The deal, expected late this month, will take CYVN's shareholding to 20.1% of Nio's total shares, the carmaker said in a statement

A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

The Japanese automaker is joining foreign brands like Tesla and BMW that are expanding their exports of China-made cars to exploit the country's lower manufacturing costs

France's revamped rules on EV subsidies include a new criteria for eligibility — the amount of carbon emitted in the making of cars, which is reportedly much higher in China

Some staff at German consultancy distanced themselves over an audit by the firm that found no forced labour at a Volkswagen joint venture in China's Xinjiang province

Bilateral pacts cover possible investments in rail links, security, plus telecoms and digital data, but analysts said any boost in ties could be more symbolic than real

The move by Huawei comes as global automakers in China increasingly seek to partner with Chinese carmakers

Industry ministry said on Monday EVs should have a driving range of at least 200 kilometres per charge to be eligible for purchase tax exemption from 2024

Every facet of electric vehicles and EV batteries is being assessed by carmakers around the world keen to produce EVs that can compete with China's cheap EV models

China says the US Treasury's move to block tax credits for electric vehicles if they have batteries or other parts from China violates world trade policies

The International Energy Agency expects world oil consumption to hit its peak in 2030 at 103 million barrels per day – a decade faster than initially predicted

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen