State-owned investment firms Shanghai Guosheng Capital, Jinggangshan Investment and the investment arm of Ping An Insurance Group were the investors
He said that without the Chinese market - which accounted for 3.3 million VW sales last year, including its electric ID.4 model - inflation would explode
GM struck a deal in early 2020 to sell the plant in Pune to Great Wall, with the Chinese SUV-maker expected to pay up to $300 million as part of a plan to invest $1 billion in India
Musk previously said that vehicles Starlink was expected to be used with were aircraft, ships, large trucks and recreation vehicles such as motorhomes
The shipbuilder Austal now expects its fiscal 2022 operating income to be higher than the previously forecast A$107 million ($74 million) as a result of the US contract.
Two BYD customers said they and others questioned why BYD had instructed dealers to replace batteries in their cars which were not subject to the recall
China's space programme has denied claims that it was caused by a Long March 3 rocket that launched the country’s Chang’e-5 mission in October 2014, although the orbit matches
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.
Supply-chain disruptions, rocketing inputs costs, and the partial removal of government subsidies for China EV manufacturers have driven a stock market selloff