Chinese tech giant and biggest battery maker say the move is 'clearly a mistake' as they are not military firms, or suppliers or engaged in military-related activities. They could sue the Pentagon.

The Shanghai Megapack facility, completed in December, is projected to produce about 10,000 Megapack units a year – 40 GWh of annual capacity.

At least four large mutual funds received calls from the Shanghai and Shenzhen stock exchanges last week, asking them to buy more stocks than they sold each day

Trump's tariff threats have rattled the yuan, driven mainland bond yields down and got stocks off to a bad start to 2025

The law, said to be one of the world's strictest, requires public country-by-country reporting to allow the tax office to assess if genuine business operations align with locations where profits are booked and taxes paid

The surprise New Year payout could amount to a one-time shot to the economy of $12-20 billion if all 48 million civil servants in the public sector collected on terms some outlined

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 two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

Unlike the European Union and the United States, Norway does not impose tariffs on Chinese electric vehicles

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

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

Discount airline Jeju has been hit by tens of thousands of cancellations after the crash on Sunday, which killed 179 passengers and crew. Aviation experts still trying to determine why the crash occurred