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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.

Buy 150
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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

ACMA , the apex body of the Indian auto component industry, has shared this data from its Global Automotive Aftermarket Research Report , conducted in partnership with leading advisory firm Ernst & Young. New Delhi: The size of the Indian automotive aftermarket that was USD 10 billion in 2023 is expected to grow by close to 1.4

Auto 52
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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. By the time they got back in line to buy chips, that line was nearly a year long, and it was time to panic again. And many of them didn't like what they learned.

Future 141
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Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

What makes these things readily available—as the nuclear and stealth technologies were not—is the Fourth Industrial Revolution : 3D printing, easy wireless connections, AI, and the big data that AI consumes. If those two powers ever clash, it would likely be over Taiwan, which China says it will one day absorb and the U.S.

Ukraine 96