China's finance ministry said the VAT export rebates for battery products would be cut to 6% from 9% from April, then rolled back entirely from January 1, 2027.
Videos on social media show cars and buildings ablaze as riots rage in several cities; dozens have died and the regime looks vulnerable amid a dire economic crisis and strikes last year by Israel and the US
A three-month curb on Chinese exports of rare earths, like that seen during 2010, could cost Japanese businesses 660 billion yen ($4.21 billion)
Hyundai expects humanoid robots to become the largest segment of physical AI market and plans to build a factory capable of manufacturing 30,000 robot units annually by 2028
US President Donald Trump, who is keen to end the war in Ukraine, warns he can raise tariffs further if India doesn't cut its purchases of oil from Russia; trade deal with Delhi yet to be finalised.
BYD’s sales abroad rose to a record 1.05 million units in 2025, a 150% jump from 2024, but its sales at home grew at its weakest pace in five years
Chinese President Xi Jinping says 'trend toward reunification is unstoppable' in New Year address; Taiwanese coast guard monitoring remaining warships.
Strict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.
The reason isn't just rising temperatures or battery quality but a lack of thermal-based safety precautions. The EV batteries are getting heated beyond 100 degrees, experts claim.
Tesla employees have returned to work at the giant’s Covid-hit Shanghai plant, and they aim to restart production with 1,000 cars a day after a stoppage of more than three weeks.
Hozon New Energy Automobile, an eight-year-old Zhejiang-based electric vehicle maker, startled industry watchers with growing sales of its affordable, spacious SUVs.