More than $16 billion will go toward its EV businesses, such as plants and charging stations. Seoul automaker will target annual sales of 1.8m vehicles

Last month, Faraday said it had identified certain inaccurate statements made by its employees to investors and announced changes in its leadership structure

Rivian, in which Amazon holds a 20% stake, said the starting price of its R1T electric pickup truck has jumped by about 17% and its R1S sport utility vehicles by about 20%

Toyota Motor will shut its plants in Japan on Tuesday after Kojima, a major supplier of parts, was hit by a suspected cyberattack

The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city - but not raise capital or issue new shares

The Securities and Exchange Commission reportedly launched its probe after Kimbal Musk sold $108 million in Tesla stock last year

European industrial giant's exports of passenger cars to China increased by 14% year-on-year to 16.7 billion euros ($18.7 billion) last year

But the top foreign policy adviser to Yoon Suk-yeol said Beijing's ire would provide a chance to "reset" testy diplomatic ties between the countries

The US is concerned that low output of minerals essential to build future tech may leave it beholden to China and others that have heavily invested in mining

The German group is pumping 35 billion euros into the shift to EVs and aims to become the world's largest electric carmaker by 2025

The companies, which offer credit to consumers for small purchases, soared in popularity during coronavirus lockdown as people splurged online on new clothes, shoes and home furnishings

EVs, especially e-two-wheelers, are expensive despite state subsidies, with much lower performance parameters than internal combustible engine vehicles, report says