Daimler subsidiary Li-Tec will stop producing Li-ion battery cells in December, closing the only German factory currently producing cells for EVs. “Our cells are very good, but at current production figures far too expensive,” Daimler Manager Harald Kröger told Der Spiegel. “We have realized that a car manufacturer does not have to produce the cells… Read more »
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2014 Mercedes-Benz B-Class Electric Drive
After a gradual build-up, Daimler’s automotive brands are now showing their stuff in the EV arenas of three continents. Stateside, the spotlight lands on the new, competitively priced Mercedes-Benz B-Class Electric Drive. Daimler AG, the parent company of Mercedes-Benz USA (MBUSA), hasn’t been the most visible mover or shaker in electric mobility up to this… Read more »
Daimler sells stake in Tesla for $780 million in cash
Daimler has reorganized its financial relationship with Tesla, selling its 4% stake in the California carmaker. The cooperation between the partners on the Mercedes-Benz B-Class Electric Drive is unaffected. “We are extremely satisfied with the development of our investment in Tesla, but it is not necessary for our partnership and cooperation,” said Daimler Board Member… Read more »
Daimler switching battery suppliers again?
Does Daimler have a coherent electric-vehicle strategy? Its battery supply chain is literally all over the map, and this week’s announcement that the company may close a German battery plant that it was boasting about a month ago has the EV press puzzled. The first generation of Daimler’s smart fortwo electric drive, which is selling… Read more »
Daimler acquires two key German battery firms
Daimler has agreed to acquire Evonik’s shares of Li-Tec Battery GmbH and Deutsche ACCUmotive GmbH, making Daimler the sole owner of the two companies. In recent years, Daimler and Evonik have worked together to develop industrial series production of lithium-ion battery cells for EVs. The two companies produce the batteries used in the current model… Read more »