Although the certification is a significant milestone, the company still has hurdles to clear before its electrical vertical take off and landing aircraft can legally fly passengers.

Foxconn is aiming to capture around 5% of the global electric vehicle market by the end of 2025 and has said it is hoping to boost its capacity to make EV chips

Tata is thought to have offered $100-150 million for the Gujarat manufacturing plant, which will be adjusted to produce electric vehicles

Tesla chief Elon Musk pours cold water on the idea his company will set up a gigafactory in India in the near future

Chinese entities may retain major involvement or even end up controlling the huge Manono lithium project proposed by Australia's AVZ Minerals once the legal fight over ownership ends, a report says

Germany's Economy ministry has refused to give guarantees to carmaker Volkswagen in relation to investments in China, because of rights concerns about operations in Xinjiang, Der Spiegel says

Tesla has applied to register its EVs, batteries and solar products for sale in Thailand, according to report which said it would be the first country in Southeast Asia where Tesla would sell its vehicles

The deal gives EV Metals the technology that Johnson Matthey developed to create a substance that increases the range and reduces the cost of EV batteries

Global carmakers are falling behind Chinese electric car companies in the world's biggest car market, with no foreign brands among the top 10 carmakers in the China EV segment this year, except for Tesla in third place.

The China Passenger Car Association (CPCA) data showed sales of passenger vehicles fell 16% from the same period a year earlier to 780,000 units

The latest drop came as an analyst lowered his price target for Tesla stocks to $800 from $1,150 over Covid-19 lockdowns in Shanghai and supply chain issues

Both companies said operations are expected to start in 2025, with an initial annual production capacity of 23 gigawatt hours, and the ability to increase to up to 40 GWh later