Author: CNBC Online news

Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion

Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It… Continue reading Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion

Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs

2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in… Continue reading Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs

Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment

2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and costs related to disbanding its autonomous vehicle unit Argo AI. Still, the automaker was able to narrowly beat Wall Street’s subdued expectations for the period and guided… Continue reading Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment

South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says

Hyundai executives and government officials break ground on the automaker’s new “Metaplant America” in Bryan County, Georgia, on Tues., Oct. 25, 2022. CNBC | Michael Wayland SAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to… Continue reading South Korea, U.S. in ‘intense conversation’ over EV tax credits, ambassador says

Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment

2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. Ford expects the new design of the 2023 Escape, in combination with additional convenience and safety technologies, to help… Continue reading Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment

France enters ‘white gold’ rush as top producer aims to supply Europe with lithium

A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium extraction project that it’s hoped will help meet demand and secure… Continue reading France enters ‘white gold’ rush as top producer aims to supply Europe with lithium

General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’

watch now DETROIT – General Motors easily beat Wall Street’s earnings expectations during the third quarter, while signaling caution and confirming its full-year results are likely to come in near the “midpoint” of its previously announced forecast. The Detroit automaker on Tuesday stressed that demand for its products remains strong despite outside economic concerns and… Continue reading General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’

Nio, BYD and other Chinese EV stocks fell sharply amid sell-off

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Shares of Li Auto ended the… Continue reading Nio, BYD and other Chinese EV stocks fell sharply amid sell-off

Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla

Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off… Continue reading Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla