Geely’s SEA architecture for cars allows vehicles of different sizes to be manufactured at the same factory. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Zeekr said Monday it delivered a record number of vehicles in June, making its deliveries for the first half of the year the largest among U.S.-listed Chinese companies … Read more
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor expects to introduce a $30,000 all-electric vehicle that will be profitable in roughly two and a half years, CEO Jim Farley said Friday during the Aspen Ideas Festival. Farley did … Read more
A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex in Guangzhou, Guangdong Province of China, on Nov. 17, 2023. Vcg | Visual China Group | Getty Images Chinese automakers are expected to continue to rapidly expand outside of their home … Read more
Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan Province, China. China Photos | Getty Images DETROIT – The traditional Detroit automakers – General Motors, Ford Motor and Stellantis – should exit the Chinese … Read more
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official … Read more
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China’s biggest electric vehicle maker. Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares … Read more
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty Images Automotive companies in China sold more cars than their U.S. counterparts for the first time last year, boosted by BYD and growth in emerging markets, researcher Jato Dynamics said in a report published Thursday. … Read more
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese electric vehicle makers mostly surged on Thursday morning after the European Union announced higher tariffs of up … Read more
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Dec. 14, 2023, in New York City. 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 … Read more
