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…
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…
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…
Stocks making biggest moves in premarket trading: AZN, PARA, NKE, more
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…