The Chinese entities are facing major challenges after a local court told one of them to give up one of its mines

Toyota supplier Denso and Asahi Kasei among those said to be on board

Overall sales in the world's biggest car market rose to 1.74 million vehicles in February, data from the China Association of Automobile Manufacturers showed

Electric-car maker Tesla Inc raised prices on Wednesday of its US Model Y SUVs and Model 3 Long Range sedans...

The EV maker raised prices for the most affordable versions of Model 3 and Model Y about a dozen times last year in the US

Companies face pressure from investors on environmental, social and corporate governance matters as automakers charge ahead on EV rollout and work to ensure battery minerals supply

Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices for now, thanks to long-term contracts and a diversified supply chain, companies said.

Nickel prices in China hit a record high on Wednesday with prices rising 17% to hit 267,700 yuan (about $42,400) a tonne, touching the ceiling for permitted daily gains

Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium to palladium to the high-grade nickel in electric vehicle batteries

MG Motor envisages a quarter of its total sales coming from electric vehicles by the end of fiscal 2023, the report added.

The gigafactory, which is crucial to Elon Musk's ambitions to vanquish European market leader Volkswagen, was supposed to open last summer

The plan to terminate 50 employees was approved on February 21 as the company said it was looking to focus on its core business and become leaner