Southeast Asia has emerged as one of the hottest EV markets and could boost Tesla at a time when demand is slowing in its two biggest markets: China and the US

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