Shaoqing Ren, vice president, autonomous driving development, at Nio speaks about the electric company’s 5nm chip at its tech day in Shanghai on July 27, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech… Continue reading China’s electric car race is becoming more about chip prowess as companies focus on tech
Author: CNBC Online news
Ford joins list of companies walking back DEI policies
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives. The automaker has taken… Continue reading Ford joins list of companies walking back DEI policies
Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
He Xiaopeng, founder of Chinese EV company Xpeng, said on Aug. 27 that the startup’s next ten years will focus on integrating artificial intelligence. CNBC | Evelyn Cheng BEIJING — Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting as low as $16,812, far… Continue reading Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
Xpeng releases mass-market EV with basic driver-assist for less than $20,000
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the… Continue reading Xpeng releases mass-market EV with basic driver-assist for less than $20,000
Volkswagen China is spending lots of time at Xpeng to make new EVs
Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu… Continue reading Volkswagen China is spending lots of time at Xpeng to make new EVs
Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition
Canada’s Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023. Blair Gable | Reuters Canada said on Monday it would impose 100% import tariffs on China-made electric vehicles, following in the footsteps of the U.S. and the European Union in slapping… Continue reading Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition
CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know,… Continue reading CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know,… Continue reading CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to… Continue reading Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
How China became the leading car supplier to Mexico and what it means for the U.S.
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a “backdoor” to the U.S. market. Last year, China was the leading car supplier to Mexico,… Continue reading How China became the leading car supplier to Mexico and what it means for the U.S.