The deals follow the introduction of the US's Inflation Reduction Act, designed to wean the US off the Chinese supply chain for electric vehicles

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

French automaker Renault is to hack back costs by 40% while Peugeot-Fiat carmaker Stellantis described the competition with China as “brutal”

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

The struggling electric vehicle unit has been under pressure with its parent company trying to find a way out of a two-year debt crisis

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally

Top decision-makers vow to boost demand for autos, electronics and adjust property policies in a timely manner, Xinhua said

Republican politicians say the Michigan factory deal with the world's largest battery maker puts Ford in a vulnerable position

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

Officials in Tokyo fear retaliation from China over its move to restrict sales of advanced microchips, so coordination of moves is still being discussed with Washington

Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles