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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. million vehicles in 2012.

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

Baua Electric

European share of the global computer chip market “is 8% at best,” the outgoing chief of Europe’s largest tech company said in an interview following ASML earnings on Wednesday. “If you want to get to 20%, you just have to calculate how much you need to build here.”

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China’s military and government acquire Nvidia chips despite US ban – ET Auto

Baua Electric

Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the U.S. The Reuters review found neither Nvidia nor retailers approved by the company were among the suppliers identified. Buying or selling high-end U.S.

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

Baua Electric

Here are some of the companies developing these kind of batteries. The company says it could boost an EV’s driving range from 350 miles to 400-500 miles, an increase of 14%-43%. The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW.

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

Baua Electric

Intel’s new automotive system on a chip products will adapt the company’s recently launched AI PC technology for the durability and performance requirements of vehicles, Weast said. Intel did not disclose a purchase price for the closely held company, controlled by venture funds Cipio Partners and Capital-E.

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Foxconn about to start Electric Vehicles.

Electric Vehicles India

Taiwan tech company Foxconn about to start Electric Vehicles. The company also clarified the plan to build for automotive customers rather than selling to customers under its brand.” The company also brought a manufacturing facility in the US, which was earlier owned by Tesla rival Lords town Motors, to make electric cars.

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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. Following our technical cooperation with BAIC Motor and the setup of our integrated sales company, we are now taking the next step in deepening our relationship even further.

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