AUTOMOTIVE NEWS CHINA

The plant, BMW's third car assembly facility in China, will increase the automaker's annual output in the key market to 830,000 vehicles from 700,000 last year.

The “Qilin” battery, set to launch next year, has an energy density of up to 255 watt-hour per kilogram, and is safer and more durable than existing cells, CATL said while introducing it this week.

Central government weighs extending exemptions by about 200 billion yuan ($30 billion), state television reported, citing a State Council meeting chaired by Premier Li Keqiang.

U.S. automaker aims to boost factory's output to a new record high by the end of July to get closer to a goal of producing 22,000 EVs per week in Shanghai, Reuters reported.