Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

Among major backers of the chip designer is smartphone giant Xiaomi, which won approval last month from China's state planner to manufacture electric vehicles

The launch of the new Model 3 version marks the first time the automaker has rolled out a vehicle in China ahead of the United States; it will go on show in Munich in coming days

The mass evacuation of 900,000 people in southern China's coastal provinces and shutting down of schools and businesses helped avoid mass casualties but economic damage could be significant

China responds positively to Commerce Secretary's blunt remark that US companies complained to her that China has become "uninvestible"

Shares of the still loss-making automaker have rallied more than 333% over the past five days, reaching a valuation of roughly $190 billion

The cause of the malfunction was not clear, but it comes amid an alert over harassing phone calls, likely from China, related to Japan's release of treated radioactive water from Fukushima nuclear plant

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen

New Delhi will move slowly in considering the tax cut as any lowering of taxes on imported EVs could disrupt the market and upset local players, sources said

The Indian mission was accomplished with a budget of about 6.15 billion rupees ($75 million), less than the cost to produce the 2013 Hollywood space thriller "Gravity”

The country's lunar spacecraft made a soft landing on the lunar South Pole, days after a similar Russian lander, Luna-25, crashed

The moves followed reports that South Korea's Star Group Industrial, which supplies magnets to VinFast and Hyundai, is investing $80 million in a new factory in Vietnam