The company will assemble cars in the city of Iracemápolis in São Paulo state at a factory owned by Mercedes-Benz until August last year 

They will increase the number of common platforms for EVs to five from four, and by 2030 plan to have a combined EV line-up of 35 vehicles

Boosting business in China, the world's biggest car market, is one area analysts want addressed by chief executive Carlos Tavares

The upbeat outlook came after the world's most valuable automaker posted record quarterly revenue that beat Wall Street expectations

The carmaker's biggest growth for the second consecutive year was in China, where sales rose 40% to 4,033 units, while Asia-Pacific sales rose 37%

BP in 2019 bought a 49% stake in more than 1,400 petrol pumps and 31 aviation turbine fuel stations owned by Reliance for $1 billion

Jidu, an electric vehicle (EV) joint venture between Baidu and Geely, said it would deliver its mass-produced "robot" EVs in 2023

Construction of supporting infrastructure to charge and replace batteries, store energy, and refuel hydrogen cells will also be strengthened

Japanese carmaker says SES planned to list on the New York Stock Exchange via Ivanhoe Capital Acquisition Corporation in a SPAC deal

China became the world’s largest automotive manufacturer and seller for the 13th year in a row and the largest car market in the world

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