HEFEI, CHINA – MAY 25: Chinese EV maker Nio officially launches refreshed versions of its ET5 sedan on May 25, 2025 in Hefei, Anhui Province of China. Nio officially launched the updated ET5 sedan and ET5T wagon, with an unchanged starting price but bringing multiple feature upgrades. (Photo by Zhang Dagang/VCG via Getty Images) Vcg… Continue reading China’s EV maker deliveries rebound, buoyed by cheaper new models
Author: CNBC Online news
BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival… Continue reading BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Here’s how to get the $7,500 EV tax credit — even after the Sept. 30 deadline
Sinology | Moment | Getty Images A federal tax break for consumers who buy or lease electric vehicles will disappear after Sept. 30. However, consumers may have a little bit of wiggle room on that time frame, according to a new document released by the Internal Revenue Service. The tax credits, worth up to $7,500,… Continue reading Here’s how to get the $7,500 EV tax credit — even after the Sept. 30 deadline
Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit
Dillon Angulo, 33, looks at a roadside memorial sign reading “Drive Safely In Memory Naibel Benavidez” next to the site of a car crash where a Tesla driver using Autopilot killed her, and left him catastrophically injured in 2019, on Aug. 12, 2025, in Key Largo, Florida. Eva Marie Uzcategui | The Washington Post |… Continue reading Tesla asks for $243 million verdict to be tossed in fatal Autopilot crash suit
Tesla FSD turns off more U.S. consumers than it attracts, survey finds
Elon Musk reacts during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk’s fervent promotion of Tesla‘s self-driving technology isn’t doing much to win over prospective buyers. According to a new survey, more U.S. consumers say that… Continue reading Tesla FSD turns off more U.S. consumers than it attracts, survey finds
Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw… Continue reading Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
How China’s electric vehicle juggernaut is reshaping the global car market
Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world… Continue reading How China’s electric vehicle juggernaut is reshaping the global car market
Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause
watch now Uncertainty around tariffs has caused even the wealthiest buyers of Lamborghini supercars to hold off on their purchases, CEO Stephan Winkelmann told CNBC. While the White House recently announced an agreement with Europe on a 15% tariff rate, that rate hasn’t yet taken effect for cars. Lamborghini and other European automakers are still… Continue reading Lamborghini CEO says tariffs are causing even the wealthiest buyers to pause
German autos sector slashes jobs as economic woes bite
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany. Florian Wiegand | Getty Images News | Getty Images A perfect storm of industry and economic challenges have weighed on Germany’s autos sector, which has shed tens of thousands of jobs over a one-year stretch to the… Continue reading German autos sector slashes jobs as economic woes bite
Nissan shares fall over 6% as Mercedes-Benz plans to shed its stake in Japanese automaker
A brand new Nissan car is displayed on the sales lot at Golden State Nissan on March 26, 2025 in Colma, California. Justin Sullivan | Getty Images Nissan Motor shares tumbled on Tuesday after Mercedes-Benz announced plans to offload its 3.8% holding in the Japanese automaker. Tokyo-listed shares of Nissan declined as much as 6.7%… Continue reading Nissan shares fall over 6% as Mercedes-Benz plans to shed its stake in Japanese automaker