Despite the sales bump, though, Tesla is still close to losing its top global EV-seller crown to Chinese rival BYD
China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL
The recall, announced last month, affects 22,883 EV9 electric SUVs Kia built between September 2023 and October 2024
BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable
Climate experts have warned that continued investments in fossil fuels will create the risk of assets worth $557 trillion being left useless by 2050
Workers at the site, which was to be BYD's first EV factory outside of Asia, faced forced labour, long working hours, and sleep deprivation caused by inadequate housing conditions
Top-selling Japanese carmaker will produce its luxury car brand Lexus at a new plant in Shanghai, Nikkei business daily says
The merger of the two storied Japanese brands underlines the threat Chinese EV makers now pose to some of the world's best known car makers
Taipei is looking to build communications resilience to prepare for the possibility of a Chinese invasion, similar to Ukraine's use of Starlink satellite broadband service
The carmakers’ discussion on a merger is the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
Japanese officials are abandoning past goals of cutting back reliance on nuclear power, and planning to develop ‘next-generation reactors’
Trump’s transition team is recommending to strengthen measures blocking cars, components and battery materials from China