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Tesla's Shanghai plant is grappling with elevated inventory levels amid slowing demand in China's auto market.

Investment in the Hungarian auto industry is being dominated by three countries - Germany, a champion carmaker, plus China and South Korea, EV battery leaders way ahead of European rivals.

Under the partnership, the two companies will push to speed up the addition of gig workers on green mobility platforms for last-mile delivery services.

The lawmakers were critical of the Federal Communications Commission (FCC), which in 2020 shifted much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices.

A person familiar with the situation told Reuters that the Economy Ministry would contact Foxconn on Monday to confirm the equity sale.

Indonesia targets 20% of overall car sales in 2025 to be EVs

The E-Luna will be based on Kinetic’s original Luna moped that was first launched in India over half a century ago.

China's BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan. 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen ($32,735.66).