US President expects to meet with Xi Jinping in the near-term and doubts that his remark undermined ties with Beijing

Technological advances have helped lithium-iron-phosphate batteries edge past EV batteries made of nickel and cobalt, experts say

Beijing said Biden's comments “go totally against facts and seriously violate diplomatic protocol, and severely infringe on China’s political dignity”

New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027

Biden says Blinken did a "hell of a job" in China, after Secretary of State said US does not support independence for Taiwan, and pressed China to remain 'vigilant' of firms giving arms to Russia

Shops in Shenzhen's famous electronics market are selling high-end Nvidia chips, but the costs are huge and the numbers appear to be limited

Tokyo’s financial regulator has reportedly asked its top banks about their response plans if China-US tensions escalate, particularly if Taiwan was invaded

Bill Ford, the great-grandson of company founder Henry Ford, also addressed criticism from US senators like Marco Rubio on the automaker's plans to partner with Chinese battery company CATL

Chinese president hails agreement on issues with top US diplomat, but talks did not appear to make much progress on differences over Taiwan, trade, rights, fentanyl or war in Ukraine

US officials have played down the prospect of a major breakthrough in China-US ties, but say Blinken's primary goal is to establish durable communication channels with Beijing

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks

The investment, in a chip packaging facility in the Chinese city of Xian, will include buying packaging equipment from a Xian-based subsidiary of Taiwan's Powertech Technology