BYD already has operations in Hungary, including an electric bus factory.

Volkswagen has some 675,800 employees worldwide.

The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings. That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made...

Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive sound, and upgraded interiors with custom upholstery and audio systems.

Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable design, end-of-life considerations, and incorporating recyclable materials, say experts.

According to the China Association of Automobile Manufacturers, electric vehicles made up 25 percent of car sales in the country in 2022, a year-on-year increase of 94 percent.

FAB's Egypt assets will operate under the new brand "FABMISR".

The firms aim to burnish their green technologies and ambitions.

The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin.