The initiative is part of president Joko Widodo's goal of developing a supply chain utilising the Southeast Asian country's mineral resources

Fitch Bohua said NEVs were indispensable if China is to achieve peak carbon emissions before 2030 and “carbon neutrality” before 2060

The company, formerly known as Daimler, said Japanese battery maker Envision AESC would supply battery modules for US-made EVs by the middle of the decade

China's industry regulator has given China Evergrande New Energy Vehicle Group approval to start sales of its inaugural electric car, the Hengchi 5 sport utility vehicle

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

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

The Japanese giants said they plan "high value-added battery electric vehicles" and "commercialise them in conjunction with providing mobility services"

Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas, according to the Japanese outlet

Conventional internal combustion operations will be known as "Ford Blue" while EV products will be run through "Ford Model e"

The company, which made $500 million in Asia-Pacific, has stated a goal of improving its performance in China and the rest of the region

The US is concerned that low output of minerals essential to build future tech may leave it beholden to China and others that have heavily invested in mining

A total of 2.53 million vehicles were sold in the world's biggest car market rose in the first month of 2022, according to an industry group