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 A$76 million ($52 million) investment would make Stellantis the company's second-largest investor with an 8% holding

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

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.

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

The acquisitions would give BYD access to more than 25 million tonnes of lithium oxide, which is used in the cathodes 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

Recall affects vehicles already recalled and repaired under previous National Highway Transportation Safety Board notice.

New plant will be the Korean auto making giant's first integrated battery and electric vehicle facility, able to produce some 300,000 EVs annually.

With carmakers investing in EVs, parts suppliers are also diversifying their business towards new and clean technologies and moving away from petrol-reliant supply chains

The figures, showing the biggest monthly drop in more than two years, coincide with the prolonged Covid lockdown in Shanghai and many other cities