China's electric car race is becoming more about chip prowess as companies focus on tech
Publishing timestamp: 2024-08-28 23:01:06
Summary
Chinese electric car companies are now focusing on developing their own chips for driver-assist and other tech features, moving away from relying on Nvidia. This shift is driven by the success of Tesla in developing its own chips for autonomous driving. The companies are also looking to reduce supply chain risks and customize features. The industry is recognizing the importance of semiconductors for smart connected vehicles, with government incentives helping electric cars take off in China.
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Keywords: byd co ltd, technology, business news, tesla inc, breaking news: technology, xiaomi corp, markets, xpeng inc, stock markets, autos, market insider, nio inc, nvidia corp,
Source: https://www.cnbc.com/2024/08/29/chinas-electric-car-race-is-becoming-all-about-semiconductors.html