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HONG KONG -- Chinese authorities have demanded that the electric vehicle unit of embattled property developer China Evergrande Group repay 1.9 billion yuan ($262 million) in subsidies, dealing a fresh blow to its stock.
GUANGZHOU -- Xiaomi, a new challenger in China's EV wars, plans to double its developers of driver assistance technology to 2,000 by 2025 as it seeks an edge on rivals.
DETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower than expected.
TOKYO -- Nissan Motor's goal to drive down the cost of electric vehicles is expected to hinge on a motor magnet it created using inexpensive material.
HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-making VinFast EV business, raising concerns about the group's future cash flow.
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The race to the $25,000 EV in the U.S. car market has been won, but not in the way the auto industry wanted.
HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-making VinFast EV business, raising concerns about the group's future cash flow.