BYD pushed ahead of the likes of MG and Hyundai, but Elon Musk's Tesla remained far out in front

The news comes after China's biggest company reported a second straight quarterly sales drop, hit by the economic slowdown and China's regulatory crackdown.

Foxconn and its Indonesian parter Indrika Energy is looking to make EV batteries with a Thai firm, possibly the state-run energy giant PTT.

"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