One of the primary motivators for India to reduce the EV import tax had been Tesla’s interest in building a factory in India

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

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'

Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot in Shanghai for $31.13 million

The US carmaker sold 82,432 of its Shanghai gigafactory-produced vehicles last month as rival BYD set a new sales record

A mass market EV known as the 'Model 2' is tipped to be one of the first Teslas that will go on sale in coming years; meanwhile the carmaker won a court base in China over a supposed brake failure

The South Korean manufacturer, along with its parent Hyundai, said they weren’t seeing a slowdown in demand

Elon Musk has reportedly demanded the concession in return for building a new production plant in a car market dominated by low-cost vehicles

Sources say CEO Elon Musk is keen to build two factories in India - one for electric vehicles, and a second plant to make and sell the group's "Powerwall" battery

Among major backers of the chip designer is smartphone giant Xiaomi, which won approval last month from China's state planner to manufacture electric vehicles

The launch of the new Model 3 version marks the first time the automaker has rolled out a vehicle in China ahead of the United States; it will go on show in Munich in coming days