Companies will co-develop Clean Earth Magnet to reduce reliance on rare-earth minerals.
Pulls out of production in China while investing in Renault’s EV unit.
Follows double-digital declines in sales of China-made vehicles.
Improved offering positioned to compete better with rival EV makers.
Move would defend against cheaper Chinese electric-vehicle imports that benefit from state subsidies.
After summer downturn, tax breaks and incentives turn the tide.
Intellectual property court scheduled to hear the lawsuit against Bingling Intelligent Technology in October.
Surpasses Asian rival on vehicle exports in Q1 after passing Germany last year.
July deliveries make two months of declines, but sales in first seven months up
Reports a 2.9% year-over-year drop in sales and the first monthly contraction since January.
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