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Saudi Arabia Electric Vehicle Market Speeding Fast to Reach USD 53,639.1 Million Valuation by 2032

Saudi Arabia's electric vehicle market is poised for a staggering 52% annual growth, reaching US$ 53,639.1 million by 2032. This surge is fueled by government green initiatives, rising consumer interest in EVs, and infrastructure development, though challenges like attracting investment and hot climate charging solutions remain.New Delhi, May 20, 2024 (GLOBE NEWSWIRE) Poised for explosive growth, the Saudi Arabia electric vehicle market is projected to reach a staggering US$ 53,639.1 million ....

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Foxconn and Nvidia team up to build 'AI factories', Auto News, ET Auto

Sharing a stage at Foxconn s annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies would build these "AI factories" together. "A new type of manufacturing has emerged - the production of intelligence. And the data centres that produce it are AI factories," Huang said, adding that Foxconn had the expertise and scale to build them globally. Showing a hand-drawn sketch, Huang - sporting his signature black leather jacket - explained how "AI factories" could continuously receive and process data from autonomous electric vehicles to make them smarter. ....

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