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