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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. BDNT); as well as sales companies in Hong Kong and Taiwan. Daimler in China.

Chinese 259
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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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Are Homemade CPUs Alibaba’s Bid For Independence?

Cars That Think

But, impressive as that feat is, an even more significant chip design development by the Chinese tech giant may be making available the source code to a RISC-V CPU core its own engineers designed. The Chinese government is funding a lot of startups that are designing a variety of chips. parts or technology.

Taiwan 103
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Foxconn about to start Electric Vehicles.

Electric Vehicles India

Taiwan tech company Foxconn about to start Electric Vehicles. As per sources, Foxconn about to start Electric Vehicles manufacturing “other lines”, for clients and itself, other than phones. In August it brought a chip plant in Taiwan in a move to supply future demand for auto chips.

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Foxconn tied up with Thailand’s PTT for making electric vehicles

Electric Vehicles India

Taiwan’s Foxconn has announced a partnership with Thailand’s government, a state-run energy group PTT PCL to manufacture electric cars in Thailand. Foxconn had tied up with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Italian company Stellantis.

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

Baua Electric

Europe will miss its goal of raising its share of the global computer chip market to 20% by 2030 because it is not building manufacturing capacity fast enough, semiconductor equipment maker ASML CEO Peter Wennink said. “That was good for the European car industry but it’s not enough,” said Wennink, who is retiring in April.

Europe 52
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The U.S.-China Chip Ban, Explained

Cars That Think

Commerce Department issued new rules that clamped down on the export of certain advanced chips—which have military or AI applications—to Chinese customers. has blocked chip sales to individual Chinese customers. along with several other countries, including South Korea and Taiwan) placed Russia under a chip embargo.

China 90