Yujie Xue

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.

1 week ago | scmp.com | Yujie Xue

Xiamen Hithium Energy Storage Technology, the world’s third-largest energy storage system (ESS) battery manufacturer, is ramping up production overseas in response to heightened US-China tensions and rising tariffs impacting Chinese exports. Hithium plans to start production at its Texas factory in the second half of this year and hire at least 200 staff locally, said Sun Minghuang, the director of strategic marketing, in an exclusive interview.

1 week ago | thestar.com.my | Yujie Xue

French carmaker Renault Group is using its Chinese development centre to design new models aimed at markets beyond Europe, a senior executive said, as the company seeks to cut production costs and accelerate development by applying insights from the mainland market. The company launched its Advanced China Development Centre (ACDC) in Shanghai last year, which employs around 200 people who are focused on developing electric vehicles (EVs) for the European market.

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.

1 week ago | scmp.com | Yujie Xue

French carmaker Renault Group is using its Chinese development centre to design new models aimed at markets beyond Europe, a senior executive said, as the company seeks to cut production costs and accelerate development by applying insights from the mainland market. The company launched its Advanced China Development Centre (ACDC) in Shanghai last year, which employs around 200 people who are focused on developing electric vehicles (EVs) for the European market.