Xpeng Inc
Tesla sells record high number of China-made vehicles in June
A driver in PPE moves a new Tesla passenger car from Shanghai off a ro-ro ship in the port in Yantai in east China’s Shandong province Monday, April 25, 2022. Tang Ke | Feature China | Getty Images Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, […]
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Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
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Chinese automaker Nio reports record EV sales in June as Covid wave fades, but it still lags XPeng and Li Auto
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions. Its total deliveries of 12,961 […]
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Stocks making the biggest moves premarket: Kohl’s, Micron, Apple and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and financial environment presented significant obstacles to concluding a deal. […]
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BYD is selling so many electric cars it’s become one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three […]
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Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market, they’re betting heavily on assisted driving technology. China sold nearly 21.5 million passenger cars last year. That’s roughly the equivalent of sales in […]
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Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state media anchor. Yuan Jingzhi | Visual China Group | Getty Images Shares of electric vehicle […]
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Ford CEO expects to see industry consolidation as the costs of transition to electric vehicles rise
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley expects the auto industry’s ongoing transition to electric vehicles to force major consolidation […]
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Stocks making the biggest moves premarket: Capri Holdings, Salesforce, Weibo and others
Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The parent of luxury brands, like Michael Kors, Versace and Jimmy Choo, saw its stock surge 11% in the premarket after posting better-than-expected quarterly numbers before giving back nearly all those gains. Capri earned an adjusted $1.02 per share, 20 cents above […]
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Chinese automaker Nio reports May EV sales constrained by Covid as rivals XPeng and Li Auto gain ground
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but well below its current production capacity, as Covid-related disruptions continued to limit the company’s manufacturing and its ability to […]
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