Xiaomi co-founder and CEO, Lei Jun, believes his newly launched electric sedan is a direct competitor of Tesla — both in price and capabilities

The Japanese automaker now plans for hybrids and fully electric cars to make up 60% of its sales by the end of the decade

The world’s two biggest EV-makers have been locked in a drawn-out and brutal price war in China since the beginning of last year

Reports of BYD’s plans to expand production in Mexico spurred speculation that the EV giant was looking for a way into the US car market

The smartphone giant’s chief Lei Jun said the company was aiming to become 'one of the world's top five automakers'

The Biden administration's curbs are designed to wean the US electric vehicle battery supply chain away from China

The automaker said it expects the car to touch an electronically limited top speed of 260.7 kmph but did not reveal an estimate on the range offered

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

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

The Vietnamese company is gearing up to expand in the United States, where it hopes to compete with existing automakers

The fund is likely to be set up with technical assistance from the US Agency for International Development (USAID)

The launch comes after Hyundai announced plans to build EV plants both at home and the US, where the Ioniq 5 and Kia's EV 6 SUV together became the second-best selling EVs