"We're going to compete vigorously. But I'm not looking for conflict," US President Joe Biden said after meeting Xi on the sidelines of the G20 summit

The EVs of the future — those arriving after 2025 — could shift to significantly cheaper sodium ion or lithium sulfur battery cells

The fund will invest in the EV value chain to capture a market that is expected to grow fast globally, its CEO Ridha Wirakusumah said

Nio still expects deliveries to almost double in the current quarter as it chases BYD and US EV giant Tesla

China Insurance Security Fund, which played a key role in bailing out fallen Anbang Insurance Group, is now allowed to be involved in the formulation of risk disposal plans

Trio of South Korean companies say Washington’s new electric vehicle tax credit rules have "impossible requirements”

The Hurun Rich list, which ranks China's wealthiest citizens, said the number of dollar billionaires dropped by 239 to 946 this year.

The Japanese auto giant aims to roll out 30 EV models globally and produce 2 million EVs a year by 2030

Rumours and news reports have raised hopes for the easing of China's tough Covid curbs and improved relations with the United States

The X3 uses a drone attached to its roof which can allow users to fly over traffic, obstacles and rivers

The two sides are discussing a reduction in Renault's 43% stake in Nissan, potentially to 15%, so the carmakers can collaborate on more equal terms

Big Chinese, South Korean and Japanese firms are seen as more likely to follow through than local startups, as they have contracts with global carmakers and experience building large factories