The slowdown has fuelled intensifying competition in China's EV market, led by a fresh round of deep cuts by Tesla-beating carmaker BYD
The European Commission said increasing imports from China risked injuring the region's carmakers at a magnitude "that would be difficult to repair”
The world’s two biggest EV-makers have been locked in a drawn-out and brutal price war in China since the beginning of last year
Beijing has laid out wide-ranging guidelines for various departments and the central bank to help the new-energy-vehicle trade
"Our observation is generally that the Chinese car companies are the most competitive car companies in the world," the Tesla chief said at a post-earnings call
One of the primary motivators for India to reduce the EV import tax had been Tesla’s interest in building a factory in India
China's rising EV brands are a key market for automotive technology makers as they race each other to launch more automated driving functions
The move is part of VinFast’s increasing efforts to expand its overseas footprint, while for India its a boost for the country's efforts to get EV makers to manufacture at home
The Chinese EV-maker's bumper sales suggest car buyers are looking for cheaper models in a high-interest-rate economy
The funding was slated to be used for the research and development, manufacturing, and sales services of vehicles under the group
The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty
The smartphone giant’s chief Lei Jun said the company was aiming to become 'one of the world's top five automakers'