China’s electric car race is becoming more about chip prowess as companies focus on tech

Key Points

Price wars aside, Chinese electric car companies are now competing on driver-assist and other tech powered by semiconductors.
“It’s hard to point to your product being superior when your competitors use the exact same silicon to power their infotainment and intelligent driving systems,” said Tu Le, founder of consulting firm Sino Auto Insights.
Over the last few years, Nvidia has already built a $300 million business in automotive chips, with many of the major Chinese electric car companies as partners.

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Finance

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Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source