The mine will supply a new lithium battery production and manufacturing base in Yichun, which CATL agreed to build with the local government last year

China's production of batteries for new energy vehicles (NEVs) ramped up by an impressive 206.9% in the first quarter from the same period in 2021, Xinhua has reported

BYD's Han DM-i model is expected to sell more than 30,000 units per month, while price rises of raw material prices are slowing down

The Brazilian company will provide the cells, while Horwin Brasil will produce the "brain" of the component, in addition to the motorcycles themselves

Asia Financial's China Electric Vehicles Index, which tracks 14 leading electric car makers, slumped 13% in March and is down 26% so far this year.