Tag: China
China’s Nio Unveils Executive EV to Take on Panamera
[ad_1] Chinese electric carmaker Nio Inc. unveiled a flagship sedan at its annual customer event Saturday, with the vehicle set to take on Porsche AG’s Panamera series and Mercedes-Benz Group AG’s luxury S range. The four-seater executive sedan dubbed ET9 is expected to start delivery in the first quarter of 2025, with an estimated starting price at around 800,000 yuan ($112,000). It is more expensive than Tesla Inc.’s Model S, which starts at 698,900 yuan in China. [ad_2] Source link
CNBC Daily Open: Readying for a soft landing?
[ad_1] A Chipotle restaurant advertises it is hiring in Cambridge, Massachusetts, August 28, 2023. Brian Snyder | Reuters This report is from today’s CNBC Daily Open, our new, 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. What you need to know today Better-than-expected jobs marketU.S. nonfarm payrolls rose by 199,000 in November, more than the Dow Jones estimate of 190,000 and October’s increase of 150,000. The unemployment rate dipped to 3.7% compared with economists’ expectations as well as October’s ... Read more