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View all search resultsThe Chinese investor has cited weak global demand and shifting market dynamics as reasons for the cutback, which comes on the heels of LG's announced withdrawal from a broad EVB supply chain project for similar reasons.
Federal prosecutors in Brazil are weighing possible criminal action after labor inspectors found 163 Chinese workers "in slave-like conditions" at the construction site in the northeast state of Bahia, a government statement said.
The Industry Ministry has hinted at possibly expanding exemptions from the luxury sales tax and VAT to non-EVs in a bid to bolster the lagging car industry, though the announcement was short on details about the potential incentive.
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