Autos
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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Ford stock on pace for worst day in more than 11 years after cost warning
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s stock is on pace for its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford were […]
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GM to sell up to 175,000 electric vehicles to Hertz through 2027
2024 Chevrolet Blazer SS EV GM General Motors has agreed to sell up to 175,000 electric vehicles to Hertz Global over the next five years, the companies announced Tuesday. The deal calls for GM to start supplying electric vehicles such as the Chevrolet Bolt EV and Bolt EUV to the rental car giant starting the […]
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Tesla weighs reset for China retail method even as income boom
Tesla is reevaluating the way it sells electrical vehicles in China, its 2nd-major industry, and thinking about closing some showrooms in flashy malls in metropolitan areas like Beijing where visitors plunged all through Covid restrictions, two persons with know-how of the ideas said. The change would place extra emphasis on retailers in significantly less-highly-priced suburban […]
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Chinese EV maker Xpeng launches rival to Tesla’s semi-autonomous driving procedure
Xpeng released a element that lets its autos to semi-autonomously navigate city environments, marking its most recent obstacle to U.S. electric car big Tesla. The Chinese commence-up introduced Monday that it was piloting a characteristic known as City NGP, which stands for navigation guided pilot. Xpeng statements that City NGP will allow the motor vehicle to […]
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Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, primarily high-margin trucks […]
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Stocks making the biggest moves after hours: Ford, General Motors, Cognex
A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Images Here are the stocks making notable moves in extended trading: Ford — Shares fell about 3.8% post market Monday after the automaker told investors it […]
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Volkswagen shares up marginally on Porsche’s 70-75 billion euro valuation
A Porsche AG Taycan Turbo S electrical auto at the luxury automaker’s improvement middle in Weissach, Germany, on June 21, 2021. Andreas Gebert | Bloomberg | Getty Photographs Volkswagen shares rose marginally on Monday immediately after the carmaker said it was concentrating on a valuation of up to 75 billion euros ($74.84 billion) for sportscar model […]
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