sights set on Europe, where it hopes its electric vans can lure corporate buyers away from petroleum-powered models built by the likes of Ford and Stellantis. Xiao Ning, CEO of Miraco Motor, told the Post that the company would launch its first model in Europe next year.

2 weeks ago | scmp.com | Daniel Ren

The Hong Kong government plans to permit more businesses to test higher-capacity aerial vehicles, aiming to boost the low-altitude economy and assess their impact on logistics efficiency and traffic, Deputy Financial Secretary Michael Wong Wai-lun said.

2 weeks ago | scmp.com | Daniel Ren |Hannah Wang |Cao Li

Chinese electric vehicle (EV) maker Xpeng aims to start offering Hong Kong consumers smart cars featuring semi-autonomous driving systems next year as it gears up to take on Tesla’s FSD (Full Self-Driving) feature outside mainland China. He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin.

2 weeks ago | scmp.com | Daniel Ren

More than a dozen Chinese carmakers, including BYD, pledged to cut payment cycles to suppliers to 60 days from as long as a year after Beijing moved to police the nation’s auto market, which has been engaged in a bruising price war. On Tuesday evening, the 14 companies – including state-owned FAW and GAC Group – said the move came as a result of recent regulatory guidance on the sustainable development of China’s automotive sector.

2 weeks ago | scmp.com | Daniel Ren

Eve Energy, China’s fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country’s industrial gems.