The companies, which have set up a 50/50 joint venture, said they will invest $4.33 billion in a factory in Zaragoza. They expect to start making batteries by the end of 2026.

The country's top EV maker has gained a greater share of the global auto market and now looks poised to top its 4-million worldwide sales target – and overtake Ford and Honda

Exports of plug-in hybrids and conventional hybrids accounted for 18% of China's total vehicle sales to Europe. That was double their 9% share in the first quarter.

US carmaker says it will record non-cash charges of more than $5 billion on its joint venture with SAIC in China, one for the rejig of operations, and another on its reduced value

Malaysian trade minister says he has told many Chinese businesses not to invest in the country if they only want to rebadge their products there to avoid US tariffs

The national government has approved a 1,500km rail link from Hanoi in the north to Ho Chi Minh City in the south, which is tipped to start in 2027 and be completed by 2035

Critics said a handful of oil producers fought efforts at UN talks in Korea to cut plastic production and were only willing to act on plastic waste

Steelmakers from South Korea, India, Japan and China were among the biggest laggards in the shift to renewables, with some still depending entirely on fossil fuels for production

But the world’s second-largest economy still needs to navigate major challenges to meet its overall climate goals — the biggest being a booming demand for power

The Russian central bank moved on Thursday to stop foreign buying of the ruble in the domestic market after the currency slipped to its lowest since March 2022

New president says Indonesia plans to build 75 GW of renewable power by 2040, and analysts say the goal seems unlikely as the country has over 250 coal power plants

India's plan to shift from coal to clean energy is being slowed by a shortage of skilled manpower, plus doubts by states' power distribution firms and a lack of infrastructure to handle with the transition