The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy

The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

The milestone comes just three months after the chatbot was opened to the public following months of trials and scrutiny from Beijing

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

The smartphone giant’s chief Lei Jun said the company was aiming to become 'one of the world's top five automakers'

Together China and India accounted for around 90% of Russia’s crude exports, while Europe's share fell to only about 4-5% from about 40-45%

The surge suggests Chinese chip firms are racing to acquire lithography systems before Dutch export curbs tighten from next year

"A more dovish Fed means the likelihood of recession in 2024 has fallen considerably," one market analyst said

The firm, Kharon, provides data to companies on alleged forced labour in the region to help them comply with US laws

Earlier this month, BMW Group said it had received a test license for L3 self-driving on high-speed roads in Shanghai

Uncertainty in the Red Sea, after Yemen's Houthi militant group began targeting vessels this month, is threatening to worsen the global surge in inflation