The factory is expected to begin producing the increasingly popular cylindrical batteries starting in 2024, Samsung SDI said in a statement

Tesla’s second-quarter net profit fell 32% to $2.26 billion compared with the previous quarter. Total revenue fell to $16.93 billion from $18.76 billion in the previous quarter

Sales of electric scooters have surged more than five-fold in India last year, as high fuel prices pushed buyers to look for alternatives and subsidies narrowed the price gap

The world's largest battery maker has reportedly been considering at least two potential sites where it can establish facilities to supply batteries to Tesla and Ford.

Analysts said the yen's tumbling value against the dollar caused share price boosts for automakers and microchip producers

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.