Volkswagen tests China’s appetite for locally developed EVs
The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners
German automotive giant Volkswagen will launch three new electric vehicle (EV) models in mainland China over the next two weeks, developed using technology from Chinese firms.
The move comes at a time when international marques are struggling on the mainland amid fierce competition in the world’s largest car market.
As the largest foreign carmaker in China, Volkswagen previously said that it would integrate Germany’s high manufacturing standards with technology developed by Chinese firms.
China’s solar giant Sungrow revives Hong Kong IPO plan amid rising demand for clean energy
Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline
The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday.
The company’s PV inverter shipments had held the top global position for a decade, with a market share of more than 25 per cent in 2024, while its cumulative energy storage system shipments exceeded 93 gigawatt-hours as of end-2025, according to the filing.
“As a global leader in clean power conversion technology, we are not only well positioned to benefit from the market expansion driven by the energy transition, but are also set to play a critical role in the development of each key segment – generation, grid, load and storage – within next-generation power systems,” Sungrow said in the filing. “We are well poised to seize unprecedented growth opportunities.”
It added that the artificial intelligence-driven wave of data centre construction was boosting demand for power systems, creating new growth opportunities.
The company, meanwhile, was expanding its global operations, with overseas markets contributing more than 60 per cent of total revenue in 2025, up significantly from previous years, as it expanded into more than 100 countries and regions, the filing showed.
However, it still faces risks including intensifying global competition, evolving technology cycles and geopolitical uncertainties such as tariffs and export controls.
