Newly launched BYD Seal is displayed during the launch of the Chinese-made BYD brand in Jakarta, on January 18, 2024, and at the same time introduced 2 other types of battery-powered vehicles (EV, electric vehicle) that will be sold in Indonesia, with an investment of 1.3 billion US dollars. (Photo by BAY ISMOYO / AFP)… Continue reading China says innovations, not subsidies, are powering EV edge as Yellen raises ‘overcapacity’ concerns
Author: CNBC Online news
How car buyers thinking hybrid over EV should make the decision
A range of new and growing options exist on the car dealer lot when it comes to hybrid and electric vehicles, but if you’ve been following the headlines lately, decisions made by major automakers reflect a market tilting more hybrid than EV. Ford just announced it’s delaying an EV pickup and in the short-term focusing… Continue reading How car buyers thinking hybrid over EV should make the decision
Good news is good news for the market — finally. Also, a recently struggling stock may be a buy
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Go to Source
Hyundai’s Genesis brand is a dark horse in U.S. luxury vehicle market
Michael Wayland / CNBC NEW YORK — When Hyundai Motor launched its Genesis luxury brand domestically in 2016, many were skeptical the South Korean automaker — recognized mainly for budget vehicles at the time — knew what it was doing. Among the skeptics were auto industry veterans Randy Parker and Claudia Marquez. Both were working… Continue reading Hyundai’s Genesis brand is a dark horse in U.S. luxury vehicle market
China’s Nio to expand battery swap services to gain an edge on EV infrastructure
Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Since November, Nio… Continue reading China’s Nio to expand battery swap services to gain an edge on EV infrastructure
Poor resale values of EVs threaten adoption, warn some experts
Drivers charge their Teslas in Fountain Valley, California, on March 20, 2024. Jeff Gritchen | Medianews Group | Getty Images A car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That’s becoming a major barrier to wider adoption, according to some… Continue reading Poor resale values of EVs threaten adoption, warn some experts
We’re seeing another late-day stock market selloff. Here’s what we think is going on
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Go to Source
Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters DETROIT – Ford Motor is delaying production of a new all-electric large SUV and pickup truck, as it shifts to offer hybrid options across its… Continue reading Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
Why hybrid sales surge as EV sales flatten
After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. EV sales have slowed in the U.S., according to car website and data tracker Edmunds, with the time it takes for… Continue reading Why hybrid sales surge as EV sales flatten
China’s BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford
BYD teased its upcoming electric pickup truck which the Chinese auto giant said it would launch in 2024. BYD BYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla. The midsize-to-large pickup truck has been developed for the global… Continue reading China’s BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford