The EV plant - a joint venture (JV) with Guangzhou Automobile Group - aims to start operation in 2024 with an annual production capacity of 120,000 units

Ban comes just weeks after Chengdu police diverted Tesla cars away from numerous parts of the city during Xi visit.

Tianqi's listing on the Hong Kong Stock Exchange could become the bourse's biggest initial public offering this year

The Texas-based company blamed the increases on higher production and materials costs. Tesla car prices were last increased in March.

The company’s country manager in Singapore and its senior representative in India have both left, according to current and former employees

Honda, like rival Toyota, has been slow to shift to EVs and is under pressure from investors to make cars that are carbon-free and equipped with self-driving technology

Warren Buffett-backed BYD is growing EV sales at such a furious pace that it also is closing on FAW-Volkswagen to become the largest automaker of any type in the country.

A video posted online showed a Huawei store in Ordos, Inner Mongolia, ablaze. Witnesses said an Aito M5 displayed in the store was burned to its chassis

Two US senators raised alarms about the high number of Tesla crashes. "We worry that some drivers today are using the technology as a convenience feature," they wrote

The fundraising comes amid increasing volatility in global financial markets roiled partly by concerns about China's economic growth

Toyota was once a darling of environmentalists, but has more recently drawn criticism over its apparent reluctance to phase out petrol-powered cars

"The disruption ... on the international economic order; and the chance to grow would be much, much (more) significant than this one," chief trade negotiator John Deng said