Daimler to 'cut thousands of jobs'
December 02, 2019Daimler and the General Works Council have agreed on key points in order to streamline the group structure and thus increase efficiency and flexibility. Therefore, measures to reduce costs and employment have jointly been agreed upon.
Magna expands lighting capabilities by acquiring Wipac Czech
November 21, 2019Magna has agreed to acquire Wipac Czech s.r.o., a automotive lighting engineering firm located in Ostrava, Czech Republic.
ABB to acquire Chinese EV charging provider
October 28, 2019ABB says the company is to acquire a majority stake of 67% in Shanghai Chargedot New Energy Technology Co., Ltd., a Chinese e-mobility solution provider.
Coming soon to a sky near you: Volocopter
October 25, 2019Micron Ventures, the investment arm of Micron Technology Inc., has led a USD 55 million Series C investment round in urban air-mobility (UAM) pioneer Volocopter.
CATL starts construction of its first overseas factory in Germany
October 21, 2019A groundbreaking ceremony of the first overseas factory for lithium-ion battery maker CATL took place on October 18 in Thuringia, Germany, marking the start of construction of the first lithium-ion battery factory in Germany.
Elektrobit opens software lab in Berlin
October 14, 2019Kickstarts the new office by signing a collaboration agreement with Daimler subsidiary MBition.
PowerCell signs joint development agreement with Bosch
April 29, 2019PowerCell and Robert Bosch GmbH have signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment.
Daimler, Sila Nano team up on next-gen battery materials
April 16, 2019Daimler AG has acquired a minority equity stake in U.S. battery material specialist Sila Nanotechnologies Inc. (Sila Nano) as part of its research and development activities. Included in the equity stake for Daimler is a seat in the board of directors of Sila Nano.
Daimler expands its global battery production network
April 09, 2019At the site of the Mercedes-Benz Untertürkheim plant in Germany, the company is kicking off the construction of a battery factory at the Brühl sub-plant.
Daimler Trucks picks up majority stake in Torc Robotics
April 01, 2019Daimler Trucks, a division in the Daimler Group and manufacturer of heavy and medium trucks, and Torc Robotics, are partnering to commercialize highly-automated trucks (SAE Level 4) for U.S. highways.
Daimler & Geely form JV to make smart an all electric carmaker
March 28, 2019The German automotive group and Zhejiang Geely Holding Group are teaming up to form a 50-50 globally focused joint venture to own, operate and further develop the smart brand.
EM-motive is now in the hands of Bosch
January 28, 2019Bosch is now assuming full control of EM-motive, a European manufacturer of electric motors.
Daimler to expand its global battery production network
January 22, 2019In the course of the electric initiative Mercedes-Benz Cars will build a battery factory at the Polish site in Jawor and with that further extend its global battery production network of up to nine factories.
Daimler invests heavily in automated trucks
January 09, 2019EUR 500 million, that how much the automotive giant is investing over the next years in its global push to bring highly automated trucks (SAE level 4) to the road within a decade.
Daimler is a 'big spender' when it comes to battery cells
December 13, 2018Daimler is investing EUR 10 billion in the expansion of the Mercedes-Benz Cars electric fleet and an additional EUR 1 billion in its global battery production network.
CATL opens first North American base
December 11, 2018Electric vehicle battery manufacturer Contemporary Amperex Technology Co. Ltd (CATL), is committing to the US market by opening its first North American sales and service facility.
Daimler and BMW to establish joint mobility company next year
December 10, 2018The planned joint mobility company with the BMW Group is expected to be established at the beginning of next year. This has been agreed by Daimler AG and BMW Group.
StoreDot signs EVE as a new manufacturing partner
November 30, 2018Energy-storage company StoreDot Ltd, says that the company has added a new manufacturing partner, China based EVE Energy Co. Ltd (EVE).
Daimler to build new tech center China
November 22, 2018Daimler says that it plans to build an R&D Tech Center China with a total investment of over RMB 1.1 billion (approximately EUR 145 million).
Daimler to ramp-up its electromobility site KamenzLoad more news
November 08, 2018Daimler says that it plans to double the amount of employees at its Accumotive subsidiary at the Kamenz site in Germany. The company says it will employ around 1'000 people by the end of the year.