The carmaker, which outsold EV rival Tesla in China last year, has been expanding in Singapore, Japan and Europe

Jakarta has long courted the US auto company over setting up a production hub to build electric vehicle batteries and cars

Firms from Hyundai Motor to BYD are set to focus on electric cars, while Maruti Suzuki and Toyota Motor are expected to also showcase hybrid and hydrogen fuel-cell vehicles

New energy vehicles, which include pure electric and plug-in hybrids, could account for one third of the overall passenger vehicle sales in China in 2023, the VW executive said

Several Tesla owners in Shanghai also said they felt misled by Tesla sales staff who told them they would face higher prices in the new year

Tesla saw demand for its electric vehicles skyrocket in China after it announced major price cuts on January 6, according to local media and company PR

Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November

Price cuts announced by Tesla in China on January 6 upset customers who had already bought the company's cars so much that protests were staged in front of some stores

The possible move by the French carmaker points to the growing perception of the auto market in India, which posted the fastest growth of any major market in 2022

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.