The ministry also unveiled measures to encourage trade-ins of older vehicles and support the second-hand market

Silk-FAW, based in Jilin province, plans to develop and produce high-performance electric cars in China and Italy

The US Treasury cracked down on Hong Kong-based Lustro Industry, saying it hid its role in purchases of petrochemical products for delivery to China, plus Triliance Petrochemical

Tesla has bounced back from the Shanghai lockdown in June, selling more than double the amount of locally-made vehicles it did in May and 135% more than it did a year ago, a China car group said

About 2 million barrels of cheap Russian crude oil flowed into China every day in June, according to industry monitors, who said supplies from Africa and the Middle East were being squeezed out

Huawei's founder Ren Zhengfei emphasised that the company's new strategy "should not be decided by a handful of people" but thousands of experts

EV Cargo generated more than $1.5 billion in revenue in 2021, yielding over $100 million in earnings, EmergeVest CEO Heath Zarin said

A "new paradigm" was at play, said DoubleLine's Bill Campbell, such as tensions around Taiwan and in the South China Sea as potential flashpoints with the West.

The two countries could enhance cooperation through mechanisms such as the Group of 20, an intergovernmental forum comprising 19 countries and the European Union

The company plans to sell bonds to brokerages and lenders to foot the bill of expanding the reach of its rail network from about 40,000 km now to 70,000 km by 2035

An administrator appointed by a court in the Democratic Republic of Congo to run the world's second-largest cobalt mine told CMOC to suspend marketing as well as production

The Vivo raids follow an Enforcement Directorate investigation into Xiaomi, another Chinese smartphone maker and one of India's leading brands