The acquisitions would give BYD access to more than 25 million tonnes of lithium oxide, which is used in the cathodes of EV batteries

The standard is higher than the previous 28.8% set in 2020, according to the National Development and Reform Commission (NDRC)

Guangzhou-based XPeng has run double-shift, 24-hour production since mid-May to clear its order backlog.

He Xiaopeng, the CEO of one of Tesla's biggest local rivals, says China is still at least ten years away from being a true global leader.

In a tweet, Musk said employees unwilling to comply with office work "should pretend to work somewhere else."

Data from 100 cities indicated that overall home prices rose 0.03%, compared with a 0.02% gain in April, according to survey data from China Index Academy

The 25 million residents endured two months of frustration, mental stress and economic loss, as China went against the global consensus that Covid cannot be decisively defeated

B&M’s capital investment in LG Chem’s Gumi EV batteries cathode production plant will result in a 49% stake in the JV, with the remaining 51% to be held by LG Chem.

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia, surveys showed

That is a sign of a reversal of fortunes across China’s wider economy, which is grappling with lockdowns in Shanghai and other cities and a long-running property crisis

New facility near coastal city Shanghai will represent the company's biggest electronics investment in China to date.

The Chinese government faces a shortfall in revenue of about 6 trillion yuan ($895 billion) and is likely to increase its debt load to make up the funding gap, a report by CNBC said