Fitch Ratings says new-energy vehicles will continue to see strong growth next year as more motorists ditch petrol cars. It says EVs will account for 35% of car sales on the mainland in 2023

The Albanese government says it has done a deal with independent MPs to pass a law shortly that offers tax incentives that will make electric vehicles up to $2,000 cheaper

Foxconn and its Indonesian parter Indrika Energy is looking to make EV batteries with a Thai firm, possibly the state-run energy giant PTT.

The EVs of the future — those arriving after 2025 — could shift to significantly cheaper sodium ion or lithium sulfur battery cells

Tesla said videos showed the car's brake lights were not on when the car was speeding and that its data showed there was no move to step on the brakes throughout the vehicle's journey.

The two sides are discussing a reduction in Renault's 43% stake in Nissan, potentially to 15%, so the carmakers can collaborate on more equal terms

South Korea's foreign ministry said on Friday it has proposed that the United States offer federal EV tax credits for groups that have investments planned in the US.

Big Chinese, South Korean and Japanese firms are seen as more likely to follow through than local startups, as they have contracts with global carmakers and experience building large factories

As China's automakers close the gap with foreign automakers we are likely to see more joint ventures collapse in the coming years, Urban Science managing director Chee-Kiang Lim said

But Germany's economy and foreign ministries were still advising against the deal, even with the amended terms.

Carmakers in China delivered a million cars to dealers in the first nine months of this year – a record number, but a local brokerage said the market looks set to slow in 2023 as demand is softening

The group estimates net profit for the July-September quarter came in at $765 million-$820 million, which is a rise of 333% to 365% from the same period a year earlier