In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries

The US carmaker's aggressive price cuts earlier this year helped it to stoke demand amid rising inventories

This is the second time in a week that Berkshire Hathaway reduced its stake in the Chinese electric vehicle maker

CEO Jim Rowan said the automaker is assessing logistics and "cost benefits" as the plant will "feed other countries other than just India"

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

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

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third

Chief executive Elon Musk said the EV-maker's 2023 deliveries could hit 2 million vehicles, so long as there were no external disruptions

Representatives from Ford's German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

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

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries