The move is part of BYD's international push, which has seen it open showrooms in New Zealand and Singapore as well as Norway, Brazil, Costa Rica and Colombia

Officials said funding was completed on Wednesday for the second phase of the advanced manufacturing fund, which invests in Chinese innovation sectors

The Warren Buffett-backed auto firm’s rise underscores China’s growing prowess in electric vehicle manufacturing and renewable energy, the FT said....

The ministry also unveiled measures to encourage trade-ins of older vehicles and support the second-hand market

Silk-FAW, based in Jilin province, plans to develop and produce high-performance electric cars in China and Italy