The Latest Breaking News from Shanghai

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

Brazilian President Luiz Inácio Lula da Silva is in the Chinese financial hub of Shanghai as he looks to boost ties with his country's biggest trade partner

BYD's Seagull EV is a potential growth driver. Nio, XPeng, Polestar, VW also revealed new electric vehicle models.

Just five floats so far this year raise puny £81m

Making its world premiere in Shanghai, the Polestar 4 combines the aerodynamics of a coupe with the space of an SUV in a package enhanced by modern technology.

Shenzhen Component Index finished nearly flat

Tesla stock fell Monday after the EV giant's latest price cuts, putting more focus on gross margins. Tesla will build a Megapack factory in China.

After building an electric vehicle factory in Shanghai in 2019, the US company has signed an agreement to build another plant in the city, this time to make large-scale energy storage units known as "megapacks". With the agreement, Elon Musk's company is doubling down on its China investments, amid increasing…

Shenzhen Component Index closed down 0.8%

Tesla plans to initially produce 10,000 Megapack units a year at the factory.

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.