The world's largest contract electronics maker attributed the slump to a massive writedown related to its 34% stake in Sharp Corp, its Japanese electronics maker

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

Thailand aims to become a key player in the global EV supply chain outside of China by offering tax cuts and subsidies to drive EV adoption and production

The announcements follow new US sourcing requirements for EV battery components and critical minerals in order for car buyers to qualify for up to $7,500 in credits

The batteries will have greater energy density and perform better than lithium-ion phosphate batteries, the company's chairman said

The country’s sole EV maker is gearing up to expand into the United States, where it hopes its two electric SUV models will compete with legacy American brands

While overall auto sales dropped in January-February, sales of new energy vehicles were up by more than 60%, according to industry data

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

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers

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