Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William…
Chinese EV makers continue aggressive push into Europe under growing threat of tariffs
BYD Seal U electric car at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. Leonhard Simon | Getty Images News | Getty Images PARIS — Chinese electric carmakers are expanding into Europe even as…
Musk makes surprise visit to Beijing as Tesla’s China-made cars pass data security rules
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023….
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company’s IPO. Photo: NYSE Like many early entrants to China’s electric car market, U.S.-listed Nio targeted the premium market when it launched about…
China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla‘s Model 3 on…
Tesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed…