Germany’s economy minister said the country’s carmakers are “afraid” of retaliation from Beijing over potential EU duties targeting Chinese electric vehicles

The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August

The Chinese electric vehicle outfit’s president said the firm is aiming to take on European automakers on their home turf

April could see a good recovery in sales growth thanks to a low base in the corresponding period last year when China imposed strict Covid-19 lockdowns

"We are finalising negotiations with two big global car producers. We hope this new policy will make our position much stronger than before," senior cabinet minister Luhut Pandjaitan said

Nissan predicts that 55% of all cars will be 'electrified' by 2030, Green Car Reports said

"We are going to be a big catalyst in accelerating the (EV) ecosystem," Prabhjeet Singh, president of Uber India and South Asia, said.

In September, Ola said it was looking to expand into Latin America, ASEAN and European Union countries

Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers

A shortage of chips is preventing Subaru and other automakers from ramping up production following the loss of business from Covid

No financial details were disclosed on the valuation of the business on Monday, which some sources have indicated could be up to 10 billion euros

India is now the third-largest EV market in the world behind the US and China, the Business Standard said