The deal, expected late this month, will take CYVN's shareholding to 20.1% of Nio's total shares, the carmaker said in a statement

A wave of Chinese EV makers are expanding in Europe amid slowing demand at home

The Japanese automaker is joining foreign brands like Tesla and BMW that are expanding their exports of China-made cars to exploit the country's lower manufacturing costs

France's revamped rules on EV subsidies include a new criteria for eligibility — the amount of carbon emitted in the making of cars, which is reportedly much higher in China

Global sales of fully electric and plug-in hybrid vehicles reached a new monthly record of 1.4 million units in November

Every facet of electric vehicles and EV batteries is being assessed by carmakers around the world keen to produce EVs that can compete with China's cheap EV models

Chinese indexes saw double digit falls in the number of IPOs, compared to last year, amid geopolitical tensions with the West and increasing scrutiny from Beijing regulators

Nio announced a similar tie-up with Changan Automobile last week as it bids to build a unified battery exchange network

Huawei has said the new unit will engage in R&D, production, sales and service of intelligent automotive systems and component solutions

Buffett's exit comes after a string of selldowns for Paytm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

The electric battery industry is hugely reliant on raw materials, or completed batteries, sourced from China and other Asian nations

Foxtron Vehicle Technologies' stock slumped 9% at the opening with bosses admitting they don’t expect to turn a profit for at least three years