Autos
China’s CATL, a Tesla provider, considers growing battery swapping enterprise abroad
CATL is the world’s largest electric auto battery maker and provider to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Photographs | Lightrocket | Getty Photos The world’s most significant electric car battery maker CATL is evaluating whether or not to expand its battery swapping business to worldwide marketplaces, a senior executive explained […]
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Qualcomm’s first auto investor day offers signs the industry is embracing its tech platform
We think Qualcomm delivered with its first-ever automotive investor day. Source
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Ford to restructure supply chain following $1 billion in unexpected quarterly costs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier […]
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Xpeng breaks out of a lower selling price range with its most high priced auto to day
Xpeng has announced its most high priced auto to date. Pictured right here at a retail outlet in Shanghai, China, on July 2021 are two of Xpeng’s beforehand introduced versions, a P7 Wing Restricted Version in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Pictures BEIJING — Chinese electric powered […]
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Marvell CEO tells Jim Cramer: We’re doing much better than our stock price suggests
Marvell’s Matt Murphy suggests Wall Street has recently misjudged both the Club holding’s present performance and future prospects. Source
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GM to close reservations for electric Hummer pickup, SUV after topping 90,000
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors will close reservations for its electric […]
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Car buyers pay 10% above the sticker price, on average — or more if you want a Jeep or Porsche
Forget getting a deal; these days, anyone in the market for a new car could pay thousands over the sticker price before they drive off the lot. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up 10% from a year ago, according to […]
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Xpeng suggests its future SUV could become the company’s new most effective-promoting car
Key Details “We assume the quantity of G9 upcoming year will exceed what we have obtained for P7, which makes it a person of our top rated-marketing autos,” Xpeng President Brian Gu instructed CNBC’s Eunice Yoon this week. The organization formally introduced its G9 SUV on Wednesday. The P7 was Xpeng’s initial sedan, released in […]
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Want to play the EV sector? This lithium stock has jumped over 40% this year — and analysts say it could soar 70% more
Interest in battery stocks is starting to pick up once again, after a tough year so far. The Global X Lithium & Battery Tech ETF is down around 12% year-to-date, as growth stocks got battered in the higher-interest-rates-for-longer investing environment. However, the ETF’s fortunes could be turning; it’s gained 2.7% over the last three months. […]
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Tesla Megapack battery caught fireplace at PG&E substation in California
A Tesla Megapack in Moss Landing, California Andrew Evers | CNBC At the very least one particular Tesla Megapack caught fire early Tuesday early morning at the electricity storage facility operated by utility PG&E in Monterey, California. As of late Tuesday early morning, there ended up no power outages for PG&E clients, nor any accidents […]
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