The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did the same in 2019.

The plunge in Tesla sales comes amid Musk’s increasing involvement in global politics and rising competition from China.

Tesla has implemented a new discount on Model 3 vehicles in China, the world’s biggest EV market, amid a worldwide demand ...

Xpeng chief executive He Xiaopeng said on Wednesday he expected the company’s annual deliveries to double this year.