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Tech giants bet $19B on global EV frenzy

China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.

While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the move by China’s tech titans puts them at the vanguard of that broader push. The lure is an industry that’s becoming increasingly high tech as it pivots

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China Tech Giants Bet $19 Billion on Global Electric Car Frenzy

China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.

While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the move by China’s tech titans puts them at the vanguard of that broader push. The lure is an industry that’s becoming increasingly high tech as it pivots

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BMW and Ford bet on solid-state batteries | Automotive Industry Analysis

A number of OEMs are seriously looking into solid-state batteries

The investment is the second the two companies have made in Solid Power following a $20 million investment in 2018. Solid Power has already sent hundreds of 2Ah cells for validation by the OEMs and will use the investment to ramp up its production facilities to build a pilot line to produce 100Ah test cells from 2022.

Solid Power’s cells can be made on existing lithium-ion battery manufacturing equipment but, unlike current cells, do not need to undergo the electrolyte filling and cycling phase. The company says these processes account

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Chinese and other tech giants bet on smart car revolution

The electric car sector is becoming increasingly crowded as more tech companies jump on the bandwagon, pushing a radical shake-up of the 138-year-old global auto industry.

Chinese smartphone giant Xiaomi is the latest newcomer in the electric vehicle, race with a plan to invest $10 billion over the next decade. At a March event unveiling the company’s plans, billionaire founder and CEO Lei Jun called the new initiative “the most significant decision in Xiaomi’s history” and said it will require “full efforts for at least five to 10 years.”

Rumors of Xiaomi’s push into carmaking have been around for a

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To Stand Out From The Competition, Hyundai And Kia Bet On Design

Ask writers and readers of InsideEVs about 800V systems and V2L, and they’ll immediately know what a difference these things make concerning charging. For people that are still wondering about electric cars, it may still make no difference. This is why Hyundai and Kia are betting heavily on the designs respectively of the Ioniq 5 and the EV6.

While the Ioniq 5’s looks were almost unanimously cherished by the public and critics, the EV6 has a more polarizing style. According to Automotive News, as long as the styling makes them stand out from the competition, that’s precisely what Hyundai

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Opinion: Will Xiaomi’s $10 Billion Car-Building Project Be a Winning Bet?

Xiaomi Corp. finally confirmed its attempt to build cars, a move that will make the battles in China’s already crowded electric car market even more complicated. Will the Chinese smartphone giant’s car-making plan succeed?

Companies in essence are driven by profits. Internet and technology companies in China have placed their bets on electric vehicle (EV) businesses amid a market boom. Apart from Xiaomi, China’s internet giants, including Alibaba Group, Baidu Inc., Tencent Inc. and Huawei Technologies Co., have formed a vanguard entering the automotive industry.

Speculation about a Xiaomi foray into the car-making business has been around for awhile.

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