Michael H | Digitalvision | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. U.S. markets rose, expecting inflation to moderate further. They… Continue reading CNBC Daily Open: U.S. markets rose, but might be surprised by January’s consumer price index
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Ford to move forward with $3.5 billion EV battery plant with Chinese company
watch now DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between Ford and Contemporary Amperex Technology Co., or CATL, follows Virginia Gov. Glenn Youngkin saying… Continue reading Ford to move forward with $3.5 billion EV battery plant with Chinese company
Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Taylor, Vice President, NYSE Listings and Services, rings The Opening Bell®. NYSE Lidar makers Ouster and Velodyne said on Monday that they have… Continue reading Lidar makers Ouster and Velodyne complete their merger, creating a sector powerhouse
Chinese EV brand Zeekr is now worth more than Xpeng
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr… Continue reading Chinese EV brand Zeekr is now worth more than Xpeng
Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
Ram’s 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. Screenshot DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. The commercial,… Continue reading Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
Why you won’t see many car ads during Sunday’s Super Bowl
General Motors and Netflix partnered for a 60-second ad starring actor and comedian Will Ferrell driving GM electric vehicles in popular Netflix shows and movies to promote the streaming service using more EVs in its productions. Screenshot Automakers — historically among the largest Super Bowl advertisers — are mostly bypassing this Sunday’s NFL championship game… Continue reading Why you won’t see many car ads during Sunday’s Super Bowl
Jeep reveals its most expensive Wrangler SUV ever, topping $115,000
Rubicon 20th Anniversary Level II by American Expedition Vehicles (AEV) upfit for 2023 Jeep Wrangler Rubicon 392 Jeep CHICAGO – Jeep on Thursday revealed its most expensive Wrangler SUV ever, topping more than $115,000. The limited-edition vehicle is the 2023 Wrangler Rubicon 392 20th Anniversary with heavy-duty off-road parts customization from upfitter American Expedition Vehicles.… Continue reading Jeep reveals its most expensive Wrangler SUV ever, topping $115,000
Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. The… Continue reading Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday. The deal, which they’re… Continue reading General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
NTSB finds no evidence Tesla Autopilot used in fatal 2021 Texas crash
A driver uses the map navigation feature on a touchscreen control panel just prior to the Tesla Motors Inc. 8.0 software update inside a Model S P90D vehicle in New York, U.S., on Monday, Sept. 19, 2016. Christopher Goodney | Bloomberg | Getty Images The National Transportation Safety Board has concluded an investigation into a… Continue reading NTSB finds no evidence Tesla Autopilot used in fatal 2021 Texas crash