Despite the Biden Administration’s push to finalise those rules, however, their implementation will come down to President-elect Donald Trump who takes office in a little over a week

A brutal price war between automakers and millions of dollars worth of government subsidies fuelled a record boom in sales of EVs in China last year

Despite the sales bump, though, Tesla is still close to losing its top global EV-seller crown to Chinese rival BYD

The recall, announced last month, affects 22,883 EV9 electric SUVs Kia built between September 2023 and October 2024

Workers at the site, which was to be BYD's first EV factory outside of Asia, faced forced labour, long working hours, and sleep deprivation caused by inadequate housing conditions

The merger of the two storied Japanese brands underlines the threat Chinese EV makers now pose to some of the world's best known car makers

The carmakers’ discussion on a merger is the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Trump’s transition team is recommending to strengthen measures blocking cars, components and battery materials from China

VW’s decision to sell the plant comes after years of investor pressure on the carmaker to abandon presence in Xinjiang

Despite stalled talks between both the sides, it is unlikely that Beijing would want to torpedo its ties with the EU given its trade with the US is already hurt by geopolitics

Shenzhen-listed shares of the carmaker were up 5.74% at close of trade on Monday, while its Hong Kong-listed stock was up 3.53%

The directive comes as, starting Wednesday, Chinese electric vehicles heading to Europe will be subject to tariffs as high as 45.3%