The automaker remains far behind its sales targets and faces tough competition in an industry where an increasing number of players are burning cash and facing an intense price war

Analysts say the price tag on VinFast's planned merger is not realistic given that the EV-maker continues to burn cash and is in very early stages of its US business

Together, the unusual coalition of competitors, aims to roll out 30,000 chargers in North America, which would be significantly higher than Tesla's fast-chargers

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

This will be Tata’s first gigafactory outside of India and will have the capability to produce an initial output of 40 gigawatt hours

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

Experts say latest data coming in from China pointed to the world’s biggest EV market recovering from a slump and getting “back on the fast-track"

Japan has designated batteries for energy storage as important under an economic security law and earmarked close to $2.4 billion to support their supply and development

The trip is Musk's first to China since he made headlines in early 2020 by dancing on stage at Tesla's Shanghai gigafactory

The Vietnamese EV-maker said it was not aware of any incidents, and that it was issuing the recall "out of an abundance of caution"

VinFast could hit break even as soon as the end of 2024, the company's founder Pham Nhat Vuong told investors

This is the second time in just over a month that Buffett’s investment group has reduced its stake in China’s largest EV-maker