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Porsche shares rise in Frankfurt market debut

Porsche shares rise in Frankfurt market debut

[ad_1] The Porsche IPO is set to be one of the largest in European history.Thomas Kienzle | AFP | Getty ImagesPorsche shares edged higher in their stock market debut Thursday, in what's being billed as one of the biggest public offerings in Europe ever.Shares of the iconic sports car brand

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Xpeng says its next SUV could become the company’s new best-selling car

Xpeng says its next SUV could become the company’s new best-selling car

[ad_1] Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022.China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car start-up Xpeng's newest model will likely sell better than its most popular car to date, according to Brian Gu, the company's

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Volkswagen shares up slightly on Porsche’s 70-75 billion euro valuation

Volkswagen shares up slightly on Porsche’s 70-75 billion euro valuation

[ad_1] A Porsche AG Taycan Turbo S electric automobile at the luxury automaker's development center in Weissach, Germany, on June 21, 2021.Andreas Gebert | Bloomberg | Getty ImagesVolkswagen shares rose slightly on Monday after the carmaker said it was targeting a valuation of up to 75 billion euros ($74.84 billion) for

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Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO

Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO

[ad_1] The name of the car manufacturer Porsche is attached to the curved facade of the newly built Porsche Centre in Magdeburg.Stephan Schulz | picture alliance via Getty ImagesVolkswagen is targeting a valuation of 70 billion to 75 billion euros ($70.1 billion to 75.1 billion) for luxury sportscar maker Porsche

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Nio says Nvidia chip restrictions won’t hurt them

Nio says Nvidia chip restrictions won’t hurt them

[ad_1] Chinese electric car company Nio said it doesn't expect U.S. restrictions on Nvidia to affect the start-up's business operations.Vcg | Visual China Group | Getty ImagesLi said Wednesday there are many companies in China with artificial intelligence training chips, and that Nio is evaluating opportunities to work with different

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Volkswagen to decide on landmark Porsche listing later on Monday

Volkswagen to decide on landmark Porsche listing later on Monday

[ad_1] A Porsche 911 Carrera 4S stands in the evening light in a drive-in cinema on the circuit of the Leipzig Porsche factory.Jan Woitas | picture alliance via Getty ImagesVolkswagen's leadership will meet later on Monday to decide on whether to proceed with the much-anticipated listing of Porsche, as an escalation in

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China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now

China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now

[ad_1] Nvidia has found success in China by selling automotive chips to the country's electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected.Budrul Chukrut | Sopa Images | Lightrocket | Getty

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