The new facility to be built in Szeged, in southern Hungary, China's biggest carmaker by sales, said on Friday
US lawmakers discussed raising tariffs on Chinese EVs amid reports that Chinese carmakers plan to build factories in Mexico and export cheap vehicles across the border
Chinese car exporters are expected to suffer negative impacts as more shippers avoid the Red Sea and opt to sail around Africa to avoid attacks by pro-Palestine militants in Yemen
The deal, expected late this month, will take CYVN's shareholding to 20.1% of Nio's total shares, the carmaker said in a statement
A wave of Chinese EV makers are expanding in Europe amid slowing demand at home
The Japanese automaker is joining foreign brands like Tesla and BMW that are expanding their exports of China-made cars to exploit the country's lower manufacturing costs
France's revamped rules on EV subsidies include a new criteria for eligibility — the amount of carbon emitted in the making of cars, which is reportedly much higher in China
Some staff at German consultancy distanced themselves over an audit by the firm that found no forced labour at a Volkswagen joint venture in China's Xinjiang province
The move by Huawei comes as global automakers in China increasingly seek to partner with Chinese carmakers
Industry ministry said on Monday EVs should have a driving range of at least 200 kilometres per charge to be eligible for purchase tax exemption from 2024
Every facet of electric vehicles and EV batteries is being assessed by carmakers around the world keen to produce EVs that can compete with China's cheap EV models
China says the US Treasury's move to block tax credits for electric vehicles if they have batteries or other parts from China violates world trade policies