The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally

Top decision-makers vow to boost demand for autos, electronics and adjust property policies in a timely manner, Xinhua said

Republican politicians say the Michigan factory deal with the world's largest battery maker puts Ford in a vulnerable position

"Security concerns with respect to Chinese investments in India" led officials to decline the EV-maker's proposal, a report by the Economic Times said

Officials in Tokyo fear retaliation from China over its move to restrict sales of advanced microchips, so coordination of moves is still being discussed with Washington

Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles

Chinese carmakers' exports of passenger cars to Russia in January-May 2023 rose over five-fold year-on-year to almost $3.6 billion, according to Chinese customs statistics

This will be Tata’s first gigafactory outside of India and will have the capability to produce an initial output of 40 gigawatt hours

Prospects for this year are unclear; even steady growth of 3-4% a year must seem small for a country that averaged around 7% last decade, and more than 10% in the 2000s

India is concerned that tie-ups like the one proposed by BYD are “controlled by the foreign partner” and reduce the partnering Indian company to a “dummy entity”

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres