1. Tesla continues its skid in China as August sales and market share fall Tesla is gradually losing its appeal in China’s premium electric vehicle (EV) segment as its sales and market share fall. 2. China’s EV makers face uphill task to meet 2025 break-even target Chinese makers of smart EVs will have to redouble their efforts over the next few quarters to stay on track to break even as the brutal discount war in the world’s largest vehicle market shows few signs of abating. 3. Why Mexico’s big tariff hike on Chinese cars won’t cripple their competitiveness An assembly line is seen during a media tour in June at Chinese carmaker JAC Motors’ plant in Ciudad Sahagun, Mexico. Photo: Reuters Chinese carmakers will likely feel the sting of Mexico’s anticipated 50 per cent tariff on cars imported from Asia, but their competitive prices and global operations may offset some of the pain, according to analysts. 4. China aims to dominate the skies in the race to make flying cars the transport of the future AeroHT, an affiliate of Chinese EV maker Xpeng, is preparing to enter European airspace as it edges closer to mass production of its flying cars following more than 5,000 orders. 5. BYD ramps up showroom openings, targets full local production in Europe BYD, the world’s largest EV maker, is doubling down on its expansion in Europe, opening more showrooms and launching new models as its growth slows in China. 6. HKEX reforms have made city world’s top fundraising hub for EV makers: official Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. 7. Chinese off-road vehicle brand 212 eyes Europe, Middle East, Africa for growth A jeep from Chinese carmaker 212 Off-Road Vehicle. Photo: Handout Jeep maker 212 Off-Road Vehicle, a unit of Beijing Auto Works (BAW), has set its sights on overseas markets as it banks on the country’s automotive supply chain to design and assemble high-performance products.