The PBOC is expected to make a modest cut in rates in the second half, but weak private sector confidence has undermined demand for loans

New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027

The Chinese electric vehicle maker said its new NEV brand symbolizes “the pursuit of the transformative rise and the exploration of digital realms”

Japan plans to spend $107 billion over the next two decades to boost the production of hydrogen fuel by six times more than planned, it said on Tuesday

The battery plant, set to built in the state of Georgia, will have an annual production capacity of 30 gigawatt-hours, enough for 300,000 EVs, the battery giants said

The Japanese auto giant’s top scientist said finite resources mean petrol-electric hybrids will be a more viable option in many countries

Global temperatures are likely to be 1.5°C above pre-industrial levels at least once over the next five years, the WMO says, and an El Niño weather pattern looks likely to occur late this year

Big Japanese brands are struggling to match their Chinese rivals, as buyers in the world's biggest market transition to cheap electric vehicles

A mining tax windfall has helped Australia nearly balance the books, but a huge test looms from 2024 tax cuts passed by the former government that will slash revenue unless amended

Analysts say the move by Chile to nationalise its lithium sector, which could potentially curb long-term supply, may be negated by growing supply from other sources

Treasury Secretary says the US seeks "constructive and fair" economic ties with China and urges cooperation on global debt crises, climate change and ending the war in Ukraine

China's expertise in chemical refining and production could see it lead a shift to rechargeable batteries that use sodium rather than lithium, a new report says