The battery-maker aims to produce LFP batteries that can be made at lower cost, but deliver less range than comparable nickel-cobalt electric vehicle batteries

The US automaker slashed prices for all versions of its Model 3 and Y vehicles, which, along with a reduction in October, amount to a 13% to 24% reduction in prices from September.

Rival Chinese electric vehicle maker BYD and the budget-EV joint venture of General Motors in China both outsold the US carmaker

The Afeela EV demonstrates how automakers are increasingly focussing on the in-car cockpit experience, which presents greater monetisation opportunities

Nvidia said its technology, which includes chips to process information from sensors in real time, will help Foxconn overcome challenges in ramping up automobile production

BYD captured China's middle-class market with affordable and locally made EVs, pushing ahead of Elon Musk's Tesla, the SCMP said

Zhu's title of Greater China VP remains unchanged and he continues to hold the position of the US electric vehicle-maker's most senior executive for sales in the rest of Asia

Tesla's Korean outlet was fined $2.2m for failing to tell customers its EVs' driving range would drop significantly in cold weather. Meanwhile, the group delivered a record 1.3m vehicles in 2022

Tesla and its suppliers have been falling sick in the current wave of infections in China, posing challenges to operations at the plant

The new plant in Dresden – TSMC's first in Europe – will capitalise on booming demand from Germany's car sector, Nikkei said

The partnership will enable the storage and deployment of renewables on an improved and larger scale, Pandaily said

The move has fuelled talk among colleagues he is being groomed for a bigger role in Tesla, at a time when chief executive Elon Musk has been distracted by Twitter