The US electric vehicle maker surpassed Toyota's profit despite the Japanese maker selling seven times more cars

Buyers who order a Tesla EV this month will get an 8,000 yuan insurance incentive, but that offer will be slashed next month.

The Japanese auto giant aims to roll out 30 EV models globally and produce 2 million EVs a year by 2030

Japan joins South Korea and European countries worried about the legislation which will see tax credits withdrawn for foreign-made vehicles and batteries

The two sides are discussing a reduction in Renault's 43% stake in Nissan, potentially to 15%, so the carmakers can collaborate on more equal terms

South Korea's foreign ministry said on Friday it has proposed that the United States offer federal EV tax credits for groups that have investments planned in the US.

The drop-off followed a record month when the US EV maker delivered 83,135 cars, setting a record for Tesla’s Shanghai factory

Ottawa has told 3 Chinese firms to sell investments in Canadian companies focused on critical minerals – on grounds of national security

Big Chinese, South Korean and Japanese firms are seen as more likely to follow through than local startups, as they have contracts with global carmakers and experience building large factories

Tough Covid curbs have shut two plants run by EV maker Nio, and caused a fresh lockdown at the world's biggest iPhone factory, while also shutting 1,400 Yum China outlets last month

The head of metals-to-oil group Vedanta expects annual revenue to double to $50 billion in the next 2-3 years, as it ramps up production of metals used in EV batteries

It was Toyota's fourth consecutive quarterly profit decline. The company has repeatedly cut output targets, but has fared better than most competitors in managing its supply chains