article thumbnail

Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Harmony Futeng subsequently established Future Mobility Corp. 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.

Buy 150
article thumbnail

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

Baua Electric

Yet despite decades of research and billions of dollars invested, their future still looks elusive. 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.

article thumbnail

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

Teslarati

Taiwan Semiconductor Manufacturing Co. Semiconductor shortages halt BMW and Daimler production lines. With the CHIPS Act, the Biden administration hopes to address the challenges caused by the global chip shortage and prevent similar situations from affecting US companies in the future.

Supplies 145
article thumbnail

The Chip Shortage, Giant Chips, and the Future of Moore’s Law

Cars That Think

You also found that the future of Moore's Law depends as much on where you put the wires as on how small the transistors are, among many other things. GlobalFoundries has already inked agreements with both Ford and BMW. The real importance is that IBM's process is another endorsement of nanosheet transistors as the future of silicon.

Future 142