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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., Carsten Breitfeld, formerly the VP of Engineering and Head of the i8 vehicle program at BMW.

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Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Saudi Arabia’s Public Investment Fund and Taiwan-based technology manufacturer Foxconn entered into a joint venture to develop and manufacture electric vehicles. Saudi Arabia’s foray into the global EV market is another step forward in its Vision 2030 goal to reduce its reliance on oil. It aims to deliver the first Ceer EVs by 2025.

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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. EV market leader Tesla, an industry outlier, has not detailed any solid-state development plans. The company says it could boost an EV’s driving range from 350 miles to 400-500 miles, an increase of 14%-43%.

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For EVs, Semi-Solid-State Batteries Offer a Step Forward

Cars That Think

have partnered to stake a claim on the market for a third option that splits the difference: semi-solid-state batteries, with gel electrolytes. Several companies besides WeLion are actively developing semi-solid-state batteries. Toyota is among a group of companies not looking to hedge their bets.

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Lamborghini annual sales surpass 10,000 units for the first time | Autocar Professional

Baua Electric

Stephan Winkelmann, chairman and CEO of Automobili Lamborghini, remarked: “It’s a true source of pride for the whole company to have surpassed the 10,000-car delivery mark. Mercedes-Benz India , BMW India and Audi India have all registered their best-ever annual sales in CY2023.

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