China’s 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 filingĀ it 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 … Continue reading China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’