The potential battery JV may cost 4 trillion won ($3.4 billion) and have an annual capacity of up to 40 GWh of batteries

Lithium allows electricity to be stored and transported and is essential to battery production as carmakers turn to new energy vehicles

Tesla's demands for tax cuts last year prompted objections from local players, who said it would deter investment in manufacturing. But Mercedes is set to assemble EVs in India later this year

Clips on YouTube and Twitter show drivers testing Full Self-Driving (FSD) beta and suddenly having to regain control of their vehicles

The contracts, worth $121 million, went to China's BYD and Chile's Servicios y Operaciones Mineras del Norte, the minerals ministry said

Melbourne-based miner signed a deal to invest up to $100 million in Tanzania’s Kabanga nickel and cobalt project, two metals vital for EVs

One bright spot was new energy vehicles (NEV), which include battery-powered electric cars, hybrids and hydrogen fuel-cell vehicles. Over half a million were sold in December.

US electric vehicle maker achieved the highest monthly rate since it started manufacturing in Shanghai in 2019

South Korean battery maker's $10.7bn IPO has received bids worth around $80 billion from institutional investors, sources have said

Volkswagen said it would likely double sales of its battery electric vehicles in China this year and aims to do even better but it could be hamstrung by a shortage of semiconductors.

India would need 400,000 public charging stations to serve an estimated two million EVs by 2026, according to a June 2021 report, but it only has 1,038 currently

A total of 1,636 electric cars and taxis registered last year gained from the rebates under the EV early adoption incentive scheme