Chinese EV makers’ ‘do-or-die’ moment, Hyundai’s US$500 million investment: 7 EV reads

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1. Unprofitable Chinese EV makers face ‘do-or-die moment’

Unprofitable Chinese electric vehicle (EV) makers, ravaged by a discount war at home and higher tariffs abroad, are stepping up cost-cutting measures and new model launches as they strive to survive in the cutthroat market.

2. Malaysia eyes Southeast Asia’s EV hub with Hyundai’s US$500 million investment

Malaysia has set its sights on becoming Southeast Asia’s hub for EV production, Prime Minister Anwar Ibrahim said as he welcomed a US$500 million investment by South Korean car giant Hyundai Motor to build a second assembly plant in the region.

3. Foreign carmakers are at risk of losing up to US$20 billion a year in China: UBS

Foreign carmakers are at risk of losing up to US$20 billion in profit annually in China, amid intensified competition with domestic producers and a market shift toward electric cars and smarter vehicles, UBS Investment Bank says.

4. China’s EV production moves into fast lane as output hits 10 million