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1 week ago | 
scmp.com | Daniel Ren
Global investors are increasingly turning to China’s global market leaders in the technology and energy sectors to diversify their investment portfolios amid heightened geopolitical tensions and uncertain economic outlook, according to JPMorgan.
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1 week ago | 
scmp.com | Daniel Ren |Yujie Xue
China’s Hesai Group, the world’s largest maker of automotive lidar sensors, plans to open its first plant outside the mainland in Southeast Asia next year. Chief financial officer Andrew Fan said on Wednesday the Shanghai-based company recently signed a land lease for the factory, with construction set to start later this year and production in late 2026. He did not give details.
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1 week ago | 
msn.com | Daniel Ren
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1 week ago | 
scmp.com | Daniel Ren
Tesla’s brand has lost the lustre in its major markets due to the political engagements of its CEO Elon Musk, creating opportunities for Chinese rivals like BYD and Xiaomi to fill the void, according to a UBS survey.
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1 week ago | 
scmp.com | Daniel Ren
Beijing has stepped in to monitor the trading of used cars as mainland China’s automotive sector, saddled with overcapacity, is under pressure to improve profitability amid an escalating price war. On Tuesday afternoon, the Ministry of Commerce gathered industry groups, major carmakers and trading platforms for second-hand cars to discuss issues surrounding the sale of “used vehicles with zero mileage”, according to Reuters.
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1 week ago | 
flipboard.com | Daniel Ren
1 hour agoChina: Cabin crew try to fix reading light that failed mid-air in ChinaHefei, China - May 13, 2025 This is the moment the cabin crew tried to fix a reading light that failed mid-air. The light fixture, attached underneath the overhead compartment, unexpectedly detached during the journey on a Hainan Airlines flight from Hefei to Chongqing in China. Footage shows the flight attendant trying to reattach the component to the ceiling without success on May 13.
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1 week ago | 
scmp.com | Yujie Xue |Daniel Ren
BYD’s decision over the weekend to cut prices on 22 models to promote sales has cast a pall over the earnings outlooks of Chinese electric vehicle (EV) makers, as many competitors are expected to follow suit in an effort to retain market share. BYD’s Hong Kong-listed shares lost 7.5 per cent to close at HK$425.20 on Monday. Xpeng saw its shares close 3.4 per cent lower at HK$75.35, while Li Auto closed 3.2 per cent lower at HK$109.90. And Geely shares fell 6.7 per cent to close at HK$18.38.
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1 week ago | 
scmp.com | Daniel Ren
The Hong Kong stock exchange is set to be inundated with initial public offerings (IPOs) in coming months after Chinese electric vehicle (EV) battery king CATL’s bumper listing whetted global investors’ appetite for Asian markets, according to JPMorgan. The local bourse, buoyed by regulators’ efforts to promote fundraising, has made a strong comeback this year and is currently leading the race for the title of the world’s largest IPO market.
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1 week ago | 
thestar.com.my | Daniel Ren
Tesla’s bestselling Model Y faces yet another challenger on the mainland after Xiaomi unveiled the YU7 electric SUV amid much hoopla surrounding its launch over the past two months. The smartphone maker’s much-anticipated vehicle, featuring a preliminary self-driving system, large multimedia screen and high-performance battery, is seen as a game changer in the premium electric vehicle (EV) segment, where Tesla’s overwhelming advantage has been quickly dwindling.
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2 weeks ago | 
scmp.com | Daniel Ren
Tesla’s bestselling Model Y faces yet another challenger on the mainland after Xiaomi unveiled the YU7 electric SUV amid much hoopla surrounding its launch over the past two months. The smartphone maker’s much-anticipated vehicle, featuring a preliminary self-driving system, large multimedia screen and high-performance battery, is seen as a game changer in the premium electric vehicle (EV) segment, where Tesla’s overwhelming advantage has been quickly dwindling.
