Japanese automobile manufacturer Mitsubishi Motors has officially announced that it has pulled out of the Chinese market following a steep decline in sales.

Chinese automobile manufacturer NIO Incorporated has confirmed that it has decided to trim down the prices of its by more than $4,000 across the board to boost sales.

India and China have emerged as main buyers for Russian crude oil after European Union put a ban on import of Russian oil.

BYD Limited, a publicly listed Chinese company headquartered in the Shenzhen area of Guangdong, enjoyed an impressive jump of around 100 per cent in its plug-in car sales in April 2023.

The GWM Ora Lightning Cat, an all-electric car produced by Chinese automobile manufacturer Great Wall Motor's Ora EV brand, will enter the UK market in the first quarter of 2024.

Japanese multinational automotive manufacturer Toyota Motor Corporation has announced that it received more than five thousand orders for the all-electric bZ3 sedan in China on the very first day o