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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

Tencent acquired the shares through Tesla’s latest registered offering of common stock (17 March 2017, earlier post ) and through open market purchases. In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., China-based Tencent Holdings Ltd. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported.

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IHS forecasts 11% rise in China automotive semiconductor market in 2014 due to safety and navigation features

Green Car Congress

By 2017, revenue will reach $6.2 But unlike other automotive applications such as power train and safety, the aftermarket segment for navigation has a sizable presence in China, providing car buyers the option to update or change the navigation systems in their cars after purchase. million by 2017. million units.

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Who Really Invented the Thumb Drive?

Cars That Think

Henn Tan, shown here in 2017, fought a series of mostly losing battles against those who pirated Trek 2000’s ThumbDrive design and against rival patent claims. But none of the many independent stories of invention paint quite as clear an origin story—or had as much influence on the spread of the thumb drive—as the tale of Tan in Singapore.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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China’s e-bus prices have declined, while annual sales have slowed due to the decrease in purchase subsidies as well as market saturation in large cities. This was the second-highest annual figure ever (after 2017’s $313.3 Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020. Renewable energy investment.

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Adgero signs €3.5M deal with ultracap manufacturer Skeleton for road freight KERS

Green Car Congress

Under the deal for 2016 and 2017 Adgero will purchase hundreds of SkelMod units in a deal worth approximately €3.5