A BYD Co. Seal electric sedan during the media day for the Munich Motor Show (IAA) in Munich, Germany, on Monday, Sept. 4, 2023. Bloomberg | Bloomberg | Getty Images Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard. Kames spoke… Continue reading Chinese EVs are now seen posing a ‘real threat’ to Europe’s auto industry
Author: CNBC Online news
Tesla rival Polestar plans own smartphone launch alongside its first electric SUV in China
A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images MUNICH — Swedish electric vehicle maker Polestar plans to launch a smartphone in December alongside deliveries… Continue reading Tesla rival Polestar plans own smartphone launch alongside its first electric SUV in China
Here’s how a union strike could impact Ford — and what Jim Cramer thinks about the stock
High-stakes negotiations between the United Auto Workers and Detroit automakers could lead to a strike later this month, putting added pressure on already beaten-down shares of Ford Motor (F). The risk of a walkout by the union has also created near-term uncertainty for General Motors (GM) and Stellantis (STLA) — the Dutch owner of the… Continue reading Here’s how a union strike could impact Ford — and what Jim Cramer thinks about the stock
BMW to use Amazon cloud technology to build its autonomous driving features for new EVs
BMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars. Arjun Kharpal | CNBC MUNICH — BMW will build its semi-autonomous driver assistance system on Amazon’s cloud computing technology, the two companies said Tuesday. The German automaker’s next-generation advanced driver assistance system, or ADAS, will feature… Continue reading BMW to use Amazon cloud technology to build its autonomous driving features for new EVs
Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC Munich, GERMANY — The IAA in Munich, Germany is one of Europe’s most high-profile auto shows. And it was dominated by Chinese electric car firms… Continue reading Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
Mercedes and BMW want to take on Tesla. Check out their new electric concept cars
The Mercedes-Benz Concept CLA Class was unveiled at IAA Mobility 2023 in Munich, Germany. The platform will underpin the German automaker’s push into electric cars. Mercedes-Benz Mercedes-Benz and BMW took the wraps off electric concept cars as they look to catch up with Tesla in the premium end of the market. At the IAA auto… Continue reading Mercedes and BMW want to take on Tesla. Check out their new electric concept cars
‘We are ready to engage’: Europe’s biggest carmakers brace for China’s EV challenge
BMW CEO Oliver Zipse speaks during the presentation of the new BMW “New Class” during an event ahead of the IAA motor show in Munich. Picture Alliance | Picture Alliance | Getty Images Europe’s biggest car manufacturers are wary of the competitive threat posed by new Chinese companies, as the automobile industry moves towards electrification,… Continue reading ‘We are ready to engage’: Europe’s biggest carmakers brace for China’s EV challenge
Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance
Pictured here is a Nio pop-up store in Shanghai, China, on Aug. 4, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese electric car companies Nio, Xpeng and Li Auto delivered enough vehicles in August to keep pace with their third quarter guidance. That’s according to announcements from the three companies, which are all… Continue reading Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance
BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
BMW took the wraps of the Vision Neue Klasse electric vehicle at the IAA motor show in Munich, Germany. It underpins BMW’s big push into electric vehicles. BMW MUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and… Continue reading BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
Mercedes to release a smaller version of its G Class luxury SUV
The Mercedes-Benz G Class is a luxury SUV that has become popular in the U.S. Scott Olson | Getty Images News | Getty Images Mercedes plans to launch a smaller version of its high-end G Class sports utility vehicle, the German carmaker’s CEO told CNBC in an interview Sunday. The G Class, a rugged off-road… Continue reading Mercedes to release a smaller version of its G Class luxury SUV