
Huawei and Chery Inject $1.4 Billion Into Luxeed to Challenge Tesla
Huawei Technologies and Chery Automobile said they will pour more than RMB 10 billion (about US$1.39 billion) into their jointly developed electric-vehicle marque Luxeed as it enters what the partners call “Phase 2.0.” The outlay will fund expanded research and development and boost Luxeed’s engineering workforce to about 5,000 people, underscoring the ambitions of Chinese technology and auto groups to move up the EV value chain. The fresh capital intensifies pressure on Tesla, whose China deliveries fell 8.4% year-on-year in July. Separately, the U.S. carmaker is reshaping its Dojo supercomputer supply network, choosing Samsung Electronics to fabricate its next-generation Dojo 3 artificial-intelligence chips and Intel to handle advanced packaging, reducing reliance on long-time foundry partner Taiwan Semiconductor Manufacturing Co. Domestic rival Nio is also accelerating. Its mass-market sub-brand Onvo has told staff it aims to hand over more than 10,000 L90 sport-utility vehicles in August, while Nio itself has hired roughly 800 additional sales staff ahead of the planned 20 August debut of its third-generation ES8 SUV. The series of moves by Chinese incumbents and global players alike highlights the escalating competition in the world’s largest electric-vehicle market.
Sources
- Herbert Ong
🚨 Tesla reportedly taps Samsung for D3 chip production and Intel for advanced packaging in Dojo 3 Tesla is restructuring its Dojo supercomputer supply chain, moving away from exclusive reliance on TSMC. Instead, it has selected Samsung and Intel as new partners for its https://t.co/yDeqxAWf6g
- S.E. Robinson, Jr.
TESLA: It is being reported that Intel has secured a contract to provide specialized module-level packaging for Tesla’s Dojo 3 AI-training chips. They are to use their Embedded Multi-Die Interconnect Bridge (EMIB) technology to connect multiple dies. Since Samsung will https://t.co/rG2YuPDSqr
- green
Looks like Tesla is preparing to launch Vohico integration in China, (Some sort of a tiktok + watermelon in cabin whatever superapp if google is to be believed). Both Intel an AMD get it. https://t.co/yhsTtwN39p
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