The moves followed reports that South Korea's Star Group Industrial, which supplies magnets to VinFast and Hyundai, is investing $80 million in a new factory in Vietnam

The cash-burning company is currently worth $35 billion, down from $85 billion in its Wall Street debut, that valued the carmaker twice as much as Ford and General Motors

Chinese brands such as BYD, Nio and SAIC's MG, which have raced past foreign rivals to top sales rankings at home, will have to overcome a new set of challenges to thrive in Europe

The Uyghur Forced Labor Prevention Act has focused mainly on solar panels and cotton goods but now EV products and parts are being scrutinised

The firm says it expects to begin mass production of the new battery – called Shenxing – by the end of the year

The automaker remains far behind its sales targets and faces tough competition in an industry where an increasing number of players are burning cash and facing an intense price war

China’s leading carmaker urged its domestic rivals to unite and establish world-class brands in a patriotic global push

The automaker is also planning to develop an EV charging infrastructure and double its sales network, aiming to claim a 10% market share

The Korean automakers said electronic controllers for the Idle Stop & Go oil pump assembly may contain damaged electrical components

Sandwiched between Russia and China, Mongolia has cultivated allies – like the US – in a bid reinforce its independence, but its economy relies heavily on its giant neighbours

Some of the biggest rare-earth companies outside of China are facing challenges in refining elements for the green energy transition

India and Thailand are contenders for production sites for a small electric vehicle made by Foxconn's Mobility in Harmony, CEO Jack Cheng said