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

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

The fund is likely to be set up with technical assistance from the US Agency for International Development (USAID)

Azis Armand, chief executive of Indika, Indonesia's third biggest coal producer, said a feasibility study for the proposed joint venture is being prepared

The company's call coincides with the release of a new hybrid model, the Grand Vitara sport utility vehicle, that is intended to compete with Hyundai and Kia