Asia Financial's China Electric Vehicles Index, which tracks 14 leading electric car makers, slumped 13% in March and is down 26% so far this year.

Internet platforms will be encouraged to further lower service fees and telecom operators urged to provide three months' worth of free cloud services

City officials have asked some residents to stay indoors unless they are getting tested as the number of daily cases rose beyond 4,400

New EV-specific criterion for certificate of entitlement categorisation was announced in Parliament

Shanghai has battled a new Covid-19 surge for nearly a month and for Saturday it reported its highest daily number of cases since the initial outbreak in China receded

Tesla chief executive Elon Musk said in a tweet on Saturday he is giving "serious thought" to building a new social media platform, one that would prioritize free speech

Four companies - automakers Nio and Geely, battery swap developer Aulton and state-owned oil producer Sinopec - plan to set up 24,000 swap stations by 2025, up from about 1,400 now

Battery swapping - replacing a depleted battery with a freshly charged one - is not new. Here is a timeline of key events in the development of battery swapping

Prices are going up at SpaceX, The Wall Street Journal reported, with its Starlink user kit for clients with deposits already in increasing to $549 from $499

GameStop Corp surged 14.5% on Wednesday and AMC Entertainment Holdings ended the session up 13.6%

Flush with cash from recent, record-breaking IPO, LG plans investments across the US to expand EV battery production.

The latest outbreak is tiny by global standards but authorities are proceeding with the testing campaign that has seen many people locked in residential compounds for days