Shares in BYD plummeted by close to 12% on Tuesday amid speculation that US billionaire investor Warren Buffett may sell shares in China's top electric vehicle producer.

Ganfeng shares tumbled after it announced its move to buy Argentina's Lithea, in a bid to assert its leadership in battery production for electric vehicles

The South Korean automaker plans to invest 63 trillion won ($48.07 billion) in South Korea through till 2025

Sixteen automakers including overseas giants such as Tesla and VW recorded monthly deliveries of more 10,000 in China last month

Battery makers for electric vehicles are studying ways to create smaller and cheaper batteries to bring down prices, as batteries are currently the most expensive items in EVs.

The Indian automaker is also exploring a tie-up with Volkswagen to source EV components such as batteries and motors.

Tesla's ties to Chinese government officials were a key factor in its production recovery from crippling Covid-related lockdowns, Nikkei Asia reported

BII, the British government's development finance institution, will have a 4.8% ownership in the business, which will focus on four-wheel passenger EVs.

The Warren Buffett-backed auto firm’s rise underscores China’s growing prowess in electric vehicle manufacturing and renewable energy, the FT said....

The Hengchi 5 has debuted in a flashy videotaped event, as president Liu Yongzhong said: "[We] are striving to become a globally recognised national automobile brand."

The ministry also unveiled measures to encourage trade-ins of older vehicles and support the second-hand market

Silk-FAW, based in Jilin province, plans to develop and produce high-performance electric cars in China and Italy