"We are going to be a big catalyst in accelerating the (EV) ecosystem," Prabhjeet Singh, president of Uber India and South Asia, said.

In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries

Equities fell in most Asian markets and currencies were hit Wednesday, after the dollar firmed on sticky US inflation data, which cemented fears of more rate hikes by the Fed

The electric vehicle maker is aiming to build a facility to produce its Blade Battery, which it claims is safer than other alternatives in the market

Nissan and Renault will invest $600m to turn Chennai into an export hub for new models, while Zeekr has now passed the current value of Xpeng, after raising $750m from existing investors

This is the second time in a week that Berkshire Hathaway reduced its stake in the Chinese electric vehicle maker

No financial details were disclosed on the valuation of the business on Monday, which some sources have indicated could be up to 10 billion euros

While commentators have advocated big measures, such as 1 trillion yuan for consumption vouchers to bolster public spending, key insiders say consumer subsidies are likely to be modest

The Vietnamese company is gearing up to expand in the United States, where it hopes to compete with existing automakers

The global depositary receipts listing could even see CATL raise $8 billion if market conditions improve over the next couple of months

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third