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Added on the 18/10/2021 19:55:58 - Copyright : AFP EN
Taipei, Oct 16 (EFE/EPA).- Taiwan elctronics giant Foxconn Technology Group unveiled Friday its first open platform electric car hardware and software, aiming to control up to 10 percent of the global market for electric vehicle platform by year 2025. (Camera: RITCHIE TONGO).SHOT LIST: TAIWANESE COMPANY FOXCONN TECHNOLOGY GROUP PRESENTS ITS FIRST OPEN ELECTRIC CAR HARDWARE AND SOFTWARE PLATFORM DURING THE HHTD FORUM IN TAIPEI, TAIWAN.
Czech carmaker Skoda is betting big on China. They unveiled an electric concept car called the Vision E, through which they hope to take their place in the world's largest auto market. Skoda CEO Bernhard Maier's presence at the unveiling underscores the importance of the market to the company. Skoda's new Vision E electric concept car was unveiled at the 2017 International Automobile & Manufacturing Technology Exhibition, also known as Auto Shanghai Expo on Tuesday. The four-seat crossover is based on VW Group’s MEB platform. Vision E has two electric motors delivering a combined 225kW of power. Designed in the Czech Republic, the Vision E is fuelled by liquid-cooled lithium-ion battery cells, and boasts a potential driving range of 310 miles. China's automotive industry has been the largest in the world since 2008. Chinese automakers produce more cars than the US and Japanese markets combined. In 2014, China produced over a quarter of the world's cars.
On Monday, Tesla stock climbed as much as 5%. Business Insider reports that Tesla's market capitalization is north of $700 billion. Elon Musk's company exceeded its production target of 500,000 vehicles last year. The company has fallen just short of 500,000 deliveries. "So proud of the Tesla team for achieving this major milestone!" Musk tweeted about the news. Tesla's stock price soared by more than 740% in 2020.