The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

Unspectacular earnings reports from Tesla and Netflix dampened the mood on trading floors with chip giant TSMC’s downbeat forecast adding to the gloom

Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles

A Wall Street tech slide dragged on Tokyo’s benchmark index while elsewhere investors weren’t wowed by Beijing's plans to boost its economy

Hong Kong felt the force of a selling storm after closing for Typhoon Talim on Monday with investors unnerved by China’s growth outlook

The world’s No2 economy grew at a slower pace than hoped in the last quarter, intensifying the call for more support from Beijing

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

The high-profile criminal case against Choi, an award-winning engineer, highlights Seoul's efforts to crack down on industrial espionage

China's faster transition to electric vehicles has helped carmakers such as BYD and Great Wall Motor establish a foothold in a sector that Japanese automakers have long dominated

The country’s domestic brands, like BYD, Nio and Xpeng Motors, are now taking on and beating established global names such as VW and Toyota at home