Two Chinese startups, the largest in the production of electric cars, announced that the new passenger cars they had launched last week would go on sale in 2019. The Chinese authorities have introduced subsidies to support sales of electric vehicles in the country, which they plan to abandon by 2020. According to CNBC, in less than 2 years before, Chinese startups Nio and Xpeng released new electric cars. Prices excluding subsidies for the ES6 car of the first company are set at 400,000 yuan less than the price of Tesla electric cars and start at 358,000 yuan. Prices for the G3 car of the second company start at 227,000,800 yuan.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...