Contemporary Amperex Technology Co. Ltd., or CATL, controls more than a third of the global market for EV batteries and is seeking to expand overseas even as it faces political obstacles in the United States.

The car you drive years in the future might run off a battery being invented in a lab today. Companies in China and the United States are racing to perfect and scale up next-generation technologies.

Average EV discounts in China climbed to 16.8 percent last month, continuing upward trend. Only BYD, Li Auto, and Seres are currently profitable among China’s many EV makers. Expanding exports has become a key strategy for Chinese EV brands seeking higher margins.

China's electric vehicle giant BYD said on Wednesday it sold 213,325 vehicles with smart assisted driving features in April, accounting for almost half of its total sales of such vehicles as of end-April.

Asian equities had a poor start to the week, as Moody’s US debt rating cut weighed on risk sentiment, as Mainland China and Indonesia managed gains, while Taiwan and South Korea underperformed, as the US dollar fell versus most regional indices.

The intellectual concept was done by the great people in the great country of the United States of America — not in China,' Texas professor says.

Only a handful of models, such as the Dacia Spring or Leapmotor's T03, are on sale in Europe for under 20,000 euros, although 11 new models priced under 25,000 euros will go on sale this year, including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster.

SACRAMENTO, the United States -- California Governor Gavin Newsom and state officials launched a fierce counterattack on Thursday after the US Senate voted to kill the state's groundbreaking plan to phase out gasoline-powered cars by 2035, promising immediate legal action against an illegal congressional maneuver.

How has CATL become one of the world's fastest-growing firms?