The departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla chief executive Elon Musk races to achieve full self-driving capability

The launch comes after Hyundai announced plans to build EV plants both at home and the US, where the Ioniq 5 and Kia's EV 6 SUV together became the second-best selling EVs

Japan-based conglomerate announces plans to open $4-billion facility in Kansas to make EV batteries for Tesla.

Credit Suisse has been appointed to arrange the issue of offshore securities to raise $2bn for VinFast or subsidiaries, while Citigroup was also tapped to advise on transactions for $2bn

Tianqi Lithium shares started trading at HK$74.50 ($9.49) each before bouncing back to its debut price of HK$82 - in a recovery important for the group and the Hong Kong Exchange

The suit is likely to be one of the most closely followed business battles of all time, pitching the colourful executive against the western commentariat's favourite arena

Shares in BYD plummeted by close to 12% on Tuesday amid speculation that US billionaire investor Warren Buffett may sell shares in China's top electric vehicle producer.

Ganfeng shares tumbled after it announced its move to buy Argentina's Lithea, in a bid to assert its leadership in battery production for electric vehicles

The South Korean automaker plans to invest 63 trillion won ($48.07 billion) in South Korea through till 2025

Sixteen automakers including overseas giants such as Tesla and VW recorded monthly deliveries of more 10,000 in China last month

Battery makers for electric vehicles are studying ways to create smaller and cheaper batteries to bring down prices, as batteries are currently the most expensive items in EVs.

The Indian automaker is also exploring a tie-up with Volkswagen to source EV components such as batteries and motors.