👏👍NVDA in EV too? GoGoGo!

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Snakewood
2022-01-05

👏👍NVDA in EV too? GoGoGo!

Chinese EV startups turn to Nvidia in the race to catch Tesla

SAN FRANCISCO (Reuters) - U.S. high performance chip maker Nvidia Corp said Tuesday it has landed mo

Chinese EV startups turn to Nvidia in the race to catch Tesla

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GoGoGo!","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9008328896","repostId":2201340754,"repostType":4,"repost":{"id":"2201340754","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1641342436,"share":"https://www.laohu8.com/m/news/2201340754?lang=&edition=full","pubTime":"2022-01-05 08:27","market":"us","language":"en","title":"Chinese EV startups turn to Nvidia in the race to catch Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2201340754","media":"Reuters","summary":"SAN FRANCISCO (Reuters) - U.S. high performance chip maker Nvidia Corp said Tuesday it has landed mo","content":"<html><head></head><body><p>SAN FRANCISCO (Reuters) - U.S. high performance chip maker Nvidia Corp said Tuesday it has landed more deals with Chinese electric vehicle makers that want to use the company&#39;s technology to power software-driven features that could lure customers away from Tesla Inc.</p><p>Nvidia vice president Ali Kani used a presentation to the CES technology conference to list several Chinese electric vehicle (EV) makers that will use Nvidia&#39;s DRIVE technology as part of the computer brains of new vehicles, including Polestar, Xpeng, NIO, IM Motors, Li Auto and R Auto.</p><p>Nvidia said auto suppliers and contract manufacturers Desay, Flex, Quanta, Valeo and ZF also will use its Drive platform as the foundation for automated driving systems in vehicles they engineer for EV brands.</p><p>Nvidia has said previously that is has $8 billion in automotive revenue booked over the next six years. 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Tuesday&#39;s presentation underscored the importance of China&#39;s dynamic EV sector to the U.S. chip company&#39;s effort to expand its automotive business, now a small part of its total annual revenue, projected at more than $26 billion.</p><p>Nvidia is also looking for growth in the emerging automated truck business, and earlier Tuesday said robo-truck developer TuSimple will use Nvidia chips to develop self-driving semi trucks.</p><p>Nvidia must navigate through U.S.-China tensions, and Chinese regulations that effectively prohibit data generated by vehicles in China from being exported. 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Tuesday's presentation underscored the importance of China's dynamic EV sector to the U.S. chip company's effort to expand its automotive business, now a small part of its total annual revenue, projected at more than $26 billion.Nvidia is also looking for growth in the emerging automated truck business, and earlier Tuesday said robo-truck developer TuSimple will use Nvidia chips to develop self-driving semi trucks.Nvidia must navigate through U.S.-China tensions, and Chinese regulations that effectively prohibit data generated by vehicles in China from being exported. 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