Ford-brand sales were down in China in the first quarter and chief executive Jim Farley said the country’s domestic brands were getting it right

The plant will produce 50,000 tonnes per year of lithium iron phosphate (LFP) for cathodes, using lithium carbonate as an input

The world’s auto executives will be in Shanghai this week for the city’s auto show with Chinese car firms now enjoying unprecedented dominance

The sale is part of a series of similar moves by Berkshire, which started selling its BYD shares in late August last year

The automaker has already eclipsed Tesla in China EV sales and now looks set to overtake the country’s best-selling car brand, Volkswagen, too

China's best-selling electric vehicle brand did not give a reason for throttling back on production and it was not clear how long it would last

BYD’s Europe president said the company doesn’t “understand what happened” to the UK after its decision to exit from the European Union

While overall auto sales dropped in January-February, sales of new energy vehicles were up by more than 60%, according to industry data

The electric vehicle maker is aiming to build a facility to produce its Blade Battery, which it claims is safer than other alternatives in the market

This is the second time in a week that Berkshire Hathaway reduced its stake in the Chinese electric vehicle maker

The investment company has gradually reduced its holding in the rapidly expanding Chinese EV-maker by more than a third

Chief executive Elon Musk said the EV-maker's 2023 deliveries could hit 2 million vehicles, so long as there were no external disruptions