Each electric bus costs 12.5 million rupees ($151,138), about five times that of a diesel one

If successful, the IPO would be the first major US float of a Chinese firm since Beijing tightened its grip over Chinese companies' overseas share sales in July last year

It has not been an established practice for the plant to shut down for a year-end holiday, which will cut planned production by a third

If successful, VinFast will be Vietnam's first company to list in the United States

Japan is one of the most competitive car markets in the world and is still seen as a stronghold for fossil fuel-powered vehicles

BYD pushed ahead of the likes of MG and Hyundai, but Elon Musk's Tesla remained far out in front

The fund will invest in the EV value chain to capture a market that is expected to grow fast globally, its CEO Ridha Wirakusumah said

The US electric vehicle maker surpassed Toyota's profit despite the Japanese maker selling seven times more cars

The X3 uses a drone attached to its roof which can allow users to fly over traffic, obstacles and rivers

The two sides are discussing a reduction in Renault's 43% stake in Nissan, potentially to 15%, so the carmakers can collaborate on more equal terms

Tesla recently outlined plans to shift its Chinese stores to lower-cost suburban areas which also offer repairs

As semiconductor shortages ease, Tata expects to sell 90,000 Jaguar Land Rover vehicles on a wholesale basis in the current quarter - higher than in the last five quarters