As technology takes over the roads, companies that came of age in the era of internal combustion are forming new partnerships to stay competitive.
The news: Bloomberg reports that Shufu Li, the founder of Chinese automaker Geely, purchased a $9 billion stake in Daimler, to become the German car firm's largest investor. It’s the biggest investment by a Chinese company in a foreign carmaker.
Why it matters: China is the world’s biggest market for electric vehicles, and is forging ahead to speed up electric car adoption. Li hopes that the deal will give Geely—China’s largest private carmaker by sales—access to new technological expertise, especially in electrification.
Plus: Daimler is also making big bets on the potential of the Chinese market. The company announced today that it would expand local production of Mercedes-Benz vehicles, its flagship brand. The Geely deal could put Daimler in a better position to compete in China.
Here’s how a Twitter engineer says it will break in the coming weeks
One insider says the company’s current staffing isn’t able to sustain the platform.
Technology that lets us “speak” to our dead relatives has arrived. Are we ready?
Digital clones of the people we love could forever change how we grieve.
How to befriend a crow
I watched a bunch of crows on TikTok and now I'm trying to connect with some local birds.
Starlink signals can be reverse-engineered to work like GPS—whether SpaceX likes it or not
Elon said no thanks to using his mega-constellation for navigation. Researchers went ahead anyway.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.