CNBC Online news – Page 99 – I wish I had more to offer

A compact crossover is coming for America’s pickup trucks. Here are the top-selling cars of 2023

2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis‘ Ram pickup truck last year, a near-No. 3 ranking that… Continue reading A compact crossover is coming for America’s pickup trucks. Here are the top-selling cars of 2023

China’s Xpeng claims its latest EV model could be an industry ‘game changer’

watch now Chinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a “game changer” for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. The X9 series are priced between 359,800 yuan to 419,800 yuan… Continue reading China’s Xpeng claims its latest EV model could be an industry ‘game changer’

CNBC Daily Open: Don’t read too much into market losses so far

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need… Continue reading CNBC Daily Open: Don’t read too much into market losses so far

Robosense shares fall on debut in first Hong Kong IPO of 2024

watch now Shares of Alibaba-backed Robosense Technology fell 2% on its Friday debut in the first new listing on the Hong Kong stock exchange this year. Robosense, a Chinese developer of laser imaging, detection and ranging (LiDAR) sensors for self-driving cars, announced January that it had raised HK$985.12 million ($126.14 million) in its IPO by… Continue reading Robosense shares fall on debut in first Hong Kong IPO of 2024

Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown — here’s how

Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very… Continue reading Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown — here’s how

BYD’s five best-selling cars, including one edging out Tesla’s Model Y in China

BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part to the Chinese automaker’s hybrids and wide range of offerings in… Continue reading BYD’s five best-selling cars, including one edging out Tesla’s Model Y in China

Mobileye shares plunge after chipmaker warns of order pullback

Mobileye signage is displayed during the company’s initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of… Continue reading Mobileye shares plunge after chipmaker warns of order pullback

2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company… Continue reading Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019