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

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

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

Representatives from Ford's German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

The Vietnamese EV-maker hopes to compete with existing automakers in the US by offering two models, the VF8 and VF9, with starting prices of $59,000 and $83,000

Warren Buffett-backed BYD took the lead among Chinese electric-car makers, with a 152.5% increase in EV deliveries

Firms from Hyundai Motor to BYD are set to focus on electric cars, while Maruti Suzuki and Toyota Motor are expected to also showcase hybrid and hydrogen fuel-cell vehicles

Rival Chinese electric vehicle maker BYD and the budget-EV joint venture of General Motors in China both outsold the US carmaker

The Afeela EV demonstrates how automakers are increasingly focussing on the in-car cockpit experience, which presents greater monetisation opportunities

Zhu's title of Greater China VP remains unchanged and he continues to hold the position of the US electric vehicle-maker's most senior executive for sales in the rest of Asia