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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities. Daimler in China.

Chinese 259
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Are Homemade CPUs Alibaba’s Bid For Independence?

Cars That Think

But, impressive as that feat is, an even more significant chip design development by the Chinese tech giant may be making available the source code to a RISC-V CPU core its own engineers designed. The Chinese government is funding a lot of startups that are designing a variety of chips. parts or technology.

Taiwan 103
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The U.S.-China Chip Ban, Explained

Cars That Think

Commerce Department issued new rules that clamped down on the export of certain advanced chips—which have military or AI applications—to Chinese customers. has blocked chip sales to individual Chinese customers. along with several other countries, including South Korea and Taiwan) placed Russia under a chip embargo.

China 89
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. ASML equipment sales to China hit 6.3 ASML equipment sales to China hit 6.3 billion euros (USD 6.9 billion euros (USD 6.9

Europe 52
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Pike forecasts sales of electric two-wheelers in Asia Pacific to reach more than 65M units in 2018; China dominates

Green Car Congress

Electric two-wheel vehicle sales by country, Asia Pacific: 2012-2018. Pike Research forecasts that annual sales of electric two-wheel vehicles (e-scooters, e-motorcycles, and e-bicycles) will show robust growth and reach more than 65 million units in 2018. On a cumulative basis, forecasts Pike, sales in. Source: Pike Research.

Asia 244
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Taiwanese smartphone giant Foxconn reveals electric ute, global sales planned

EV Central

Better known as Foxconn, manufacturer of the iPhone on behalf of Apple, Hon Hai showed off its Foxtron Model V dual-cab ute at its annual tech day this week. Taiwan’s Yulon Motors Co will start volume production of the Model C next year under the Luxgen n7 name. The Foxconn Foxtron Model C crossover is to become the Luxgen n7.

Global 52
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. At the same time, Daimler will increase its stake in the integrated sales joint venture Beijing Mercedes-Benz Sales Service Co. BBAC), Beijing Mercedes-Benz Sales Service Co.

Motor 247