Four companies - automakers Nio and Geely, battery swap developer Aulton and state-owned oil producer Sinopec - plan to set up 24,000 swap stations by 2025, up from about 1,400 now

Battery swapping - replacing a depleted battery with a freshly charged one - is not new. Here is a timeline of key events in the development of battery swapping

Prices are going up at SpaceX, The Wall Street Journal reported, with its Starlink user kit for clients with deposits already in increasing to $549 from $499

GameStop Corp surged 14.5% on Wednesday and AMC Entertainment Holdings ended the session up 13.6%

Flush with cash from recent, record-breaking IPO, LG plans investments across the US to expand EV battery production.

The latest outbreak is tiny by global standards but authorities are proceeding with the testing campaign that has seen many people locked in residential compounds for days

Carmakers have responded to surging lithium prices by switching to lithium ferro-phosphate batteries, which China is best placed to supply worldwide, says Credit Suisse

The brisk business underscored how South Korean conglomerates are investing heavily in battery materials to make up ground lost to Chinese competitors

The latest wave of Covid-19, driven by the more contagious Omicron virus, has resulted in more than 20,000 infections all over the country

Financial hub reported a record daily surge in local Covid-19 infections on Monday as authorities scrambled to test residents and rein in the Omicron variant

The two deaths happened in China's northeastern region of Jilin that borders North Korea and Russia, where case numbers make up over two thirds of total domestic infections

Dubbed 'closed-loop management', the factory bubbles approach has been part of Beijing's efforts over the past two years to keep local transmission low by global standards