France’s decision — which follows an EU investigation into Chinese state subsidies for EV production — is aimed at reducing the country’s carbon footprint through imports, an official said

China's Ministry of Commerce said Europe's anti-subsidy investigation would have a negative impact on China-EU economic and trade relations, as local carmakers' shares slid on Thursday

EC move follows concern over the flood of Chinese electric vehicles into Europe amid fear that Beijing's subsidies for car and battery makers are a threat to the continent's production of EVs

Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms

Among major backers of the chip designer is smartphone giant Xiaomi, which won approval last month from China's state planner to manufacture electric vehicles

The launch of the new Model 3 version marks the first time the automaker has rolled out a vehicle in China ahead of the United States; it will go on show in Munich in coming days

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen

The deals follow the introduction of the US's Inflation Reduction Act, designed to wean the US off the Chinese supply chain for electric vehicles

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres