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

Analysts say the price tag on VinFast's planned merger is not realistic given that the EV-maker continues to burn cash and is in very early stages of its US business

Together, the unusual coalition of competitors, aims to roll out 30,000 chargers in North America, which would be significantly higher than Tesla's fast-chargers

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

Obscure firms have shipped large cargoes of Russian oil this year, with crude often changing hands at sea and carried in old Liberian-flagged vessels, en-route to China and India

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles

This will be Tata’s first gigafactory outside of India and will have the capability to produce an initial output of 40 gigawatt hours

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres