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In February, China's power battery installations reached 34.9 GWh, marking a 94.1% year-on-year increase but a 10.1% decline from January. CATL led with a 44.45% market share, while BYD's share grew to 23.62% due to a 163.95% rise in NEV sales. LFP batteries dominated the market, accounting for 81.5% of total installations.
The inaugural episode of the 60/40 Podcast from Tech in Asia features co-hosts Prashanth Ranganathan, Peter Bithos, and Maria Li, along with special guest Raghav Kapoor, CEO of Smartkarma. They discuss key topics including the implications of Trump’s tariffs in China, TSMC's expansion into the US, and the return of Jack Ma to China's tech scene, while also examining market trends in India and developments in Singapore’s SGX. Feedback and topic suggestions can be sent to 6040podcast@techinasia.com.
The inaugural episode of the 60/40 Podcast from Tech in Asia features co-hosts Prashanth Ranganathan, Peter Bithos, and Maria Li, alongside special guest Raghav Kapoor, CEO of Smartkarma. They delve into key topics such as the implications of Trump’s tariffs in China, TSMC's expansion in the US, and the resurgence of Jack Ma in China's tech landscape. The podcast aims to provide insights into the intersection of geopolitics and business in Asia.
China's new energy vehicle (NEV) sales reached 892,000 units in February, marking a 5.5% decline from January but a significant 87.1% increase year-on-year. Battery electric vehicles (BEVs) sold 544,000 units, while plug-in hybrid electric vehicles (PHEVs) totaled 348,000 units, both showing year-on-year growth despite monthly decreases. NEV penetration rose to 41.9%, up from 30.1% a year earlier.
China's new energy vehicle (NEV) sales reached 892,000 units in February, marking a 5.5% decline from January but a significant 87.1% increase year-on-year. Battery electric vehicle (BEV) sales totaled 544,000 units, while plug-in hybrid electric vehicle (PHEV) sales were 348,000 units, both showing year-on-year growth but lower than January figures. NEV penetration rose to 41.9%, up from 30.1% a year earlier.
FlyOro, based in Singapore, is collaborating with airports to implement modular sustainable aviation fuel (SAF) blending systems, enabling producers to offer both standard and customized SAF without disrupting existing operations. Despite its potential to reduce emissions, SAF faces challenges such as high costs—2x to 4x more than conventional jet fuel—and varying regulatory support across regions, with Singapore's SAF mandate not taking effect until 2026. Startups in this sector are focusing on efficient scaling and proving SAF's viability in a traditionally slow-moving industry.
Alibaba.com anticipates that all sellers will utilize its AI tools by 2025, with over half of its 200,000 merchants already engaging with these technologies weekly for various business functions. This initiative is part of a broader strategy to enhance cross-border ecommerce, supported by a planned investment of 380 billion yuan (US$52.3 billion) over three years to bolster its cloud computing and AI infrastructure.
Alibaba.com anticipates that all sellers will utilize its AI tools by 2025, with over half of its 200,000 merchants already engaging with these technologies weekly for various business functions. This initiative is part of a broader strategy to enhance cross-border ecommerce, supported by a planned investment of 380 billion yuan (US$52.3 billion) over three years to bolster its cloud computing and AI infrastructure.
Xpeng Inc. shares surged 7.1% on March 10 after the company announced plans to mass-produce flying cars and industrial robots by 2026, reaching their highest level since August 2022. Year-to-date, the stock has nearly doubled, outperforming a global EV index. Analysts credit the rise to strong sales of new EV models and heightened investor interest in tech amid Hong Kong's AI-driven rally, though financial impacts from the new projects may take time to materialize.
ACWA Power has inaugurated its first overseas Innovation Center in Shanghai, focusing on research in renewables, energy storage, and desalination. The $2.8 million facility aims to enhance collaboration and technological advancement in China's green energy sector, supporting the company's goal to invest up to $30 billion in the country by 2030. Partnerships with Gulf Renewables Laboratory and Shanghai Jiao Tong University will bolster the center's capabilities, fostering innovation and sustainable solutions.
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China's EV battery market sees BYD growth amid CATL decline in February
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11:25 11.03.2025
insights on asia's economy and tech trends in the 60/40 podcast
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10:39 11.03.2025
insights on asia's economy and tech landscape in the 60/40 podcast
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10:39 11.03.2025
China's NEV sales decline in February despite year-on-year growth
08:10 11.03.2025
China's NEV sales decline in February despite year-on-year growth
08:10 11.03.2025
sustainable aviation fuel adoption faces challenges in cost and regulation
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Alibaba.com aims for all sellers to adopt AI by 2025
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Alibaba.com aims for all sellers to adopt AI by 2025
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Xpeng stock rises on plans for flying cars and robots by 2026
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ACWA Power opens first international innovation center in Shanghai for renewable energy
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