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

Federal tax subsidies that serve as a major incentive to buy EVs in the US may soon run out.

Officials at the US National Highway Traffic Safety Administration are expanding their probe into Tesla's automated driving feature, Fortune reports

Tesla also said Oracle co-founder Larry Ellison, a friend of chief executive Elon Musk, will not stand for re-election to the electric vehicle manufacturer's board

May sales in China of NEVs rose 49.6% month-on-month despite a 12% fall in overall car purchases, as officials rolled out stimulus to support a market hit by the country's Covid-19 lockdowns.

The EV maker has set a target of 71,000 cars at its Shanghai plant for June. Added with 44,301 units produced in April and May, that would be about a third less than its first-quarter output

The company cancelled the three events for positions in sales, research and development and its supply chain that were originally scheduled for June 16, 23 and 30, respectively

The dispute started last August when the DRC government announced it had formed a commission to reassess the reserves and resources at the mine

Online hiring event for "smart manufacturing" roles proceeds, company posts two dozen new open positions in China.

The car, which doesn't have door handles and can be controlled by voice recognition, was launched at an online press conference held on Baidu's metaverse-themed app Xirang