South Korea’s Star Group Industrial and China’s Baotou INST Magnetic will join companies in sectors such as electronics and autos in shifting assembly lines amid backdrop of increasing trade rivalry

The cash-burning company is currently worth $35 billion, down from $85 billion in its Wall Street debut, that valued the carmaker twice as much as Ford and General Motors

Chinese brands such as BYD, Nio and SAIC's MG, which have raced past foreign rivals to top sales rankings at home, will have to overcome a new set of challenges to thrive in Europe

The automaker remains far behind its sales targets and faces tough competition in an industry where an increasing number of players are burning cash and facing an intense price war

A top security official said the Philippines never promised China it would remove the old warship on Ayungin shoal; Beijing's claim was a 'figment of its imagination'

The move has racked up costs for makers of drones in the country, with around 70% of goods in the supply chain currently being made in China

US Navy destroyers were dispatched to Alaskan waters on Saturday after the "unprecedented" arrival of 11 Russian and Chinese warships "doing freedom of navigation" operations

The Korean automakers said electronic controllers for the Idle Stop & Go oil pump assembly may contain damaged electrical components

Sandwiched between Russia and China, Mongolia has cultivated allies – like the US – in a bid reinforce its independence, but its economy relies heavily on its giant neighbours

VW and automaker FAW Group could "buy" a platform of EV technologies from Leapmotor, according to the state-backed news-site. Meanwhile, BYD is facing a tax probe in India.

India and Thailand are contenders for production sites for a small electric vehicle made by Foxconn's Mobility in Harmony, CEO Jack Cheng said

The deals follow the introduction of the US's Inflation Reduction Act, designed to wean the US off the Chinese supply chain for electric vehicles