Huawei to invest in electric cars and self-driving tech
Huawei is the latest Chinese tech giant to announce its intentions to compete in the automotive sector at the same level as the established automakers. In a presentation to analysts on Monday, Huawei Co-Chairman Eric Xu said the company planned to invest in electric vehicles and self-driving technology. Xu’s comments were made just a week after Chinese smartphone giant Xiaomi said it planned to launch its own cars. Chinese...Ford ups investment in self-driving and electric cars to $29B
Ford plans to spend up big in the areas of electric vehicles and self-driving technology, CEO Jim Farley said Thursday during a conference call detailing the automaker’s 2020 financial results. Key measures mentioned by the new Ford CEO include an increase in spending on EVs to $22 billion through 2025, up from a previously announced $11.5b. The figure includes investments already made in EVs since about 2016. “We are...Mercedes and Nvidia Partner on Self-Driving Cars
Mercedes-Benz invented the automobile 134 years ago—and now the automaker intends to reinvent transportation once again. New models introduced in 2024 are being equipped with a still-being-designed super processor from chipmaker Nvidia that will allow customers to upgrade their cars later and add new features like self-driving capabilities. Over the air (OTA) updates are not new. Tesla uses this technology as one of its “surprise and delight” features. It...