The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday

The Biden administration's curbs are designed to wean the US electric vehicle battery supply chain away from China

The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies

Nio announced a similar tie-up with Changan Automobile last week as it bids to build a unified battery exchange network

The factory in the southern state of Karnataka will be the world's largest automaker's first capacity expansion in more than a decade

Stellantis and CATL have a preliminary agreement on producing lithium iron phosphate (LFP) batteries for the automaker's EVs in Europe

The auto firm’s joint venture with China's state-owned FAW Group is to reduce production by another three months

The move, proposed in a new debt-restructuring plan for offshore bondholders with about $19 billion of debt, would involve shares in its property services and new-energy-vehicle units, sources say

Demand for EVs is growing, but the scrapping of an EV partnership between GM and Honda, plus a warning from China's top battery maker suggest the transition may be slower in 2024

The automakers believed they may be able to create "affordable" EVs, built using GM's Ultium battery technology, but found that it would be difficult to achieve

The vehicle-maker also agreed a memorandum of understanding to develop and establish a hydrogen mobility ecosystem in Saudi Arabia

Greenpeace says firms like SAIC Motor and Great Wall Motor are phasing out fossil-fuel cars faster than most legacy manufacturers