More than $16 billion will go toward its EV businesses, such as plants and charging stations. Seoul automaker will target annual sales of 1.8m vehicles

Last month, Faraday said it had identified certain inaccurate statements made by its employees to investors and announced changes in its leadership structure

Rivian, in which Amazon holds a 20% stake, said the starting price of its R1T electric pickup truck has jumped by about 17% and its R1S sport utility vehicles by about 20%

Toyota Motor will shut its plants in Japan on Tuesday after Kojima, a major supplier of parts, was hit by a suspected cyberattack

The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city - but not raise capital or issue new shares

The government recently approved a package of incentives, including subsidies, to promote usage and production of electric vehicles in Thailand

The Japanese market for the technology is forecast to expand to about 700 billion yen ($6 billion) in 2030, the report added, citing PwC Consulting

The company aims to launch its first electric SUV, the XUV 400, in the first half of the next fiscal year.

Demand for neodymium and praseodymium, some of the most important minerals that Lynas mines, has soared in recent years as countries and companies try to tackle climate change

The Securities and Exchange Commission reportedly launched its probe after Kimbal Musk sold $108 million in Tesla stock last year

Tesla plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars, sources claim

The company, which made $500 million in Asia-Pacific, has stated a goal of improving its performance in China and the rest of the region