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Climate change
Renewable energy
China’s carbon neutral goal
Sustainability
Demand for AI chips boomed as ChatGPT started an evolution in AI services and sparked a rise of Chinese rivals. Photo: AFP
Business of climate change

Emissions from AI chip manufacturing rose fourfold in 2024, Greenpeace says

There are many opportunities to invest directly in wind and solar energy, yet global chipmakers have failed to do so on a meaningful scale, Greenpeace says.

Commodities

Oil plunges as trade, oversupply risks increase and Saudis slash prices

Business of climate change

Beijing crackdown on solar industry ‘too little, too late’: US advisory firm

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Electric & new energy vehicles

Xpeng CEO says flying car market will be bigger than EVs over next 2 decades

CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.

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Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Electric & new energy vehicles

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

Hong Kong stock market

China’s narrower tech gap with US creates investment opportunities: fund managers

CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.

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China energy security

China weeds out bad behaviour in quest to harvest farmers’ untapped solar power

The country’s energy regulator called for the ‘healthy and orderly’ growth of small-scale, distributed solar power and dissuaded monopolies.

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Small-scale solar energy installations, like those on households or other buildings, often generate more power than their users need. Photo: AP
Small-scale solar energy installations, like those on households or other buildings, often generate more power than their users need. Photo: AP
US-China trade war

‘Increasing US costs’: how Trump’s policies on Chinese solar risk backfiring

US trade and investment barriers will not halt Chinese solar industry’s rapid global expansion – but may put American manufacturing projects at risk.

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Electric & new energy vehicles

Xpeng sets up first self-branded EV supercharging station in Hong Kong

Fierce competition among auto manufacturers is extending to charging technologies.

Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

From left, Edmund Yeung Lui-ming, Towngas executive director and chief financial officer; Peter Wong Wai-yee, managing director; and Alan Chan Ying-lung, executive director and chief investment officer. Photo: Towngas
Banking & finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

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Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Electric & new energy vehicles

BYD shares surge on unveiling of ‘fast as gas’ charging tech

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

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Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

Electric & new energy vehicles

1.2 million EVs were sold worldwide last month, mostly in China

About three-quarters of the 1.2 million EVs and hybrids sold worldwide in February were delivered in China, according to Rho Motion.

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New vehicles awaiting transportation by a so-called ro-ro (roll on/roll off) ship in Yantai in eastern China’s Shandong province on August 6, 2024. Phot: Chinatopix via AP.
Electric & new energy vehicles

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

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Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Electric & new energy vehicles

Xpeng to test autonomous driving software in Hong Kong to support go-global push

He Xiaopeng says tests of company’s Xpeng Navigation Guided Pilot would be conducted in Hong Kong soon.

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Electric & new energy vehicles

Geely to make its AI-powered pilot system available across all brands

Geely says AI-powered pilot system would be added to all of its brands, including Galaxy, Zeekr and Lynk.

The Geely logo at a dealership in Moscow. Photo: Reuters
The Geely logo at a dealership in Moscow. Photo: Reuters
Electric & new energy vehicles

Xiaomi’s ‘Ultra’ luxury EV hits China market at US$73,000

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

Business of climate change

China must slash steel capacity in next 5 years to meet green goals

China coal-based blast furnace (BF) capacity must fall by at least 200 million tonnes per annum (Mtpa) by 2025, said the Centre for Research on Energy and Clean Air.

Mandatory Provident Fund (MPF)

Hong Kong raises ESG disclosure standards for MPF managers

The 12 fund managers have up to end-September to ensure their ESG disclosures match the new requirements.

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The MPF scheme regulator is raising the bar on sustainability disclosures. Photo: Jelly Tse
Business of climate change

Overcapacity, trade curbs eat into China’s cleantech dominance: S&P Global

China’s share of solar-module and battery manufacturing to drop by up to 19 percentage points by 2030, rating company says.

An employee inspects a solar panel at a workshop of a photovoltaic enterprise on December 25, 2024 in Lianyungang in China’s Jiangsu province. Photo: VCG via Getty Images
An employee inspects a solar panel at a workshop of a photovoltaic enterprise on December 25, 2024 in Lianyungang in China’s Jiangsu province. Photo: VCG via Getty Images
China energy security

China is betting big on energy storage as AI drives surge in power demand

Beijing plans to boost research into a slew of next-generation battery technologies as it strives to make its renewables sector more efficient.

Electric & new energy vehicles

CATL eyes global dominance in EV battery market with US$5 billion cash reload

Overseas business made up 31 per cent of CATL’s total sales in the first nine months of 2024, versus 32.7 per cent in 2023, according to exchange filings.

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IPO

Hong Kong IPO: EV battery king CATL files plan to pursue global expansion

At US$5 billion, the speculated jumbo deal by the world’s largest EV battery maker would be the biggest since Kuaishou’s IPO in January 2021.

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A CATL sign seen outside the company’s research and development hub in Ningde, Fujian province. Photo: Reuters
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech Trends

Alibaba founder Jack Ma calls for responsible AI in remarks to cloud unit

The Alibaba logo is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Photo: AFP

Big Tech

Alibaba’s Quark surpasses ByteDance’s Doubao as China’s top AI app

A Quark advertisement at the airport in Nanning, China. Photo: Simon Song

China Business

Trump’s tariffs: will Chinese pharmaceutical industry feel the pain?

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Employees of Jiangxi Banbiantian Pharmaceutical pack medicines at the company’s plant in Jiangxi province. Photo: VCG via Getty Images

Tech War

China amends ‘place of origin’ in boost to local semiconductor manufacturers

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Chips have become a focal point of the US-China tech war. Photo: Reuters

Big Tech

China’s SenseTime bets on new AI training method to stand out

SenseTime CEO Xu Li speaks at the launch event of the SenseNova V6 models in Shanghai on Thursday. Photo: Handout
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