UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants

(Adds background) BEIJING, Feb 25 (Reuters) – Chinese cash-strapped electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Loss-making Nio is the most prominent among dozens of Chinese electric vehicle startups vying to… Continue reading UPDATE 1-Chinese EV maker Nio in talks with Hefei on funding, plants

@Daimler: The compacts are turning electric

Stuttgart/Geneva.  With the Concept EQA at the 2017 IAA International Motor Show in Frankfurt, Mercedes-Benz demonstrated how the EQ strategy can be transferred to the compact class. The production version of the all-electric sibling of the GLA will have its première before the end of the year. Prototypes of the EQA are currently undergoing challenging… Continue reading @Daimler: The compacts are turning electric

The compacts are turning electric

25.

February 2020

Stuttgart/Geneva

Stuttgart/Geneva. With the Concept EQA at the 2017 IAA International Motor Show in Frankfurt, Mercedes-Benz demonstrated how the EQ strategy can be transferred to the compact class. The production version of the all-electric sibling of the GLA will have its première before the end of the year. Prototypes of the EQA are currently undergoing challenging winter trials in the far north. And Mercedes-Benz will complete the EQ Power family of compacts with additional sporty models featuring the third-generation hybrid powertrain.
The new GLA rounds off the current compact car generation from Mercedes-Benz as the eighth model. An electric-model in the form of EQA will follow before the year is out. Prototypes are currently travelling the snow-covered roads of Sweden. This winter testing sees the engineers paying particular attention to the thermal management of the battery and the interior, and to charging in the cold. Further aspects are driving safety, traction and energy recovery on ice and snow.
At the same time, Mercedes-Benz Cars is expanding its line-up of plug-in hybrids under the EQ Power label and will present additional models with the third-generation hybrid powertrain at the Geneva Motor Show. For the new compact vehicles with EQ Power, (electric) driving pleasure and suitability for everyday use are to the fore.
Transparency for e-mobility
One key aspect of the sustainable business strategy of Daimler AG is electric mobility. With its “Ambition 2039” initiative, Mercedes-Benz is working towards being able to offer a CO2-neutral new car fleet in 19 years' time. One important aspect of sustainable mobility is transparency. This is why Mercedes-Benz AG is the first premium automotive manufacturer to have had its climate protection objectives scientifically verified by the Science Based Targets Initiative (SBTI). This means that the company is in line with the requirements of the Paris World Climate Accord.
Live online: world premiere of new models from the family of compact plug-in hybrids at the 2020 Geneva Motor Show
The Mercedes-Benz press conference on the first press day, 3 March 2020, begins at 8:30 a.m. (CET) and can be experienced online from various perspectives in full length in the multi-angle live stream on Mercedes me media: https://media.mercedes-benz/gims2020. The complete media special for the Geneva 2020 motor show can also be found there.

Press Contact

Wolfgang Würth

Manager Global Product Communications EQ & AV Communications

wolfgang.wuerth@daimler.com

Tel: +49 160 8620345

Markus Nast

Manager Global Product Communications Compact Cars, SUV & Customer Solutions

markus.nast@daimler.com

Tel: +49 160 8680338

Koert Groeneveld

Head of Global Product and Technology Communications

koert.groeneveld@daimler.com

Tel: +49 160 8614747

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Mercedes-Benz EQA prototype during the winter test in Sweden around Arctic Falls.

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Feb 25, 2020

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Nio in talks with Hefei govt on 10 bln yuan funding, car plants

BEIJING, Feb 25 (Reuters) – Chinese electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei’s city government for a fundraising of more than 10 billion yuan ($1.42 billion) and new car manufacturing facilities. Nio is in talks with the capital city of Anhui province, where it is building cars with… Continue reading Nio in talks with Hefei govt on 10 bln yuan funding, car plants

Lumax to acquire OK Play Auto’s roto moulding plastic business

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@Hyundai: Hyundai Transys, Powertrain Specialist

Car manufacturing encompasses a diverse set of fields—from the production of materials such as rubber, glass, metals, leather, and plastic to technologies in mechanical, electrical, and chemical engineering as well as IT, the finished car is an amalgam of human progress in multitudes of areas. Realistically, a single car company cannot oversee all these areas… Continue reading @Hyundai: Hyundai Transys, Powertrain Specialist

SoftBank-backed Grab raises $856 million from Japanese investors in financial services push

SINGAPORE/TOKYO (Reuters) – Southeast Asia’s Grab said Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) and IT services firm TIS Inc (3626.T) have agreed to invest a combined $856 million in the ride-hailing firm, as it seeks to expand aggressively into financial services. A Grab logo is pictured at the Money 20/20 Asia Fintech Trade… Continue reading SoftBank-backed Grab raises $856 million from Japanese investors in financial services push

Amazon expands physical footprint with bigger cashier-less grocery shop

SEATTLE (Reuters) – Amazon.com Inc (AMZN.O) is bringing its cashier-less store technology to a larger stage. FILE PHOTO: People walk by the Amazon Go brick-and-mortar grocery store without lines or checkout counters, in Seattle Washington, U.S. December 5, 2016. REUTERS/Jason Redmond The world’s biggest online retailer on Tuesday is set to open ‘Amazon Go Grocery,’… Continue reading Amazon expands physical footprint with bigger cashier-less grocery shop

Grab and Gojek began discussing a potential merger more than three months ago

After a report that it is considering a potential merger with Grab, Gojek denied that it is planning a deal with its rival, but a source tells TechCrunch that the two companies have been talking for about three and a half months, beginning after Gojek founder and former CEO left the company in October to… Continue reading Grab and Gojek began discussing a potential merger more than three months ago

Komatsu approves Continental EM-Master for Dash 8 Wheel Loader Series

Komatsu Dash 8 Wheel Loaders Series produced in Germany and sold in Europe now available with Continental EM-Master tires Hanover, February 25, 2020. The Japanese manufacturer of construction, mining, forestry and military equipment Komatsu recently approved the Continental EM-Master tires, both in E3/L3 and E4/L4 version for use in applications with different ground conditions. Starting… Continue reading Komatsu approves Continental EM-Master for Dash 8 Wheel Loader Series