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China tech titans go all in amid global electric car frenzy


China tech titans go all in amid global electric car frenzy
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China Evergrande New Energy Vehicle Group Ltd. s Hengchi electric vehicles at the Shanghai Auto Show in April | BLOOMBERG
Bloomberg
May 10, 2021
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. ....

Feng Xingya , Xia Yiping , Yale Zhang , Lei Jun , Huawei Deputy , Eric Xu , Stephen Dyer , Bluepark Mew Energy Technology Co , Autoforesight Co , Baidu Inc , Zhejiang Geely Holding Group Co , Ford Motor Co , China Evergrande New Energy Vehicle Group Ltd , Huawei Technologies Co , Tesla Inc , Changan Automobile Co , Guangzhou Automobile Group Co , Alphabet Inc , Motor Corp , Nio Inc , Hyundai Motor Co , Xpeng Inc , Xiaomi Corp , While Apple Inc , Motors Co , Big Tech ,

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


Article content
(Bloomberg) 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 away from the combustion engine, with sensors and operating systems making cars more like computers, and the prospect of autonomy re-envisioning how people use will them. ....

Feng Xingya , Xia Yiping , Yale Zhang , Lei Jun , Huawei Deputy , Eric Xu , Stephen Dyer , Bluepark Mew Energy Technology Co , Autoforesight Co , Baidu Inc , Zhejiang Geely Holding Group Co , Ford Motor Co , China Evergrande New Energy Vehicle Group Ltd , Huawei Technologies Co , Tesla Inc , Changan Automobile Co , Guangzhou Automobile Group Co , Alphabet Inc , Motor Corp , Nio Inc , Hyundai Motor Co , Xpeng Inc , Xiaomi Corp , While Apple Inc , Postmedia Network Inc , Motors Co ,