Xpeng Inc
CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | 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 […]
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Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans
Spectators are looking at BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla‘s earnings fell short of analysts’ […]
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Asia markets are mixed as traders assess Japan, Aussie business activity data and U.S. tech earnings
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Japan’s Nikkei 225 dropped 0.19%, while the broad-based Topix was down 0.35%. Flash data from the au Jibun Bank showed that the country’s business activity returned to growth. Japan’s composite […]
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Stocks making the biggest moves midday: Ryanair, CrowdStrike, IQVIA Holdings and more
Check out the companies making headlines in midday trading: Ryanair — Shares fell 16% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . The company said its quarterly profit after tax had fallen 46% and that it expects fares to be lower than expected in the summer months. CrowdStrike — The cybersecurity stock plunged […]
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Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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Stocks making the biggest moves midday: Macy’s, MicroStrategy, Coinbase, Nvidia and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. It is only the second downgrade of Nvidia […]
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China-built EVs strike with EU tariffs Nio says it could have to increase charges in Europe
The European Union on Thursday confirmed its final decision to hike tariffs on electric powered autos imported from China — with a single automaker issuing fresh warnings that it may have to raise rates as a end result. The European Commission, the government arm of the European Union, declared strategies for these types of levies […]
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Chinese EV providers Zeekr and Nio report record deliveries in June
Geely’s SEA architecture for vehicles allows automobiles of distinctive sizes to be created at the very same factory. CNBC | Evelyn Cheng BEIJING — Chinese electric powered car or truck company Zeekr mentioned Monday it delivered a report variety of motor vehicles in June, earning its deliveries for the first fifty percent of the calendar […]
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Chinese electrical car firm Nio to enter Middle East this year amid global expansion by peers
Critical Points Chinese EV firm Nio designs to increase to the Center East this calendar year, CEO William Li explained on an earnings call Thursday, including that deliveries of its most affordable-priced brand name will begin in the initially 50 percent of upcoming calendar year. The U.S.-listed Chinese enterprise strategies to get started providing its […]
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Chinese EV makers continue intense drive into Europe under escalating menace of tariffs
BYD Seal U electrical automobile at the IAA Mobility 2023 worldwide motor clearly show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Photographs News | Getty Photographs PARIS — Chinese electrical carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of significant tariffs on cars from the […]
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