XPeng has been dealing with rising material costs, which forced the company to hike the price of its cars earlier this year. Chen Yihang | Visual China Group | Getty Images Chinese electric carmaker XPeng posted a wider than expected loss and its revenue fell short of expectations — thanks to supply chain issues, rising… Continue reading China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
Author: CNBC Online news
Tesla is still dominant, but its U.S. market share is eroding as cheaper EVs arrive
A Tesla Model 3 vehicle is on display at the Tesla auto store on September 22, 2022 in Santa Monica, California. Tesla is recalling over 1 million vehicles in the U.S. because the windows can pinch a persons fingers while being rolled up. Allison Dinner | Getty Images Tesla is still the top-selling electric vehicle… Continue reading Tesla is still dominant, but its U.S. market share is eroding as cheaper EVs arrive
Shares of Lordstown Motors rise as company begins electric truck deliveries
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Electric truck startup Lordstown Motors said Tuesday it began shipping its pickup truck to customers after receiving final regulatory approval to sell the vehicle in the United… Continue reading Shares of Lordstown Motors rise as company begins electric truck deliveries
Chinese Tesla rival Nio and giant Tencent partner to work on self-driving tech
Nio is trying to stand out from a wave of Chinese electric vehicle competitors through its technology. The company is hoping its partnership with Tencent can help it boost its tech prowess in areas from mapping to autonomous driving. Anadolu Agency | Getty Images Chinese electric vehicle maker Nio and tech giant Tencent agreed to… Continue reading Chinese Tesla rival Nio and giant Tencent partner to work on self-driving tech
Your next Domino’s delivery may arrive in a GM Chevy Bolt as pizza chain pushes EVs nationally
Domino’s will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. Domino’s Domino’s Pizza will be rolling out a fleet of 2023 Chevy Bolt electric vehicles, 800 of the GM EVs in total across the U.S. in the coming months, as it looks to not only… Continue reading Your next Domino’s delivery may arrive in a GM Chevy Bolt as pizza chain pushes EVs nationally
Tesla recalls more than 80,000 cars in China over software and seatbelt issues
Tesla is recalling more than 80,000 cars in China. Investors will be watching to see if there will be any reputational damaged to the U.S. giant. Future Publishing | Future Publishing | Getty Images Tesla is recalling more than 80,000 cars in China over software and seatbelt issues, the Chinese market regulator said Friday. The… Continue reading Tesla recalls more than 80,000 cars in China over software and seatbelt issues
Renault wants to use water from depths of 4,000 meters to supply heat to an old production plant
A Renault logo photographed in Bavaria, Germany. The French automotive giant says it’s targeting carbon neutrality in Europe by 2040 and globally by 2050. Igor Golovniov/Sopa Images | Lightrocket | Getty Images The Renault Group is working with French utility Engie on the development of a geothermal energy project at the automaker’s Douai facility, with… Continue reading Renault wants to use water from depths of 4,000 meters to supply heat to an old production plant
Tesla shares rise on Citi upgrade, Elon Musk talk of a new factory in Asia
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla shares jumped almost 8% on Wednesday after hitting a 52-week low a day earlier. The rally followed an upgrade by analysts at Citi and an indication from Tesla CEO Elon Musk that… Continue reading Tesla shares rise on Citi upgrade, Elon Musk talk of a new factory in Asia
Black Friday car deals are hard to come by even as prices ease. Here’s what to expect
Newsday Llc | Newsday | Getty Images There was a time when Black Friday in the car-selling business meant a flurry of big sales events at dealerships whose lots were full of new vehicles. These days, with inventory still squeezed from supply chain disruptions, discounts are not as generous as they once were. And most… Continue reading Black Friday car deals are hard to come by even as prices ease. Here’s what to expect
Russia relaunches Soviet-era Moskvich car brand using a former Renault plant
The relaunch of Moskvich vehicles comes as Russia strives for a self-sufficient economy as the country’s finances continue to be choked by sanctions and other ramifications of its invasion of Ukraine. Future Publishing / Contributor / Getty Images Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory, according… Continue reading Russia relaunches Soviet-era Moskvich car brand using a former Renault plant