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Chinese Tesla rival Xpeng wants to sell half of its cars overseas

He Xiaopeng is the CEO of Xpeng and stands alongside the electric P7 sedan, as he speaks to media on the 2020 Beijing automobile show. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up XpengVice president and Chairman Brian Gu stated Wednesday that the company plans to be a global automaker with 50% of […]

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Best Buy, Zoom Video, Urban Outfitters and more

Here are some top movers of the premarket. Best Buy (BBY) – The electronics retailer’s shares tumbled 10.4% in the premarket, after it forecast holiday season comparable sales largely below Wall Street forecasts as it faces possible product shortages. Best Buy posted a quarter-over-quarter beat in top and bottom line numbers, but a profit margin […]

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Elon Musk says Tesla Model S Plaid may launch in China in March

Elon Musk, Tesla Motors’ CEO, speaks to media beside its Model S. South China Morning Post | South China Morning Post | Getty Images TeslaElon Musk, the CEO, has stated that Model S Plaid vehicles may launch in China next spring. Musk responded to a Twitter question late Sunday night asking when China will get […]

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Xpeng G9 SUV launch: features and details

At the Guangzhou automobile show, Friday November 19, 2021, Xpeng presented the G9 utility sports vehicle. This is Xpeng’s fourth model production and the second SUV. Xpeng GUANGZHOU, China — XpengAs competition for China’s new vehicle market intensifies, Friday saw the unveiling of a brand new electric utility vehicle. The G9 represents Xpeng’s fourth production […]

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Batteries are the ‘new oil’ says Morgan Stanley — Here are stocks for every part of the supply chain

On Tuesday, July 20, 2020, the Albemarle Corp. Lithium Mine in Calama (Antifagasta Region, Chile) will have brine pools. Getty Images| Bloomberg | Getty Images According to Morgan Stanley, the global battery economy will transform supply chains and establish a new industrial order. Much of the attention surrounding electric vehicles focuses on the car companies […]

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Xpeng shares spike as the Chinese EV maker teases new SUV

Xpeng intends to introduce a brand new sport utility vehicle in its G-line of cars. It will be launched on November 19. A silhouette of the vehicle was shown by the company. Xpeng Inc. GUANGZHOU, China — Chinese electric carmaker XpengOn Friday, the teaser for a brand new utility vehicle appeared. It is expected to […]

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Chinese consumers pick favorite electric cars from China, US, Germany

Stephan Wollenstein (CEO of Volkswagen China) presents the ID.6 Crozz electric vehicle at the Shanghai International Automobile Industry Exhibition, April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYDAccording to Bernstein’s survey, it was 8%. Elon […]

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Here are the top U.S.-listed Chinese EV stocks — ranked from first to third

Nio intends to start deliveries of its ET7 sedan electric in 2022. Evelyn Cheng | CNBC Bernstein is finally out with stock ratings on three U.S.-listed Chinese electric car start-ups — because the firm thinks consumers are ready to buy the cars en masse. Eunice Lee, a Bernstein analyst wrote that “Purchase intentions for domestic […]

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Harley-Davidson, Spotify, Trivago and more

Check out these premarket movers: Harley-Davidson (HOG) – The motorcycle maker’s shares soared 9It is.4% in the premarket after the U.S. and the European Union ended a dispute involving steel and aluminum tariffs. Harley might have had to pay European tariffs for 56%, if there was no resolution. Spotify (SPOT) – The music streaming service’s […]

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Chinese electric carmaker Nio sees deliveries drop in October

On November 20, 2020, a Nio ES6 automobile will be displayed at Guangzhou International Automobile Exhibition. Visual China Group | Getty Images GUANGZHOU, China — Nio’sThe Chinese manufacturer of electric vehicles saw its deliveries to customers drop sharply in October due to supply chain problems and modifications to manufacturing lines. Pre-market trade Monday saw the […]