Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. Cfoto | Future Publishing | Getty Images Chinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to catch up as the price war intensifies. Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting… Continue reading China’s Leapmotor and Huawei-backed Aito report record high deliveries in May as competition heats up
Author: CNBC Online news
Tesla gains 22% in May as Elon Musk ends time with Trump’s DOGE
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images Shares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in… Continue reading Tesla gains 22% in May as Elon Musk ends time with Trump’s DOGE
As EVs stumble, automakers are bringing back a kind of hybrid that promises long range
Volkswagen is planning to begin production of an EREV pickup truck and SUV under the Scout brand name starting in 2027. Volkswagen Major automakers are set to resurrect a type of hybrid vehicle that seemed dead in the U.S. just a few years ago to meet a changing consumer demand landscape. Extended-range electric vehicles (EREVs)… Continue reading As EVs stumble, automakers are bringing back a kind of hybrid that promises long range
Jeep reveals new Cherokee SUV, confirms hybrid model
2025 Jeep Cherokee SUV Stellantis DETROIT — Jeep on Thursday revealed the first details and image of its new Cherokee SUV, which the company expects to assist in the brand’s turnaround when it arrives later this year. The Stellantis brand said the new midsize SUV will feature a hybrid powertrain option but declined to specify… Continue reading Jeep reveals new Cherokee SUV, confirms hybrid model
Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk needs to spend more time at Tesla as his electric vehicle company faces a “crisis,” according to a letter on Wednesday from a group of pension fund leaders who manage investments in the company. “Tesla’s stock price volatility, declining sales, as… Continue reading Tesla investors demand Musk work 40-hour week at EV maker as ‘crisis’ builds
Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before… Continue reading Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty
Auto giant Stellantis appoints Antonio Filosa as new CEO
Stellantis North America Chief Operating Officer and former Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles on Nov. 21, 2024. Etienne Laurent | Afp | Getty Images Auto giant Stellantis on Wednesday appointed North American Chief Operating Officer… Continue reading Auto giant Stellantis appoints Antonio Filosa as new CEO
Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government… Continue reading Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
How copycat phone maker Xiaomi became a force in China’s EV market
Chinese electronics company Xiaomi became the world’s third-largest phone maker by selling devices that critics said were iPhone copycats. The company is now becoming a force in the electric vehicle market, a feat Apple never managed. Xiaomi released its much anticipated YU7 crossover on Thursday, a vehicle that some have said could be China’s first… Continue reading How copycat phone maker Xiaomi became a force in China’s EV market
Tesla’s Europe sales plunge 49% on brand damage, rising competition
A Tesla car showroom stands doused in blue paint following vandalism by activists of the group New Generation on March 31, 2025 in Berlin, Germany. Omer Messinger | Getty Images European sales of Tesla vehicles plunged in April, as the U.S. electric car maker continues to face reputational damage regionally and rising competition. Tesla sold… Continue reading Tesla’s Europe sales plunge 49% on brand damage, rising competition