The move is part of VinFast’s increasing efforts to expand its overseas footprint, while for India its a boost for the country's efforts to get EV makers to manufacture at home

Electricity demand has surged due to the popularity of EVs, forcing officials to provide solutions that prevent power grids from being overwhelmed

Rates for ocean cargo have soared after an attempted attack on Wednesday and a bid to hijack a Maersk ship last Sunday; members of the UN Security Council have called on the Houthis to halt their attacks

Vietnamese electric carmaker plans to make EV batteries in Thoothukudi city in Tamil Nadu, in the southern India, sources say

The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy

The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group

The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain

The smartphone giant’s chief Lei Jun said the company was aiming to become 'one of the world's top five automakers'

Daihatsu's four factories in Japan will shut down till the end of January while its parent Toyota talks to authorities about what to do about the safety tests scandal revealed last week

Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective

Earlier this month, BMW Group said it had received a test license for L3 self-driving on high-speed roads in Shanghai

Uncertainty in the Red Sea, after Yemen's Houthi militant group began targeting vessels this month, is threatening to worsen the global surge in inflation