China’s electric cars and Iran war, BYD’s profit run ends: 7 EV reads

Large numbers of cars are lined up ready for export at a port in eastern China’s Jiangsu province.

China recently overtook Japan as the world’s largest car exporter.

Photo: Xinhua We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed.

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Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year.

Three Chinese electric vehicle (EV) makers have raised prices for some models in response to rising supply chain costs, but analysts say the increases are unlikely to be sustained given weakening domestic demand.

The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier.

Photo: Reuters China’s electric vehicle (EV) king BYD posted its first annual profit drop in four years as it faced intensifying competition from domestic rivals in a cutthroat market.

Chinese self-driving technology firm Pony AI plans to launch robotaxi services with partners Uber Technologies and Verne in Zagreb, Croatia, spearheading commercialisation of autonomous cabs in Europe amid an accelerated go-global drive.

Founder and CEO Lei Jun on Thursday announced the new-generation SU7 electric vehicle (EV).

Photo: Weibo Xiaomi’s updated SU7 electric vehicle (EV) is expected to bite into the market share of Tesla and some domestic rivals in China, as demand weakens and regulators tighten oversight.

Volkswagen will withdraw its mass-market car brand Skoda from mainland China after years of lacklustre sales, as international marques continue to lose their appeal in the world’s largest automotive market.

Carmakers have been urged to strictly honour their 60-day payment cycle commitment to suppliers.

Photo: EPA Chinese authorities have renewed their push for stricter oversight of the electric vehicle (EV) market, urging carmakers to move away from aggressive discounting and focus instead on technological innovation.

原文链接: 南华早报