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Climate and energy

The Beijing skyline at sunset on October 13. Photo: AFP
China energy security

Beijing city officials to boost hydrogen cars as China targets future industry

The municipality aims to expand the use of the vehicles across long-haul freight, urban delivery and passenger transport.

CATL

As battery wars intensify, China’s CATL seeks growth beyond its core business

Hong Kong

CATL, Gotion to gain as oil prices drive energy-storage demand

Electric & new energy vehicles

BYD to build new factories in Europe to beat trade barriers aimed at Chinese EVs

The world’s largest EV maker said it would not let EU tariff hikes and quotas on hybrid imports from China impact customers’ vehicle choices.

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BYD vice president Liu Xuelian at Rosewood Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
BYD vice president Liu Xuelian at Rosewood Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
HKEX

HKEX completes pilot green trading schemes with mainland China exchanges

Hong Kong Exchanges and Clearing’s Core Climate platform allows 15 firms to buy Green Electricity Certificates via Guangzhou Power Exchange.

Artificial intelligence

AI | China’s AI compute ambitions demand innovation

Expanding China’s intelligent computing capacity fourfold in four years will require advances in power-grid management, domestic chips and software.

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Electric & new energy vehicles

VW, Gotion deepen ties with US$3.7b commitment to EV battery production

Gotion will invest about €1.6 billion to build three manufacturing facilities in Spain, Slovakia and Morocco, with VW putting in a similar amount.

VW plans to reduce its Gotion holdings to 19 per cent by selling 96 million shares to an investment firm controlled by the Hefei government. Photo: AP
VW plans to reduce its Gotion holdings to 19 per cent by selling 96 million shares to an investment firm controlled by the Hefei government. Photo: AP
Electric & new energy vehicles

China’s Nio and Geely deepen commitment to EV battery swapping tech

Deal that values Nio’s swapping subsidiary at US$2.4 billion clears way for the companies to develop unified standards.

ESG investing

Hong Kong tycoon-backed firm challenges energy-storage giants with new battery

Co-founded by Peter Lee’s family office, EnerVenue has opened a facility in mainland China to scale its nickel-hydrogen batteries.

Electric & new energy vehicles

China’s EV and battery makers tussle over lithium-ion tax: sources

Squeezed EV makers object to eating the cost, and negotiations on splitting the tax continue weeks after its official resumption, sources say.

People view CATL battery modules during the 2026 Beijing International Automotive Exhibition, in Beijing on April 24, 2026. Photo: VCG via Getty Images
China exports

China has scrapped two-thirds of its planned coal power plants abroad: report

The cutbacks have saved 6.4 billion tonnes of potential carbon emissions, though campaign’s momentum slowed last year, report finds.

Women sit on a hill overlooking a coal power plant in Indonesia. The country is a hotspot for Chinese energy investment. Photo: AP
Women sit on a hill overlooking a coal power plant in Indonesia. The country is a hotspot for Chinese energy investment. Photo: AP
Electric & new energy vehicles

Chinese EV battery giant CATL starts trial production in Hungary

Analyst says development could see it secure massive orders from global marques such as BMW and Volkswagen.

CATL

Despite stock stress, CATL set to retain EV battery dominance in China: analysts

CATL’s tech edge and brand safeguard its EV battery lead, though carmakers are seeking alternative suppliers.

Business of climate change

Exclusive | Beijing freezes plant approvals for energy-storage batteries

‘Dozens of new projects in the pipeline sparked policymakers’ fears about redundancies,’ analyst says.

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Battery-based energy-storage systems cache power created by renewable energy installations. Photo: Shutterstock
Business of climate change

‘Misunderstandings’ arise: Chinese energy firms call for stable rules overseas

Sungrow, EVE Energy say bans, probes and shifting rules abroad expose the fragility of their long-term energy investments.

Energy security concerns have boosted the importance of energy transition to reduce the reliance on imported fuels, according to a BloombergNEF event. Photo: AFP
Energy security concerns have boosted the importance of energy transition to reduce the reliance on imported fuels, according to a BloombergNEF event. Photo: AFP
Banking & finance

Chinese firms’ green-tech expansion hinges on Hong Kong: bankers

Offshore yuan liquidity makes city a ‘superconnector’, but finding projects with strong returns is now the challenge, senior bankers say.

Electric & new energy vehicles

Why are EV battery makers’ profits nearly double that of industry’s carmakers?

Leading electric vehicle battery makers’ profits by far outpace the industry’s carmakers in first half.

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Banking & finance

Transition boost: new platform funds emerging-market clean energy upgrades

World may need up to US$20 trillion over five to eight years to build or upgrade renewable energy facilities, HSBC executive says.

A solar thermal and photovoltaic project in in northwestern China's Gansu province. Photo: Getty Images
A solar thermal and photovoltaic project in in northwestern China's Gansu province. Photo: Getty Images
Business of climate change

Green lift: Hong Kong widens finance taxonomy to spur transition capital

As Green Week kicks off, the HKMA expands its finance taxonomy to channel capital into projects that build climate resilience.

PetroChina

PetroChina’s first-half profit jumps 22% despite Iran war oil supply crunch

As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.

Electric & new energy vehicles

Chinese battery giant CATL spreads investments in search of new growth drivers

World’s largest producer of lithium-ion batteries for EVs and energy storage systems has committed over 17 billion yuan to non-battery deals.

A CATL advertisement in Shanghai last month following the launch of an ultra-fast EV battery. Photo: NurPhoto via Getty Images
China energy security

China’s CNOOC rakes in record first-half profit on high oil prices amid Iran war

China’s largest offshore oil and gas producer saw net profits jump over 23 per cent in the first half amid turbulence in the Middle East.

A man uses his mobile phone as he walks past the booth for the China National Offshore Oil Corporation at an expo in Beijing. Photo: Reuters
A man uses his mobile phone as he walks past the booth for the China National Offshore Oil Corporation at an expo in Beijing. Photo: Reuters
Banking & finance

Asia’s super-rich are ‘going all in’ on sustainability as impact investing grows

Asian family offices putting more funds into sustainability projects – and adopting ‘systems-level’ approach to make greater impact, survey finds.

China energy security

China sends airborne wind turbine up 4,000m to generate power

The craft, developed by a Chinese start-up, uses winds at high altitude to produce electricity.

CATL

CATL debuts e-commerce hub for direct sales to small buyers as rivalry sharpens

The platform allows for direct online sales to smaller energy storage buyers.

People visit the booth of battery giant CATL during the China International Supply Chain Expo in Beijing on July 16, 2025. Photo: Reuters
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