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

The plant targets mass production by 2025, joining other battery suppliers in taking advantage of new US EV tax credit rules

As China's automakers close the gap with foreign automakers we are likely to see more joint ventures collapse in the coming years, Urban Science managing director Chee-Kiang Lim said

China's Evergrande delivered its Hengchi 5 electric car to the first 100 customers on Saturday, as it wades into the booming market

Switching from to lithium-ion could boost a submarine's combat abilities, upgrading speed, weapon storage, and time spent underwater, said SCMP

New list expands the number of industries to 519 from 480 in the last publication of eligible sectors in 2020 and is part of a plan to improve industrial and supply chains.

The Japanese and Chinese automakers will jointly produce the Toyota bZ3

Southeast Asia's largest economy has been enjoying an export boom for more than a year due to rising commodity prices

CATL reported profits of $1.3 billion in Q3, with revenue also rising by 232.5% to $13.41 billion

Group cuts prices by up to 9%, which a CMBI analyst said "underscores the possible price war which we have been emphasising since August."

Toyota has already slashed its global production target for the last financial year three times, from 9.3 million in May 2021 to 8.5 million this February

CATL, whose Q3 profit nearly tripled year-on-year, is said to have pulled its expansion plans after the US put in new restrictions on sourcing battery materials