The Shanghai Megapack facility, completed in December, is projected to produce about 10,000 Megapack units a year – 40 GWh of annual capacity.

China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable

Climate experts have warned that continued investments in fossil fuels will create the risk of assets worth $557 trillion being left useless by 2050

Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says

Iran is facing a major energy crisis which has forced many businesses to shut down and schools to go online, a new report says

China is seen as a coercive neighbour that 'weaponizes' water projects to the detriment of neighbouring states. India and Bangladesh regard the Brahmaputra as a vital resource, but China refuses to abide by UN transboundary river rules

Top-selling Japanese carmaker will produce its luxury car brand Lexus at a new plant in Shanghai, Nikkei business daily says

MNRE official says renewable energy projects will soon have to include storage capacity for 10% of their power output, as they do in China

PM says Vietnam will start work on a high-speed rail link from Haiphong port to China, while the southern business hub Ho Chi Minh opens its first metro line

The Modi government is looking to offer tariffs cuts on farm and other imports from the US in a bid to clinch a broader trade and investment deal once Trump takes office