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Added on the 03/05/2022 07:12:00 - Copyright : Auto Moto EN
Washington, May 22 (EFE).- The development and production of batteries for electric vehicles goes beyond a race between automobile companies and has become a matter of State for the US in its dispute with China for world hegemony.
General Motors gained as much as 8.9% to a record high on Tuesday. The gain comes on news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from Microsoft. Microsoft joins a number of companies in a $2 billion funding round for Cruise. Tuesday's price is a record-high for GM since it emerged from bankruptcy at the end of the Great Recession. The partnership will accelerate the commercialization of self-driving vehicles. It brings together the two companies' software and hardware engineering expertise, cloud computing capabilities, and manufacturing knowledge.