China says the US Treasury's move to block tax credits for electric vehicles if they have batteries or other parts from China violates world trade policies

European leaders meet President Xi in Beijing for talks on their huge trade imbalance, to EV subsidies, plus the bloc's push to 'de-risk' from China. Both sides were low on expectations

The International Energy Agency expects world oil consumption to hit its peak in 2030 at 103 million barrels per day – a decade faster than initially predicted

The US carmaker sold 82,432 of its Shanghai gigafactory-produced vehicles last month as rival BYD set a new sales record

Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen

Car giant aims to have six new EV models in Europe by 2026, and also has a unit looking at hydrogen trucks and cars

Honda Motor said on Saturday it was dismissing about 900 workers at its JV with Guangzhou Auto in China, while Toyota has halted some operations in Tianjin amid weak sales

The Biden administration's curbs are designed to wean the US electric vehicle battery supply chain away from China

Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

Nio announced a similar tie-up with Changan Automobile last week as it bids to build a unified battery exchange network

Huawei has said the new unit will engage in R&D, production, sales and service of intelligent automotive systems and component solutions