Xpeng CEO He Xiaopeng speaks to reporters at the electric carmaker’s stand at the IAA auto show in Munich, Germany on September 8, 2025. Arjun Kharpal | CNBC Xpeng plans to launch its mass-market Mona brand in overseas markets next year in a move that will boost competition with its Chinese rivals and established automakers… Continue reading Chinese EV maker Xpeng eyes global launch of mass-market Mona brand in 2026
Author: CNBC Online news
Volkswagen targets dominance in Europe with affordable EV push
The Volkswagen ID.CROSS Concept is on stage during a press conference before the start of the International Motor Show (IAA Mobility). The IAA Mobility 2025 will take place in Munich from September 9-14, 2025. Picture Alliance | Picture Alliance | Getty Images The chief executive of Volkswagen says the German auto giant is pushing to… Continue reading Volkswagen targets dominance in Europe with affordable EV push
Tesla’s nearly $1 trillion new pay plan for Musk would expand his voting power
watch now Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday. The total package is worth about $975 billion based on the maximum payout, assuming share count remains. The proposed plan for Musk, already the world’s wealthiest individual, consists of 12 tranches… Continue reading Tesla’s nearly $1 trillion new pay plan for Musk would expand his voting power
BMW doubles down on software and brand value to take on Tesla, Chinese EV rivals
Oliver Zipse, Chairman of the Board of Management of BMW, presents the BMW iX3 on stage at the world premiere before the start of the International Motor Show (IAA Mobility) as the first model in BMW’s “New Class”. Picture Alliance | Picture Alliance | Getty Images German auto giant BMW is doubling down on its… Continue reading BMW doubles down on software and brand value to take on Tesla, Chinese EV rivals
Waymo to begin testing at San Jose airport this fall
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet’s Waymo unit will begin test-driving robotaxis at its first California-based airport, the company said Thursday. The autonomous car unit has been cleared to begin testing driverless rides at the San Jose Mineta International Airport in San Jose, California, this… Continue reading Waymo to begin testing at San Jose airport this fall
As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV
watch now Ford’s redesigned three-row Expedition SUV is seeing explosive growth. The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It’s sold 61,022 of the vehicles so far this year, a 13.1% increase from the same… Continue reading As consumers rush to get EVs, Ford sees a bright spot with a big, gas-powered SUV
Luxury carmaker Porsche to drop out of Germany’s DAX index as U.S. tariffs bite
The Porsche brand logo as lettering can be seen on the rear of a vehicle from the sports car manufacturer Porsche in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Porsche will soon drop out of Germany’s blue-chip DAX index following a protracted share price slump, as… Continue reading Luxury carmaker Porsche to drop out of Germany’s DAX index as U.S. tariffs bite
Waymo starts testing in Denver, Seattle in bid to expand robotaxi service across U.S.
Waymo partners with Uber to bring robotaxi service to Atlanta and Austin. Uber Technologies Inc. Alphabet’s Waymo unit will begin test drives of its robotaxis in Denver and Seattle this week, with humans behind the wheel, the company said Tuesday. “We will begin driving manually before validating our technology and operations for fully autonomous services… Continue reading Waymo starts testing in Denver, Seattle in bid to expand robotaxi service across U.S.
Musk looks past Tesla sales slump, says 80% of value will come from Optimus
A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tesla CEO Elon Musk predicted that Optimus robots, which have… Continue reading Musk looks past Tesla sales slump, says 80% of value will come from Optimus
EVs are giving Cadillac a shot at luxury leadership
Cadillac’s surging electric vehicle sales are a bright spot for a brand that has spent decades trying to recapture the prestige it lost to foreign rivals. “We’re building the best Cadillacs we’ve ever built,” said John Roth, vice president of global for Cadillac. U.S. sales for Cadillac, a General Motors brand, have been up for… Continue reading EVs are giving Cadillac a shot at luxury leadership