A Chinese carmaker hopes a $9 billion slice of Daimler will help it go electric and autonomous
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.
Geoffrey Hinton tells us why he’s now scared of the tech he helped build
“I have suddenly switched my views on whether these things are going to be more intelligent than us.”
Meet the people who use Notion to plan their whole lives
The workplace tool’s appeal extends far beyond organizing work projects. Many users find it’s just as useful for managing their free time.
Learning to code isn’t enough
Historically, learn-to-code efforts have provided opportunities for the few, but new efforts are aiming to be inclusive.
Deep learning pioneer Geoffrey Hinton has quit Google
Hinton will be speaking at EmTech Digital on Wednesday.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.