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

The International Energy Agency expects world oil consumption to hit its peak in 2030 at 103 million barrels per day – a decade faster than initially predicted

Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

Huawei has said the new unit will engage in R&D, production, sales and service of intelligent automotive systems and component solutions

Spot lithium prices in the world's top producer of the battery metal were effectively down close to 80% year-on-year

A mass market EV known as the 'Model 2' is tipped to be one of the first Teslas that will go on sale in coming years; meanwhile the carmaker won a court base in China over a supposed brake failure

A unit of Beijing-based automaker BAIC has proposed to make two versions of Xiaomi's first-ever electric vehicle — the SU7 and the SU7 Max

China seems poised to the end the year on a high too, with the final two months of the year seen as seasonally high for vehicle sales