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., 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
article thumbnail

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

Baua Electric

The Indian components suppliers need to focus on building partnerships with international buying groups to gain market access, invest in marketing and branding, increase digital presence, and build collaboration amongst the industry players to provide their joint offerings to tap the global market opportunities.”

Auto 52
article thumbnail

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

Cars That Think

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. Next Gen Chips Will be Powered From Below Transistors You can make transistors as small as you want, but if you can't connect them up to each other, there's no point.

Future 141
article thumbnail

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 100