Lenders in China require documents to be stamped but lockdowns during the recent Covid-19 surge mean customers and staff have not been able to meet

The Chinese company sold its stake to Canadian investors during VerSe's fundraising round last month, the report said

Local governments will need to issue another $210bn in special bonds this month if they want to meet the cabinet's half-year goal

WM Motor's IPO document does not reveal the size of the deal but a listing would move WM founder Freeman Shen closer to his dream of mass-producing affordable EVs

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.