Electric Vehicles

The move follows the Vingroup unit’s plan to build an EV factory in North Carolina.

Supplies of nickel and lithium have failed to keep pace with growing demand.

Nio, Xpeng, and Li Auto have laid the foundation for major automakers to launch new electric vehicles.

Shipments jumped 160% with EU-bound EVs growing fivefold to 230,000.

The Chinese carmaker is on a hiring spree to fill the ranks of its smartphone division.

The EV maker posted robust sales despite a series of negative publicity in the country.

With the new funding rounds, Swiggy will sharpen the focus on quick commerce, while Ola Electric will ramp up the production of its two-wheeler EVs.

As the world’s largest auto market, the trajectory of China’s EV sector may offer insights for other parts of the world.