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October 4 is a date that cannot come soon enough for European Union bureaucrats, but one the Chinese government desperately wants to avert. The EU’s 27 member states are slated to hold a crucial vote on whether to sign punitive tariffs of up to 35.3 per cent on Chinese-made electric vehicles into law for five years.

Malaysia must navigate global trade tensions carefully as it seeks to sustain competition in its electric-vehicle sector through incentives for local manufacturers and lure investment, according to its Investment, Trade and Industry Minister Tengku Zafrul Aziz.

Hozon New Energy Automobile said some aspects of its stock listing plan in Hong Kong are progressing faster than expected, aided by better market sentiment and the company’s urgency in selling more electric vehicles (EV) in overseas markets.