65 m. ago Chinese EV maker Zeekr plugs in to hybrids to tap into soaring sales

Zeekr, a premium electric vehicle (EV) unit of Geely Auto, has jumped on the hybrid technology bandwagon to widen its customer base amid rising competition in the world’s largest automotive market. The Hangzhou-based company has become the latest mainland Chinese EV assembler to launch plug-in hybrids, leaving Shanghai-headquartered Nio as the only domestic company making pure EVs. US carmaker Tesla, which produces cars on the mainland, is another maker of pure EVs. “Nearly all Chinese carmakers...

Politics

3 h. ago Hong Kong introduces bill to expand scope for punishing lawmakers’ misconduct

Hong Kong authorities have introduced a bill to the legislature that will pave the way for establishing an expanded mechanism under which lawmakers could face suspension and pay cuts for misconduct. The Legislative Council (Powers and Privileges) (Amendment) Bill was tabled by Chief Secretary Eric Chan Kwok-ki for its first reading on Wednesday. The bill aims to expand the scope of financial penalties to cover situations in which lawmakers were suspended for violating the proposed Codes for...

Politics

5 h. ago Heavy rain, thunderstorms to hit Hong Kong on Thursday and Friday: Observatory

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The Hong Kong Observatory has warned that the city will be hit by torrential rain and squally thunderstorms on Thursday and Friday as tropical cyclone Danas gradually enters Guangdong. The forecaster also said on Wednesday that it might issue a Strong Monsoon Signal, depending on local changes...

Events

5 h. ago Heavy rain and thunderstorms expected in Hong Kong on Thursday and Friday

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The Hong Kong Observatory has warned that the city will be hit by torrential rain and squally thunderstorms on Thursday and Friday as Tropical Depression Danas gradually reaches Guangdong province. The forecaster also said on Wednesday it might issue a strong monsoon signal, depending on local...

Events

5 h. ago BYD and Geely bank on big discounts, Xpeng’s ‘super AI’ SUV : 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. BYD, Geely bank on big discounts to set record car sales, dent smaller rivals China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on...

Politics

6 h. ago BYD makes safety pledge for cars with proprietary assisted driving in China

BYD makes safety pledge for cars with proprietary assisted driving in China  Reuters

Transport

24 h. ago Tesla (TSLA) sales decline in China despite Model Y refresh and record discounts

Tesla (TSLA) sales decline in China despite Model Y refresh and record discounts  Electrek

Politics

27 h. ago ByteDance denies accepting Oracle deal ahead of deadline for TikTok sale

TikTok owner ByteDance has denied a recent report that it agreed to sell its US operations to a consortium led by Oracle, according to multiple Chinese media. On Monday, Chinese media GeekPark published an article saying that the Beijing-based social media giant had given the nod for a sale to a group led by Oracle, in which it would maintain a minority stake. The article has since been removed. Meanwhile, the company is reportedly working on new versions of the popular short video app, as well...

Economics

31 h. ago Opinion | This Is BYD, the Chinese Car That’s Taking Over the World

Opinion | This Is BYD, the Chinese Car That’s Taking Over the World  The New York Times

Politics

32 h. ago China EV registrations in week 27: Nio 2,500, Xiaomi 4,890, Tesla 5,010, BYD 55,570

China EV registrations in week 27: Nio 2,500, Xiaomi 4,890, Tesla 5,010, BYD 55,570  CarNewsChina.com

Politics

32 h. ago Thai PM’s suspension reignites debate, Malaysia’s new tax: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Malaysia’s new ‘luxury’ taxes hit the middle class where it hurts 2. PM’s suspension reignites debate on ‘judicial activism’ of Thailand’s courts 3. Philippines’ Duterte ends womanising era, leaving ‘13 to 27’ lovers behind 4. Chinese ambassador’s ‘grandstanding’...

Economics

32 h. ago Australia gets ‘unsolicited advice’; Indonesian mine concern: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Malaysia’s new ‘luxury’ taxes hit the middle class where it hurts 2. PM’s suspension reignites debate on ‘judicial activism’ of Thailand’s courts 3. Philippines’ Duterte ends womanising era, leaving ‘13 to 27’ lovers behind 4. Chinese ambassador’s ‘grandstanding’...

Politics

33 h. ago Beijing Hyundai Elexio SUV interior revealed, set for Q3 launch

Beijing Hyundai Elexio SUV interior revealed, set for Q3 launch  CarNewsChina.com

Politics

34 h. ago Hong Kong is vital link to world, where China anchors its trust, John Lee says

Hong Kong is a vital link that the world can rely on for security and development under the shifting geopolitical landscape as it connects the globe with China’s growth certainty and investible stability, the city leader has said. “Hong Kong is the ‘superconnector’ and ‘super value-adder’ that links the world with opportunities from China’s growth certainties. A link you can always bank on,” Chief Executive John Lee Ka-chiu said in a keynote speech at the South China Morning Post’s China...

Politics

34 h. ago Hong Kong vital link to world, where China anchors its trust, John Lee says

Hong Kong is a vital link that the world can rely on for security and development under the shifting geopolitical landscape as it connects the globe with China’s growth certainty and investible stability, the city leader has said. “Hong Kong is the ‘superconnector’ and ‘super value-adder’ that links the world with opportunities from China’s growth certainties. A link you can always bank on,” Chief Executive John Lee Ka-chiu said in a keynote speech at the South China Morning Post’s China...

Politics

34 h. ago Hong Kong is vital link to world, where China anchors its trust: John Lee

Hong Kong is a vital link that the world can rely on for security and development amid a shifting geopolitical landscape, as it connects the globe with China’s growth certainty and investible stability, the city’s leader has said. “Hong Kong is the ‘superconnector’ and ‘super value-adder’ that links the world with opportunities from China’s growth certainties. A link you can always bank on,” Chief Executive John Lee Ka-chiu said in a keynote speech at the South China Morning Post’s China...

Politics

35 h. ago Chinese power bank maker suspends production after recall, aviation ban

One of China’s biggest portable power bank makers has suspended production for at least six months and closed its stores on major Chinese e-commerce platforms after a massive recall of its products and the decision by the country’s civil aviation authority to ban unlicensed power banks on flights. Shenzhen-based Romoss Technology, which sells its products in dozens of countries around the world, notified its employees that the company would suspend operations for six months starting on Monday,...

Economics

36 h. ago Can Xiaomi disrupt the home appliance market like it did with EVs?

When Chinese smartphone maker Xiaomi launched its first electric vehicle (EV) in March 2024, few believed it could rival industry leaders like Tesla, BYD, Xpeng and Li Auto. After a surprisingly strong debut and with the company’s EV segment poised to break even this year, however, the Beijing-based firm is now embarking on an ambitious push into another sector to challenge established competitors: the home appliances market. Partly fuelled by Beijing’s aggressive subsidies to boost consumption,...

Politics

37 h. ago HSBC, Manulife, BOC Life expand offerings for Hong Kong retirees

HSBC, Manulife and BOC Life are among the financial firms courting retirees with new investment products that offer regular income streams amid a broader government-led initiative to capture opportunities in the so-called silver economy. The city’s biggest lender, HSBC, last week launched five retirement-solution funds, which offer a non-guaranteed target dividend payout rate of 6 per cent a year. More retirement-focused funds would be added to the suite in the second half of 2025, the bank...

Politics

51 h. ago Exclusive: China's central bank asks financial institutions about dollar weakness, sources say

Exclusive: China's central bank asks financial institutions about dollar weakness, sources say  Reuters

Economics