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June 16, 2020 05:18 am GMT

Chinas BYD nabs $113M to produce IGBTs, the CPU of electric cars

BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filingit has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YBIqKg13f6Y/

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