Chinese Tesla rival Nio cuts 10% of workforce
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric …
NIO Inc
How the EV market has changed since Covid
Nissan Motor Co. CEO Makoto Uchida speaks next to the Nissan Hyper Force electric vehicle during the Japan Mobility Show at Tokyo Big Sight in Tokyo, Japan on October 25, …
The Fed keeps rates, markets celebrate
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on November 01, 2023 at the Federal Reserve in Washington, DC. Kevin …
Chinese EV startups Xpeng, Li Auto deliver record cars in October
Xpeng reveals its G6 SUV at a major auto show in Shanghai on April 18, 2023. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car companies …
Chinese smartphone company Xiaomi releases HyperOS as it plans car
The Xiaomi HyperOS logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating …
Stellantis to invest $1.6 billion in Chinese EV start-up Leapmotor
Chinese EV maker Leapmotor launched its first car for the international markets called the C10. Arjun Kharpal | CNBC Stellantis on Thursday said it will invest 1.5 billion euros ($1.58 …
AR glasses look to challenge Meta and Apple
Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal Chinese augmented reality …
The U.S. is trying to restrict Chinese AI. What that means for stocks.
The artificial intelligence behind ChatGPT-like products and autonomous driving is driving enormous demand for Nvidia’s chips in China. In the past week, however, analysts cut their Nvidia price targets after …
Chinese EV stocks fall after Tesla’s disappointing Q3 results
SHANGHAI, CHINA – APRIL 18: A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) …
Nio’s $35,000 Losses On Every Car Sold Are Bankrolled By Government Subsidies
Electric cars are expensive to buy, but that doesn’t stop automakers from losing thousands on each one they sell. And while most startups find themselves scrounging for cash to cover …