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

India is now the third-largest EV market in the world behind the US and China, the Business Standard said

The US auto firm plans to ramp up output at its Shanghai plant over the next two months to meet demand sparked by price cuts early last month

The Vietnamese company is gearing up to expand in the United States, where it hopes to compete with existing automakers

The global depositary receipts listing could even see CATL raise $8 billion if market conditions improve over the next couple of months

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight

With the "next-generation" system, Honda aims to bring costs down by two-thirds compared with its older fuel cell system

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third

The move comes as New Delhi doubles down on PM Modi's "Make in India" campaign with Tesla only last year abandoning its India plans over tariffs

Chief executive Elon Musk said the EV-maker's 2023 deliveries could hit 2 million vehicles, so long as there were no external disruptions

The leading EV-maker has opened its first dealership in auto powerhouse Japan and aims to open 100 more by 2025