Lucid Group CEO says the company is diversifying its chip suppliers to reduce the risk of supply disruptions as covid lockdowns continue to shutter China's factories.

The official jobless rate hit 5.8% in March, a near two-year high, as strict Covid lockdowns hammer the economy.

Export growth slows to near two-year low as lockdowns hit local demand and close factories that make goods for export.

Korean conglomerate in talks to expand EV capacity as it seeks to tap into growing demand driven by US policy

Internal memo outlines plans to add more shifts to boost production to pre-lockdown levels even as suppliers struggle to provide parts.

The steep sales decline was caused by swingeing lockdowns that shuttered production sites and sales outlets.

Alternative fuel plant would produce up to 1 million tons of fuel ammonia per year for use as shipping fuel and in coal-fired power plants.

More than 80 cities have sought to boost demand, with subsidies, smaller down payments, mortgage rate cuts and relaxed purchase rules.

Nations also call for end to war in Ukraine, agree change in status quo by force will not be recognized - in Ukraine or South China Sea.

Shuttered since mid-March, the plant will resume operations as the city eases covid restrictions.

Head of Russia's foreign ministry's first Asia department tells news agency Interfax Russia-China trade target could be hit even sooner.

Improved profitability comes on the back of shrinking bad debts.