Mercedes-Benz takes equity stake in Farasis
July 06, 2020Mercedes-Benz is taking another important step on its journey towards CO₂--neutral mobility. The Stuttgart-based car manufacturer has launched a strategic partnership with Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Ltd., including taking an equity stake.
BMW and Mercedes-Benz halt cooperation in automated driving
June 25, 2020The BMW Group and Mercedes-Benz AG are putting their cooperation on development of next-generation technology for automated driving temporarily on hold.
Daimler’s battery production in Kamenz gradually increases production
May 28, 2020Local battery production is described as an important success factor for Mercedes-Benz AG’s electric offensive and a key element to flexibly and efficiently meet the global demand for electrified vehicles.
Volvo and Daimler form JV for large-scale production of fuel cells
April 22, 2020Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce and commercialise fuel cell systems for heavy-duty vehicle applications and other use cases.
Haldex Heidelberg staff urges management to reconsider the closure
January 24, 2020It was back in October of 2019 that Haldex announced that it was streamlining its production in Europe, a decision that would see the move of production from Heidelberg in Germany to Szentlörincskáta in Hungary.
ZKW expands locations in Mexico and Slovakia
January 10, 2020Before wrapping up 2019, the Austrian lighting systems specialist announced investments a total of over EUR 210 million euros in its production plants in Mexico and Slovakia.
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 trucksLoad more news
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.
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