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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

Tencent acquired the shares through Tesla’s latest registered offering of common stock (17 March 2017, earlier post ) and through open market purchases. In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars.

Buy 150
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IHS forecasts 11% rise in China automotive semiconductor market in 2014 due to safety and navigation features

Green Car Congress

By 2017, revenue will reach $6.2 But unlike other automotive applications such as power train and safety, the aftermarket segment for navigation has a sizable presence in China, providing car buyers the option to update or change the navigation systems in their cars after purchase. million by 2017. million units.

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Who Really Invented the Thumb Drive?

Cars That Think

The gadget, roughly the size of a pack of chewing gum, held 8 megabytes of data and required no external power source, drawing power directly from a computer when connected. Henn Tan, shown here in 2017, fought a series of mostly losing battles against those who pirated Trek 2000’s ThumbDrive design and against rival patent claims.

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