The carmaker, which already has a factory in Thailand, aims to complete a $1 billion plant on Java, Indonesia's main island, by the end of this year, producing EVs for local sale and export

In 2022, while lithium prices were soaring to life-time highs, CATL intervened in the market by opening a huge lithium hub in China. Prices have since slumped 86%

Before we head into Donald Trump’s first full day in office on Tuesday, here’s a look at what his first day back as president meant for technology, climate and markets

JPMorgan set up a “war room” to assess the impact of Trump’s policies on global trade, regulation and other matters, an executive told a panel at the World Economic Forum in Davos

The wide divergence of views of people in his inner circle is perhaps one reason why Trump held off imposing tariffs on China on day one of his presidency

"Trump wants a deal. Otherwise, he would have shot up China on day one," Alicia Garcia Herrero, chief economist for the Asia Pacific at Natixis, said

"The data China released was different from what most people felt," an executive said, as subdued markets point to wavering confidence in China's outlook, analysts noted

Many Chinese car makers are scouting locations for plants in Europe, the world's second-largest EV market, to circumvent tariffs imposed by the European Commission last year

The new rules will include Russian cars, but exempt BYD buses assembled in California and won't cover Chinese software made before the rules take effect, so GM and Ford can continue to import some China-made vehicles

Despite the Biden Administration’s push to finalise those rules, however, their implementation will come down to President-elect Donald Trump who takes office in a little over a week

A brutal price war between automakers and millions of dollars worth of government subsidies fuelled a record boom in sales of EVs in China last year

Official data on Thursday showed factory-gate prices falling for a second straight year in 2024, while consumer prices only rose marginally