Xpeng Inc
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China. Tesla Tesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals. The Model Y will start at 263,500 Chinese yuan ($35,935), with deliveries set to begin […]
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CNBC Daily Open: The AI peak hasn’t crested yet
The Nvidia headquarters in Santa Clara, California, U.S., on Tuesday, Nov. 19, 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 […]
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Stocks making the biggest moves premarket: FuboTV, American Airlines, Nvidia, Microsoft and more
Check out the companies making headlines before the bell. American Airlines – Shares gained more than 4% after TD Cowen upgraded the airline to a buy from a hold rating and lifted its price target to a Wall Street high. The new target implies roughly 47% upside from Friday’s close. FuboTV – The streaming provider […]
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Volkswagen and Xpeng to build super-fast charging network in China for EVs
Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024. Bloomberg | Bloomberg | Getty Images Shares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership in electric vehicle charging stations in China. The German automaker and […]
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Stocks making the biggest moves premarket: Nvidia, Synaptics, Cloudflare, Topgolf Callaway Brands and more
Check out the companies making headlines in premarket trading. Synaptics — The semiconductor company climbed 5.9% after announcing a partnership with Google on Edge AI. Through the collaboration, Google’s machine learning core will be integrated on Synaptics’ Astra hardware. Nvidia — Shares of the chip maker popped 1.7%, marking a positive start to the new […]
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China’s electric car boom is increasingly more about hybrids
A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market […]
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AI breakthroughs are speeding up the development of humanoid robots, but investors are still skeptical
Investors on the hunt for real-world applications of artificial intelligence may want to consider humanoid robots, which some analysts predict could begin replacing human workers at scale by the end of the decade. “Breakthroughs in generative AI are bringing 3D perception, control, skill planning and intelligence to robots,” Rev Lebaredian, Nvidia’s vice president of omniverse […]
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand […]
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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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