The surveying and mapping law shows Beijing's concern over the mapping capabilities of "smart cars" and fear that data they collect may end up in the hands of hostile rivals.

The deal will give the global miner ownership of Turquoise Hill's 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposits, 550km south of Mongolia's capital Ulaanbaatar

Serious rights violations have been committed in Xinjiang under China's counter-terrorism strategies, the UN rights commissioner said in a report released on Wednesday

Toyota now plans to outlay $3.9 billion on an EV battery plant in North Carolina, it said on Wednesday, partly because of rising consumer demand.

Bilateral deal with South Korea is a move to attract investment to develop the electric vehicle and batteries industry, while most Southeast Asian nations, China and Australia are in RCEP

Korean companies are concerned the new US law restricts which companies can receive US subsidies for making electric vehicles and where firms can source battery materials.

China dependence on foreign sources of battery metals such as nickel, lithium and cobalt poses a risk to its electric vehicle industry, a metals industry official said on Friday.

Juneyao Group is exploring a move into the EV market, where sales are booming because of generous government subsidies and tax incentives.

Shares slide on most Asian markets on Monday, as the dollar climbed, but shares rose in China after cuts in its benchmark lending rates

Only 2% of cars sold in Australia are electric, compared with 15% in Britain and 17% in Europe.

Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.

The climate law passed by the US aims to localize the manufacturing of EVs but "adds a steep requirement aimed at weeding out 'foreign entities of concern' from supply chains", it says.