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☆ Zeekr CFO: There's an opening in the crowded EV market for premium cars in China
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZeekr CFO: There's an opening in the crowded EV market for premium cars in ChinaZeekr CFO Yuan Jing joins 'Squawk on the Street' to discuss how Jing distinguishes Zeekr from its competitors, how its cars are the center of the 'smart mobility experience,' and more.

Persons: There's, Yuan Jing, Jing Locations: China

☆ Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
▼ + stars: | 2024-04-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday. For the first three weeks of April, Zeekr sold 500 more cars than Tesla in the province of Zhejiang, where Zeekr and its parent company Geely are based. Zeekr also slightly outsold Tesla in the province of Anhui, near Shanghai, and Guangxi, an autonomous region in southern China. The rapid rise of Chinese electric car companies, however, has also prompted the EU and U.S. to consider measures for protecting their own auto industries.

Persons: Andy, Elon, Tesla, Zeekr Organizations: China News Service, Getty, CNBC, EU Locations: Beijing, BEIJING, China, Europe, Latin America, Zhejiang, Anhui, Shanghai, Guangxi, Sweden, Netherlands, America, Hong Kong, Macao, Singapore

☆ How to stop your internet-connected car from sharing and maybe even selling your driving data
▼ + stars: | 2024-03-23 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

"The amount of personal and car information that car companies collect, share and sometimes sell is beyond what is necessary to get someone from Point A to Point B safely. But there are growing privacy concerns as reports proliferate about car companies sharing driver data with insurers, and as car companies get into the insurance business themselves. To be sure, there can be valid reasons to collect driver and car data for safety and functionality purposes, and some essential services, such as emergency and security-related data sharing, may be difficult or impossible to opt out of. Ford, for example, said it provides customers with a choice regarding any sharing of connected vehicle data. The government is looking at car privacy regulationsThere are various regulatory efforts afoot to understand carmakers' data-sharing practices and reign in potential privacy violations.

Persons: Jen Caltrider, There's, That's, James Hodgson, Parv Sharma, Caltrider, Cobun Zweifel, Mo Al, Keegan, Edward J, Markey, Eric Goldman, Hodgson, It's Organizations: Mozilla Foundation, Mozilla, ABI Research, McKinsey, Counterpoint Technology Market Research, Ford, Hyundai, Nissan, BMW, Keegan, International Association of Privacy, SBD Automotive, Protection Agency, Federal Trade Commission, Zweifel, Senate Commerce, Science, Transportation, Santa Clara University School of Law, Apple Locations: U.S, California , Colorado, Connecticut, California

☆ Verra Mobility CEO discusses how 'smart mobility' makes cities safer
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerra Mobility CEO discusses how 'smart mobility' makes cities saferVerra Mobility president and CEO David Roberts joins 'The Exchange' to discuss innovations in smart mobility, David's outlook for the future of mobility, and more.

Persons: David Roberts Organizations: Verra, Verra Mobility

☆ Amazon to sell Hyundai vehicles online starting in 2024
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

A Hyundai Elantra N is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsLOS ANGELES, Nov 16 (Reuters) - Amazon (AMZN.O) will begin selling Hyundai (005380.KS) vehicles online in the U.S. starting next year, the two companies said on Thursday. Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said. Hyundai set up its first digital showroom on Amazon in 2018. The new agreement also will enable buyers of new Hyundai vehicles in 2025 to access Amazon's Alexa voice assistant from their cars.

Persons: Aly, ”, Jay Chang, Paul Lienert, Bill Berkrot Organizations: Hyundai, Auto, REUTERS, Amazon.com, Los Angeles Auto, Thomson Locations: Auto Shanghai, Shanghai, China, KS, U.S, Detroit

☆ Continental plans thousands of job cuts in auto division
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

A car wheel with a badge showing the logo of German tyre company Continental, pictured before the company's annual news conference in Hanover, Germany, March 7, 2019. The exact number of job cuts was not immediately clear, but it will amount to the "mid-four-digit range", the company said. The news comes amid ongoing reports that Continental plans a restructuring and potential sell-offs, with CEO Nikolai Setzer saying in September he was considering a change in ownership of the company's ContiTech division. Continental will provide a full strategy update at its capital markets day on Dec. 4, the statement said. Last week the company reported that the automotive business returned to profit in the third quarter and predicted a strong quarter ahead.

Persons: Fabian Bimmer, Nikolai Setzer, Andrey Sychev, Victoria Waldersee, Christina Amann, Miranda Murray, Susan Fenton, Bernadette Baum Organizations: Continental, REUTERS, Rights, Reuters, Smart, Thomson Locations: Hanover, Germany

☆ VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
▼ + stars: | 2023-09-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it expects to deliver 40,000 to 50,000 vehicles in 2023 despite a weak global economy. In April, Green SM launched a pure EV taxi service in Vietnam with VinFast models. "VinFast's ambitious EV plan seems unrealistic. For example, VinFast's VF9 model is priced from $83,000 whereas the Tesla Model X is priced from $68,590 after federal tax credit and gas savings.

Persons: Lisa Baertlein, VinFast, Vingroup, Green, David Byrne, Tesla, XPeng, Lê Thị Organizations: Reuters, Smart Mobility, Green SM, EV, LightStream Research, P Global Mobility, CNBC, Nasdaq, Our U.S, Tesla Locations: Los Angeles, Vietnam, U.S, North America, Europe, Asia, Middle East, Our, North Carolina

The unboxed assembly process is intended to enable Tesla to hit that ambitious price target. Several big questions loom: What sort of impact will Tesla's process have on the auto industry overall? Body panels are painted separately, then joined together toward the end of the assembly process. If everything works as planned, the unboxed process could rewrite the industry's standard playbook and practices. Oba worked previously for the Toyota Production System Support Center, a division that helps the automaker's suppliers and others implement TPS.

☆ Explainer-Biden's EV highway takes shape
▼ + stars: | 2023-02-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

(Reuters) - Armed with billions of dollars, the Biden administration is embarking on the biggest transformation of the U.S. consumer driving landscape in generations, hoping to blanket the nation’s highways with electric vehicle chargers. The federally-funded chargers must be placed within a mile of state-designated electric vehicle corridors. FILE PHOTO: A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. The state received 167 site proposals from 30 different teams, officials told Reuters. In oil-rich Texas, state officials told the administration, “the network will give Electric Vehicle drivers confidence and flexibility when traveling for work, recreation, or exploration regardless of distance traveled or weather conditions.”

☆ Explainer: Biden's EV highway takes shape
▼ + stars: | 2023-02-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +5 min

[1/2] A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew KellyFeb 27 (Reuters) - Armed with billions of dollars, the Biden administration is embarking on the biggest transformation of the U.S. consumer driving landscape in generations, hoping to blanket the nation's highways with electric vehicle chargers. The federally-funded chargers must be placed within a mile of state-designated electric vehicle corridors. Ready and pending electric vehicle corridors — designations that determine if a highway has a sufficient number of charging stations for EV travel. The state received 167 site proposals from 30 different teams, officials told Reuters.

☆ Startup backed by Tesla investor promises $300,000 flying car by 2025: 'This is not more complicated than a Toyota Corolla'
▼ + stars: | 2022-12-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. It's the timing: The company says it plans to begin delivering the vehicles to customers by the end of 2025. In a statement in October, Dukhovny referenced "road conditions, weather and infrastructure" as potential reasons to briefly take flight. But for a flying car to actually appear on highways anytime soon, a lot needs to happen, experts say. The FAA even reportedly gave another flying car concept, Samson Sky's Switchblade, the go-ahead for flight testing in July.

☆ Exclusive emails show Austin officials bragging about its lack of oversight of a new self-driving delivery service from Ford and Argo AI
▼ + stars: | 2022-10-24 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +5 min

Several cities launched an autonomous vehicle delivery service for Walmart orders with Ford vehicles using Argo AI's self-driving car technology. In 2016, Arizona Governor Doug Ducey announced Uber's self-driving car pilot by proclaiming that Arizona "welcomes Uber self-driving cars" while states with regulatory laws do not. Part of the companies' motivation for the self-driving car delivery service is the drive to meet Walmart's consumer demands for "next-day or same-day delivery." Argo AI was founded in 2016 by two former engineers from Google and Uber's self-driving car programs, respectively. Argo AI hired more than 1,700 people in 6 years but laid off many of its recruiters in July.

☆ Transforming Business: A poll of international business leaders shows cloud, AI, talent, and smart mobility are top innovation investments
▼ + stars: | 2021-04-19 | by ( Julia Hood | ) www.businessinsider.com time to read: +2 min

Insider surveyed 614 business decision makers in 7 countries to ask about investment in innovation, ESG, and purpose. Cloud, AI, smart mobility, and talent are among the top innovation priorities. Visit Insider's Transforming Business homepage for more stories. Key takeaways from the poll:Transformers reported their companies would be investing in hiring talent, AI and machine learning, and partnerships as innovation drivers in 2021. Economic downturn, followed by legislation and politics, were said to be the biggest threats to achieving transformation goals in 2021.

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