New energy vehicles, which include pure electric and plug-in hybrids, could account for one third of the overall passenger vehicle sales in China in 2023, the VW executive said

Tesla saw demand for its electric vehicles skyrocket in China after it announced major price cuts on January 6, according to local media and company PR

Rate hikes by central banks, plus Russia's war in Ukraine are causing a major economic slowdown that will hit emerging markets hard, the bank says. It forecast global growth of just 1.7% this year

Chinese display maker tipped to invest at least $400 million in two plants in northern Vietnam, sources say

Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects

Defence officials from Japan and the US will discuss agreements at a top-level meeting in Washington on Wednesday on key defence issues related to the Indo-Pacific and outer space

Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

CEO Albert Bourla said the group was discussing the price for Pfizer's branded product Paxlovid, not a licence to produce a generic version of its medicine for use there

Thailand has scrapped a new requirement that tourists have to show proof of Covid vaccinations, which enraged tourism operators days before Chinese visitors were due to return

Taiwan plans to set up its own satelite internet service after seeing the dramatic impact that Musk's Starlink service had on the war in Ukraine

Many people expressed relief that the government had finally eased restrictions that prevented them from travelling for the last three years

Thousands travel abroad and into Hong Kong after citizens were finally freed to reunite with families and friends after three years of being locked down because of the Covid pandemic