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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BMBS); Mercedes-Benz Auto Finance Ltd. Daimler in China.

Chinese 259
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Intel challenges Nvidia, Qualcomm with ‘AI PC’ chips for cars – ET Auto

Baua Electric

Intel said on Tuesday it will launch automotive versions of its newest AI-enabled chips, taking on Qualcomm and Nvidia in the market for semiconductors that can power the brains of future cars. Nvidia last year formed an alliance with MediaTek of Taiwan to offer lower-cost chip sets.

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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

“It’s totally unrealistic,” he said of the target set by the EU Commission amid shortages of chips for cars during the COVID-19 pandemic. ” The European Union last year passed its 43 billion euro Chips Act, a subsidy programme similar to incentive packages in China, the United States, Taiwan, South Korea and Japan. .

Europe 52
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‘Chinese language hurricane’ looming over Europe’s EV sector, Renault chairman warns

Baua Electric

A “Chinese storm” is looming over Europe’s rising electrical automobile sector, Renault Chairman Jean-Dominique Senard stated, as Asia’s superpower dominates key uncooked fabrics to manufacture batteries for 0 emission automobiles. “The battle of the time will likely be a battle of metals.”

Chinese 52
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Solid state: EV giants chase ‘holy grail’ of batteries – ET Auto

Baua Electric

France’s Blue Solutions is already selling solid state batteries for buses with a charging time of four hours, but is developing a new product for cars that uses a polymer electrolyte and ultra-thin lithium metal anode, aiming to have a charging time of less than 20 minutes and enabling a range increase of about 30% to nearly 1,000 km.

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Foxconn about to start Electric Vehicles.

Electric Vehicles India

Taiwan tech company Foxconn about to start Electric Vehicles. the group’s subsidiary currently has two units in Tamil Nadu, which currently manufacture phones for apple and Chinese brands such as Xiaomi among others. In August it brought a chip plant in Taiwan in a move to supply future demand for auto chips.

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Daimler to take 12% stake in BAIC Motor

Green Car Congress

According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. as well as sales companies in Hong Kong, South Korea and Taiwan.

Motor 247