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

Firms from Hyundai Motor to BYD are set to focus on electric cars, while Maruti Suzuki and Toyota Motor are expected to also showcase hybrid and hydrogen fuel-cell vehicles

Rival Chinese electric vehicle maker BYD and the budget-EV joint venture of General Motors in China both outsold the US carmaker

The Afeela EV demonstrates how automakers are increasingly focussing on the in-car cockpit experience, which presents greater monetisation opportunities

Zhu's title of Greater China VP remains unchanged and he continues to hold the position of the US electric vehicle-maker's most senior executive for sales in the rest of Asia

The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that it announced last month

Buffett has been trimming his stake in the electric vehicle and battery maker this year, with the first share sale reported in August

Toyota has been reviewing a $30 billion, three-stage plan for developing and releasing electric vehicles it announced late last year

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