article thumbnail

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., China-based Tencent Holdings Ltd. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported.

Buy 150
article thumbnail

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.

article thumbnail

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.

article thumbnail

What is the Combined Charging System (CCS) Standard?

Driivz

Seven automotive manufacturers (Audi, BMW, Daimler, Ford, General Motors, Porsche, and Volkswagen) agreed to adopt the combined plug standard, with the first prototype implementation demonstrated in May 2012. CCS1 is also available in Central America, Korea, and Taiwan. What are CCS “combo plugs”? and Canada). Others may follow.

article thumbnail

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

Baua Electric

In detail, the United States continued as the top market with 3,000 cars delivered, followed by Germany (961), China (845), the United Kingdom (801), Japan (660), the Middle East (496), South Korea (434), Italy (409), Canada (357), Australia (263), France & Monaco (255), Switzerland (211), Taiwan (131) and India (103).

Sale 40