South Korea to raise concerns to US over potential curbs on chipmakers' China operations
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South China Morning Post
2 hours ago
- South China Morning Post
Chinese EVs are making inroads in Singapore, and here's why
Singaporean financial adviser Winnie Koh faced a dilemma when selecting her family's next car – she appreciated the value for money offered by Chinese electric vehicle ( EV ) brands, but still had lingering concerns about their quality. Advertisement But the 30-year-old said her experience driving a Tesla in the US raised doubts about the brand's battery life and durability, leading her to consider Chinese rival BYD , which was offering incentives such as a 20 per cent discount on charging for three years and support for Singapore 's notoriously expensive Certificate of entitlement ( COE ). 'It is Chinese technology, but that's never really been the problem; the technology out of China has always been good,' she told This Week in Asia, adding that her main concern was whether the manufacturers were cutting corners during production. Koh eventually settled on a BYD in January for S$164,888 (US$127,000), and said she has been pleasantly surprised by its performance and features, including keyless start, a 360-degree camera system and assisted driving. Her decision is emblematic of a broader trend on Singapore's roads, where Chinese electric cars are quickly gaining traction and, often surpassing traditional competitors from Japan Europe , and the US. Financial adviser Winnie Koh bought her BYD Atto 3 in January after being influenced by the vehicle's affordability and the charging promotions available. Photo: Winnie Koh
South China Morning Post
3 hours ago
- South China Morning Post
Chinese EVs are making inroads in Singapore, here's why
Singaporean financial adviser Winnie Koh faced a dilemma when selecting her family's next car – she appreciated the value for money offered by Chinese electric vehicle ( EV ) brands, but still had lingering concerns about their quality. But the 30-year-old said her experience driving a Tesla in the US raised doubts about the brand's battery life and durability, leading her to consider Chinese rival BYD , which was offering incentives such as a 20 per cent discount on charging for three years and support for Singapore 's notoriously expensive Certificate of entitlement ( COE ). 'It is Chinese technology, but that's never really been the problem; the technology out of China has always been good,' she told This Week in Asia, adding that her main concern was whether the manufacturers were cutting corners during production. Koh eventually settled on a BYD in January for S$164,888 (US$127,000), and said she has been pleasantly surprised by its performance and features, including keyless start, a 360-degree camera system and assisted driving. Her decision is emblematic of a broader trend on Singapore's roads, where Chinese electric cars are quickly gaining traction and, often surpassing traditional competitors from Japan Europe , and the US. Financial adviser Winnie Koh bought her BYD Atto 3 in January after being influenced by the vehicle's affordability and the charging promotions available. Photo: Winnie Koh
South China Morning Post
5 hours ago
- South China Morning Post
Apple's China sales rise with electronics consumer subsidy boost, but Huawei threat looms
Apple reported a sales boost in mainland China, Hong Kong and Taiwan in the June quarter, aided by Beijing's consumer subsidies, following a prolonged decline in the region amid intense competition and weak consumer spending. In the three months ended June 28, Apple's Greater China revenue grew nearly 4.4 per cent year on year, rising to US$15.37 billion from US$14.73 billion, according to the company's latest financial results released on Thursday. CEO Tim Cook attributed the quarterly growth, which followed years of declining sales , partly to the Chinese government's consumer subsidy scheme for electronic products. 'The government has placed certain subsidies that affect some of our products, not all of them, but there are some of them, and I think that had some effect,' Cook said during an earnings call. 'It was the first full quarter of the subsidies playing out.' Shoppers browse products at an Apple store in Beijing. Photo: EPA Sales of the MacBook Air, Mac Mini and MacBook Pro saw double-digit growth in China, with the MacBook Air emerging as the top-selling laptop in the country, according to Apple. Launched earlier this year, China's national subsidy programme aims to stimulate consumer spending by offering a 15 per cent subsidy on purchases of smartphones, tablets and smartwatches priced under 6,000 yuan (US$834).
