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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 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. Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars.

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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. Ceer will also use component technology from BMW in its vehicles. Ceer will significantly contribute to Saudi’s automotive manufacturing sector.

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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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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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What is the Combined Charging System (CCS) Standard?

Driivz

In developing the Combined Charging System (CCS) standard, the industry intent was that one style of connector (plug and port), supporting both AC and DC charging, could be used by all EV and electric vehicle service equipment ( EVSE ) manufacturers to ensure interoperability across the EV charging ecosystem. What are CCS “combo plugs”?

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

Cars That Think

With COVID-19 shaking the global supply chain like an angry toddler with a box of jelly beans, the average person had to take a crash course in the semiconductor industry. The latest numbers from chip manufacturing equipment industry association SEMI, show sales of equipment set to cross US $100-billion in 2021. Want a new car?

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