U.S. carmaker Tesla, on May 23, started building a new factory in Shanghai to produce its Megapack energy storage batteries, a project which is expected to start mass production in early 2025.
Tesla, led by Elon Musk, exceeded expectations by delivering 466,140 cars globally, while BYD, China's leading car brand, achieved its best-ever quarter with 700,244 fully electric and plug-in hybrid vehicle sales.
Construction work for the new Megapack plant in China is expected to begin later this year, with battery production due to get underway by the summer of 2024.
At least 36 people died and dozens were injured after a passenger train carrying hundreds of people collided head-on with a freight train in northern Greece.
Tesla on Thursday announced that it would recall nearly 363,000 US vehicles with its "Full Self-Driving" (FSD) software which did not sufficiently adhere to traffic safety rules and could cause crashes.
