No financial details were disclosed on the valuation of the business on Monday, which some sources have indicated could be up to 10 billion euros

India is now the third-largest EV market in the world behind the US and China, the Business Standard said

The Vietnamese company is gearing up to expand in the United States, where it hopes to compete with existing automakers

The world's third largest carbon polluter projects it needs $10 trillion to $15 trillion in investment to achieve net-zero carbon emissions by 2070

Honda will prioritise electrification in cars, motorcycles and power generators to keep pace with rivals Tesla and China's BYD, it has said

The Vietnamese EV-maker hopes to compete with existing automakers in the US by offering two models, the VF8 and VF9, with starting prices of $59,000 and $83,000

Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

Rival Chinese electric vehicle maker BYD and the budget-EV joint venture of General Motors in China both outsold the US carmaker

BYD captured China's middle-class market with affordable and locally made EVs, pushing ahead of Elon Musk's Tesla, the SCMP said

Indonesia is targeting 20% of overall car sales in 2025 being electric vehicles, chief economics minister Airlangga Hartarto said

India's EV sales have been booming since its government provided subsidies to help consumers purchase electric vehicles, The Economic Times reported.

Toyota chief Akio Toyodo said the "silent majority" is wondering if electric vehicles really are "OK to have as a single option".