Daniel Ren
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and marketsLanguages Spoken:
English, Mandarin
Sales of new units in cities like Shanghai and Shenzhen have risen following central government moves designed to revive buyer confidence.
The supplier audits come as Elon Musk’s firm aims to quickly ramp up production of its Optimus humanoid robot after its release later this year.
Today’s Chinese guests expect hotels to offer cultural experiences, personalised touches and a pet-friendly environment, Hang Lung director says.
‘Dozens of new projects in the pipeline sparked policymakers’ fears about redundancies,’ analyst says.
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With more consumers switching to electric vehicles, companies including VW and Toyota are slashing prices on lower-tech offerings.
China’s electric vehicle adoption rate has hit yet another record high, as rising fuel prices accelerate the pivot away from petrol cars.
Hong Kong remains a top IPO destination for Chinese tech start-ups seeking to connect with global investors, Bonnie Chan Yiting says.
The discounts underscore Tesla’s sliding output and fading demand, as analysts warn of intensifying EV price battles.
Robotics has supply chain synergy with smart EV production because key components like cameras and radar, as well as software, are in both.
While the company stresses the tour does not signal the vehicle will be sold in China, some observers believe it could still bolster the brand’s position.
Chairman says it plans to invest US$1.49 billion in the new battery technology over the next two years.
China’s leading EV makers saw sales surge in August, with BYD up 17.8 per cent from last year and Leapmotor up 80.7 per cent.
New rules signal push for sustainable expansion as Chinese EV makers pursue long-term gains and influence in global markets.
The former president of the European Council says the two sides are approaching a common ground.
Vice-minister says that to ensure safety, new technologies that fail to pass stricter approval procedures will be barred from market.
The Chinese EV giant beat market estimates in the second quarter, as booming exports helped offset a prolonged decline in the domestic market.
Lawmakers are set to establish clear liability standards for self-driving cars, a move that could open the floodgates for next-gen vehicles.
Backers including Alibaba, Tencent and IDG put up a combined US$600 million while Xpeng itself pledges US$200 million.
Chinese EV leaders are pushing into full-hybrid tech to challenge industry titans on mainland and abroad.
Smart vehicle makers scramble for key parts PCBs and MLCCs as AI demand soaks up supply, leaving margins under siege.
Xiaomi, a domestic rival to Tesla, is also recalling 400,000 vehicles, as China moves to ban retractable door handles over safety concerns.
World’s largest maker of lidar sensors signals ambitions beyond the supply chain, repositioning itself as a top tech firm.
Europe embraces self-driving technology, opening up further opportunities for Chinese companies to expand overseas fleet, says Pony AI CEO.
China’s second-largest carmaker names new chairman and CEO in planned succession, as profit drops despite record revenue and export surge.
Recent US ban on new robots is unlikely to prevent robotics becoming China’s next export engine after electric vehicles.
Data from a real estate consultancy shows 38 per cent rise in sales of homes priced between 30 million and 50 million yuan in first half.
China’s carmakers are competing to turn their vehicles into digital entertainment hubs, offering everything from film projectors to VR features.
A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.
World’s top EV battery maker says aviation pack is ready for mass production after clearing a major safety test.
