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

Tesla’s second-quarter net profit fell 32% to $2.26 billion compared with the previous quarter. Total revenue fell to $16.93 billion from $18.76 billion in the previous quarter

The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla chief executive Elon Musk races to achieve full self-driving capability

The launch comes after Hyundai announced plans to build EV plants both at home and the US, where the Ioniq 5 and Kia's EV 6 SUV together became the second-best selling EVs

Credit Suisse has been appointed to arrange the issue of offshore securities to raise $2bn for VinFast or subsidiaries, while Citigroup was also tapped to advise on transactions for $2bn

The South Korean automaker plans to invest 63 trillion won ($48.07 billion) in South Korea through till 2025

BII, the British government's development finance institution, will have a 4.8% ownership in the business, which will focus on four-wheel passenger EVs.

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

The Hengchi 5 has debuted in a flashy videotaped event, as president Liu Yongzhong said: "[We] are striving to become a globally recognised national automobile brand."

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