Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to develop its ecosystem with the imminent release of its own car. CEO and founder Lei Jun said on Chinese social media Wednesday that Xiaomi would release its car in the first half of next year. He did …
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast’s plan to deliver 50,000 vehicles this year is being called “unrealistic” by analysts. VinFast expects to deliver 40,000 to 50,000 vehicles in 2023, despite the weak …
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …
Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alcoa — Shares of the aluminum stock slipped 6.1% after the company said executive vice president William …
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Discover the companies grabbing attention prior to the market open. AstraZeneca — Shares surged 1.4% following an upgrade from Jefferies to buy from hold. …
Chinese electric vehicle manufacturer Nio has launched a new Android smartphone at an event in Shanghai. The phone is expected to be popular among Nio users, with CEO William Li stating that at least half of its user base is likely to purchase the device. Priced at around $900 to $1,000, the Nio smartphone is …
A member of the Mississippi National Guard receives a dose of the Moderna Covid-19 vaccine in his arm in Flowood, Mississippi. Rogelio V. Solis | AP Check out the companies making headlines before the bell. Moderna — Moderna shares surge over 3% in early trading following CDC’s updated recommendation of Covid vaccine boosters for all …
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012. David Paul Morris | Bloomberg | Getty Images Discover the latest trending companies during midday trading. Redwire — The space infrastructure stock skyrocketed by 14% on Wednesday after Roth …
Amazon, Qualcomm, and Samsung are just a few of the technology companies that made appearances at the IAA motor show in Munich. Their presence highlights the increasing need for traditional automakers to enhance the technology in their vehicles, both in terms of software and hardware, as they strive to keep up with Tesla in the …
A Polestar 4 electric SUV is showcased at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, China. Vcg | Visual China Group | Getty Images Introducing smartphones alongside EVs Meizu is not a major player in the Chinese smartphone market, with companies like Apple and Oppo dominating. The launch of a Polestar smartphone is …