Tesla rival BYD launches electric supercar that could take on Ferrari — for $233,000
Chinese automaker BYD this weekend unveiled a new electric supercar that it says can hit speeds similar to high-end models produced by industry giants like Ferrari.
Tesla asian news
Ahead of Tesla’s entry, India’s EV makers slash prices to boost demand in world’s third-largest automobiles market
EVs currently account for around 5 per cent of India’s automobile market, but that figure is projected to grow to 40 per cent by 2030, at which point EV revenues will reach US$100 billion annually, according to a report by US consultancy giant Bain & Co published in December.
Tesla faces hurdle in Germany as locals vote to oppose factory expansion
Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the company's battery and car assembly plant in Brandenburg, Germany.
Elon Musk says first Neuralink patient can control a computer mouse through thinking
A patient implanted with Neuralink's brain technology can now control a computer mouse just by thinking, the company's founder Elon Musk said.
What the U.S. can learn from Norway when it comes to EV adoption
Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world's largest auto market, China, 24% of new car sales were EVs in 2023, according to the China Passenger Car Association."Our goal is that all new cars by 2025 will be zero-emission vehicles," said Ragnhild Syrstad, the state secretary of the Norwegian Ministry of Climate and Environment, "We think we're going to reach that goal."The Norwegian government started incentivizing the purchase of EVs back in the 1990s with free parking, the use of bus lanes, no tolls and most importantly, no taxes on zero-emission vehicles. But it wasn't until Tesla and other EV models became available about 10 years ago that sales started to take off, Syrstad said. Norway's capital, Oslo, is also electrifying its ferries, buses, semi trucks and even construction equipment. Gas pumps and parking meters are being replaced by chargers. It's an electric utopia of the future. Norway's grid has been able to handle the influx of EVs so far because of its abundance of hydropower."Electric cars are maybe a third of the price of gasoline because we have close to 100% hydropower. It's cheap. It's available and renewable. So that's a big advantage," said Petter Haugneland, the assistant secretary general of the Norwegian EV Association.
CNBC Daily Open: Concerns over sluggish U.S. consumer spending
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
CNBC Daily Open: Weak U.S consumer spending spells caution
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
DETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to forget about Tesla and its FSD driver-assistance systems as the future of the auto industry, contending investors should instead focus on the Detroit automaker's "Pro" fleet business.