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

Baua Electric

EV market leader Tesla, an industry outlier, has not detailed any solid-state development plans. The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW. Ford, BMW, Hyundai and SK Innovation have invested in the company.

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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported. Tencent reported net profit of $5.97 billion last year, up 43% on a 48% increase in revenue.

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Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

Taiwan Semiconductor Manufacturing Co. TSMC is a major chip manufacturer in the industry, along with Samsung Electronics Co. Semiconductor shortages halt BMW and Daimler production lines. Chips will play a more significant role in the auto industry moving forward. “I am engaging almost daily with industry.

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