New energy vehicles, which include pure electric and plug-in hybrids, could account for one third of the overall passenger vehicle sales in China in 2023, the VW executive said

Several Tesla owners in Shanghai also said they felt misled by Tesla sales staff who told them they would face higher prices in the new year

Tesla saw demand for its electric vehicles skyrocket in China after it announced major price cuts on January 6, according to local media and company PR

Rate hikes by central banks, plus Russia's war in Ukraine are causing a major economic slowdown that will hit emerging markets hard, the bank says. It forecast global growth of just 1.7% this year

Chinese display maker tipped to invest at least $400 million in two plants in northern Vietnam, sources say

Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects

Thousands of young workers clashed with police on Saturday during a protest to demand wages after they were laid off without pay by the heads of a Covid test-kit factory in southwest China

Defence officials from Japan and the US will discuss agreements at a top-level meeting in Washington on Wednesday on key defence issues related to the Indo-Pacific and outer space

Tesla has chosen to lower prices and take some additional downtime at the Shanghai factory to bring supply and demand back in balance

China makes retaliatory strike against South Korea and Japan over their 'discriminatory' entry restrictions on people from the mainland, amid global concern about huge Covid outbreak

CEO Albert Bourla said the group was discussing the price for Pfizer's branded product Paxlovid, not a licence to produce a generic version of its medicine for use there

Buffet’s Berkshire Hathaway also traded $80.7 million worth of Hong-Kong listed shares in the Chinese automaker in November