Connect with us

Asia

China’s BYD extends olive branch to Tesla in EV market battle

Published

on

China’s leading electric vehicle (EV) manufacturer, BYD, has vowed to “work together” with rival Tesla to challenge gasoline-powered cars, while insisting that Beijing is “more open” to foreign business than the West perceives.

In an interview with the Financial Times, BYD’s Executive Vice President, Stella Li, stated, “Our common enemy is internal combustion engine cars. We need to work together to change the industry.”

Despite Li’s comments, the two automakers are competing to be the world’s largest EV group. BYD aims for rapid growth in advanced EV sales in Europe, offering a wider range of products than the US group. Tesla, meanwhile, has experienced a decline in European sales due to Elon Musk’s increasing political activism.

Speaking at a BYD showroom in London, Li said that despite rising trade tensions with Brussels and Washington, China is willing to share key technologies in EVs and autonomous driving with foreign companies.

“The Chinese government is more open, so maybe there are too many misperceptions here,” she said.

She added that the Chinese auto market is “the motherland of innovation,” urging foreign companies to come to China. “The government will support you and work with you to allow any technology to be realized,” she said.

Last month, BYD announced that advanced intelligent driving functions, via its “God’s Eye” autonomous driving system, would be available to customers on most of its models at no extra charge.

This announcement raised concerns across the industry about declining revenues for such driver-assistance technologies, with analysts predicting that the entire market will have to follow suit in the widespread adoption of intelligent driving functions.

The Warren Buffett-backed group is also making an aggressive push into European markets with plans for local production through factories in Hungary and Turkey, countering high tariffs imposed by the EU on imports of Chinese-made EVs. BYD is also planning to raise up to $5.2 billion through a share sale in Hong Kong to help fund its overseas expansion, according to a person familiar with the terms of the deal.

However, Brussels also wants Chinese companies to transfer intellectual property rights to European businesses in exchange for EU subsidies. Meanwhile, Beijing has signaled that it wants Chinese companies to limit some advanced overseas production in response to growing Western protectionism.

In recent years, China has gradually expanded its export controls, from restrictions on battery materials like rare earth elements to technologies and processes that convert refined rare earth elements into metals and permanent magnets used in EVs.

When asked about recent political developments in the EU regarding technology sharing, Li said she was not concerned about politics as it was “short-term” and consumers would ultimately choose the better product.

She noted that the Chinese government was helping with its overseas push and that all its innovations, including self-driving technology, would be available to global markets: “For every investment we make overseas, the [Chinese] government is very supportive [of us].”

Li said that BYD would offer European consumers options beyond EVs, such as the Seal U plug-in hybrid, as EV sales fall in leading European markets and hybrids are not subject to the EU’s anti-subsidy tariffs. It also plans to launch its Denza premium brand later this year.

According to Schmidt Automotive Research, BYD’s battery EV market share in Western Europe, including the UK, was 2% last year.

Li confirmed that BYD has no plans to introduce EVs in the US, where China imposed a 100% tariff on EV imports last year. On Thursday, US President Donald Trump announced additional tariffs on imports from China and confirmed that taxes would also be imposed on Mexico and Canada starting next week. Li said no decision had been made on BYD’s plans to build a factory in Mexico.

She stated that she was not concerned about a global slowdown in the transition to EVs as a result of Trump’s policies. Referring to the shift away from gasoline cars in China, she said: “Why do people now prefer EVs? Because it’s a better car, a smarter car… and of higher quality.”

Asia

India intel push on China risks dangerous miscalculation, study says

Published

on

A Chinese scholar has warned that Indian intelligence agencies increasingly treating China’s routine activities as threats raises the risk that New Delhi could miscalculate and adopt “unilateral countermeasures” against Beijing.

According to Zhao Ruoxi, a researcher at the Macau University of Science and Technology, India stepped up its intelligence-gathering operations following the deterioration of relations with neighbouring China in recent years.

Zhao made the assessment in an article analysing Indian intelligence operations targeting China across the 2020–2026 period. The study was published in the 31 July issue of the Chinese-language Journal of Intelligence, issued by the Shaanxi Information Institute of Science and Technology, and reported by the South China Morning Post.

According to Zhao, China’s political and economic presence in South Asia, its emphasis on emerging technologies, and its naval activities in the Indian Ocean have been monitored more closely by India since a 2020 border clash.

In that clash in the Galwan Valley, 20 Indian and four Chinese soldiers were killed, dragging relations between the two countries to one of their lowest points in history.

Zhao noted that India has expanded its intelligence collection tools in recent years, drawing on space-based reconnaissance systems, drone surveillance, and cyber intelligence to establish a multi-agency network targeting China.

According to the article, India has also cooperated with the US and Middle Eastern nations to enhance its capacity to track Chinese naval operations in distant waters and exert informational pressure along Beijing’s maritime energy supply routes.

However, Zhao described India’s heavy reliance on foreign-sourced data as a “structural weakness”, arguing that it leaves New Delhi’s assessments of China vulnerable to the strategic agendas of third parties.

Zhao observed that while relations between Beijing and New Delhi began to improve in late 2024, India’s expanded intelligence activities directed at China have persisted.

The two countries took steps to mend ties after reaching an agreement in 2024 on resuming border patrols. Direct flights resumed after a five-year hiatus, Beijing once again permitted Indian pilgrims to visit the Tibet Autonomous Region, and India resumed issuing visas to Chinese tourists.

Last year, in another sign of easing tensions, Indian Prime Minister Narendra Modi visited China for the first time in seven years. In his meeting with Modi in Tianjin, Chinese President Xi Jinping said border issues should not define bilateral relations.

Following the reopening of the Lipulekh Pass in June, which Beijing viewed as a goodwill gesture, the two countries also resumed cross-border trade in August through the Himalayan passes of Nathu La and Shipki La.

In the article, Zhao stated that India is expected to ramp up technical surveillance in border areas, which will compel China to bolster its information security.

Zhao also warned that New Delhi could “systematically disrupt” Beijing’s diplomatic engagements with its South Asian neighbours, particularly its efforts to build regional trust and advance projects under the Belt and Road Initiative.

According to Zhao, the expansion of India’s intelligence operations against China heightens the risk of miscalculation, as routine Chinese activities are increasingly perceived as threats.

“As a result, the likelihood of triggering unilateral countermeasures increases,” Zhao assessed.

Zhao said China must make its strategic messaging more effective and reinforce communication with South Asian states and Indian Ocean littoral nations to counter this pressure.

Continue Reading

Asia

China and Arab states launch 5-year anti-desertification plan

Published

on

China and Arab nations have launched a five-year action plan to combat drought, desertification, and land degradation. According to information provided by China’s National Forestry and Grassland Administration (NFGA) to the Global Times on Sunday, the plan will extend bilateral cooperation beyond traditional anti-desertification efforts to encompass technological innovation in areas including grassland conservation, watershed management, and wetland protection.

The plan was inaugurated during a meeting convened on the sidelines of the 17th session of the Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification, which is currently taking place in Ulaanbaatar, the capital of Mongolia.

According to an NFGA press release sent to the Global Times, China and Arab countries will, under the action plan, deepen practical cooperation over the next five years across key areas such as the restoration of desertified and degraded land, sand and dust storm monitoring and early warning systems, grassland management, biodiversity conservation, as well as wetland protection and restoration.

The two sides will also accelerate technological innovation and the practical application of research findings by establishing platforms to share technology, data, and research outcomes, conducting interdisciplinary studies, and developing technologies such as remote sensing and intelligent assessment of land degradation. The plan further envisages the establishment of demonstration bases to support the implementation of the UN Convention to Combat Desertification.

Under the plan, the sides also aim to strengthen China-Arab cooperation networks in combating desertification, enhance mechanisms for sharing policies, technologies, and research findings, and expand partnerships within the framework of China’s proposed Belt and Road Initiative. The participation of governments, research institutions, enterprises, social organisations, and local communities will be encouraged throughout the process.

Cooperation in capacity building will also be expanded through exchange programmes for young professionals, joint research, field demonstrations, and technical training sessions.

The meeting was jointly organised by China’s National Forestry and Grassland Administration and the General Secretariat of the Arab League, while the Chinese Academy of Forestry and the China-Arab International Research Centre for Drought, Desertification and Land Degradation undertook the event’s organisation.

Cui Lijuan, vice president of the Chinese Academy of Forestry, stated that several initiatives have already begun to materialise. For example, China and Egypt are exploring the possibility of conducting a comparative study examining the Yellow River and Nile River basins to share expertise in ecological conservation and integrated watershed management.

According to Cui, the initiative in question has secured the backing of the Chinese Academy of Forestry and attracted interest from international non-governmental organisations.

Future cooperation between China and Arab countries will also focus on desertification monitoring and early warning systems, ecological technologies, as well as exchange and training programmes for young specialists.

Cui noted that the two sides also aim to broaden participation by integrating businesses, social organisations, and international institutions into the cooperation framework, which is currently led primarily by state bodies.

According to Xinhua, the China-Arab International Research Centre for Drought, Desertification and Land Degradation was inaugurated in 2023 during an international forum on combating desertification. The establishment of the centre was viewed as a demonstration of China’s commitment to sharing the expertise gained from its anti-desertification efforts in the Kubuqi Desert.

According to the NFGA, the centre has steadily strengthened regular cooperation mechanisms between China and Arab countries over the past three years. While the two sides have jointly developed Earth observation systems and intelligent decision-support tools for land degradation, China has compiled 30 practical anti-desertification technologies across six categories suitable for application in Arab countries.

The centre has also established regular communication and exchange channels with several countries, including Saudi Arabia and Egypt. In addition, it has set up an initial China-Arab anti-desertification network and expert pool to support sustainable technical cooperation and professional training in Arab nations.

Continue Reading

Asia

China outpaces India in race for Russian crude oil supplies

Published

on

China has accelerated its crude oil purchases from Russia to replace oil shipments originating from the Middle East.

According to a Reuters report based on data from energy analytics firm Kpler, China is outpacing India in the Russian oil market.

India’s crude imports from Russia’s European ports fell by approximately 30% in August.

Beijing’s increased purchases could curb India’s exports of refined petroleum products and consequently trigger a diesel and gasoline shortage across Asia.

While China previously favoured ESPO blend crude shipped from Russia’s Asian ports, the share of its purchases from Russia’s European ports, consisting primarily of the Urals grade, has climbed to 31%.

Russian crude imports by India, the world’s third-largest oil importer, dropped to 1.87 million barrels per day in August. This volume remained well below the 2.79 million barrels per day recorded in July.

Under this scenario, which poses a risk to the Asian region, India stands as the region’s largest exporter of diesel and gasoline.

However, the country’s total crude imports in August were recorded at 4.17 million barrels per day. This figure marked the lowest level since the outbreak of conflict in the Middle East.

If the tightening raw material supply prevents Indian refineries from maintaining processing throughput, a severe deficit in refined products could emerge across the Asian market starting in September.

The Times of India previously reported that India’s Russian crude imports reached their highest share since 2022 in July.

During that period, Russia supplied more than half of India’s total crude imports of just over 5 million barrels per day, delivering 2.8 million barrels per day.

At the end of July, the Russian government extended its temporary export ban on gasoline, diesel, and other fuel types until 31 January 2027.

Under the restrictions that took effect on 1 August, direct exports of diesel, marine fuel, and gas oils by refiners will be exempted starting 1 September.

Bloomberg reported in June that Russian Urals crude was being sold in India at a $3.90 discount per barrel against international benchmarks after a hiatus of more than two months.

Urals crude traded at a discount again on 29 May for the first time since mid-March.

According to The Times of India, however, this discount on Russian Urals crude had almost entirely evaporated by early August.

Continue Reading

MOST READ

Turkey