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CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
The Nvidia headquarters in Santa Clara, California, in November 2024. David Paul Morris | Bloomberg | 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 know, no matter where they are. Like what you see? You can […]
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The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters BEIJING — Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to […]
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Want to invest in China’s hot EV market? The pros share their take
China’s hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. “China’s EV market is the largest in the world and also delivers fast growth,” Vincent Sun, senior equity analyst at Morningstar said. Sun — who spoke to CNBC Pro on Nov. 1 — remains […]
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China tells carmakers to pause investment in EU countries backing EV tariffs, Reuters reports
Members of the press and the general public check out the Atto 3 electric SUV made by Chinese carmaker BYD, at the Fully Charged Live electric vehicle trade show in Farnborough, Britain, April 28, 2023. Nick Carey | Reuters China has told its automakers to halt big investment in European countries that support extra tariffs on […]
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China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production […]
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Chinese EV brands Li Auto and Zeekr report record deliveries for September
A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. Tingshu Wang | Reuters BEIJING — Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data […]
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Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion
People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they […]
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Tesla’s Chinese rival Nio cuts price for new Onvo-branded car
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng HEFEI, China — There’s yet another Chinese electric car aiming to undercut Tesla, with a steeper discount. Onvo, the lower-priced brand launched by premium electric car company Nio, announced its first car, the […]
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BYD sales hit a record in August despite broader China EV slowdown
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Chinese electric car giant BYD sold a record number of passenger vehicles in August, with sales of hybrids growing faster than those of […]
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