A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023. Bloomberg | Getty Images Shares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business. Renault said Monday … Read more
The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng BEIJING — Hot competition in China’s electric car market is pushing local automakers to sell … Read more
Volkswagen’s ID.7 is set for release in Europe and China in the fall of 2023, and in North America in 2024. CNBC | Evelyn Cheng BEIJING — Chinese brands are taking the lead in the country’s rapid shift to new energy vehicles, putting Volkswagen on track for its smallest year of China sales since 2012, … Read more
A man with a face mask walks past the logo of Foxconn, or Hon Hai Group , which is Taiwans technology giant and the worlds leading producer of semiconductors or chips particularly for Apples devices, amid COVID-19 outbreak , in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty Images Apple iPhone … Read more
[The stream is slated to start at 10:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] CNBC’s Joumanna Bercetche is moderating a panel at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. Titled, “Reform Priorities for Tackling Debt,” the seminar will include Kristalina Georgieva, … Read more
Peter Carlsson, chief executive officer of Northvolt AB, speaks during a news conference in Montreal, Quebec, Canada, on Thursday, Sept. 28. 2023. Bloomberg | Bloomberg | Getty Images The U.S. Inflation Reduction Act has driven Swedish battery maker Northvolt to announce for a factory in Canada earlier than originally expected, in a concrete example of how Biden’s policy … Read more
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe’s outcome, the head of trade for the European bloc’s executive branch said Tuesday. About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. The probe focuses … Read more
A XPeng Inc. G6 electrical sport utility car (SUV). Qilai Shen | Bloomberg | Getty Photos Xpeng expects value cuts and its Volkswagen partnership to slim the agency’s losses, the Chinese language EV maker advised CNBC in an unique interview on Monday. On Friday, the agency logged its greatest quarterly loss since its U.S. itemizing … Read more
BANGKOK, THAILAND – 2023/05/18: VinFast shows its automobiles at Future Power Asia Exhibition 2023 at Queen Sirikit Nationwide Conference Heart. Nathalie Jamois | Lightrocket | Getty Photos VinFast’s shares jumped after its U.S. buying and selling debut, vaulting its whole market worth previous a number of the world’s largest automakers corresponding to Ford, GM, BMW … Read more
Akio Toyoda, Chairman of Toyota Motor Corp. Yoshikazu Tsuno | Gamma-rapho | Getty Photographs DETROIT – Toyota Motor’s inventory is having its finest week since 2009 following the corporate disclosing plans for its next-generation electrical autos and shareholders voting in favor of its new management, together with former CEO Akio Toyoda as chairman. Shares of Toyota … Read more