The law, said to be one of the world's strictest, requires public country-by-country reporting to allow the tax office to assess if genuine business operations align with locations where profits are booked and taxes paid

Despite the sales bump, though, Tesla is still close to losing its top global EV-seller crown to Chinese rival BYD

The surprise New Year payout could amount to a one-time shot to the economy of $12-20 billion if all 48 million civil servants in the public sector collected on terms some outlined

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.

The recall, announced last month, affects 22,883 EV9 electric SUVs Kia built between September 2023 and October 2024

Unlike the European Union and the United States, Norway does not impose tariffs on Chinese electric vehicles

Chinese government hackers who breached the US Treasury Department last month targeted the office that administers economic sanctions, according to a new report

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

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

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

Researchers say the TikTok owner's planned spending on computing power 'will drive progress' in China’s artificial intelligence industry