The billionaire founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about 7.3 billion euros ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li Shufu acquired the 9.7 percent holding through Geely Group, a company owned by the 54-year-old and managed by… Continue reading China’s Geely Buys $9 Billion Daimler Stake
Tag: Electric vehicles
UPDATE 1-Germany could impose limited diesel car bans in strategy shift
BERLIN (Reuters) – Germany’s government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed. Junior transport minister Norbert Barthle, a conservative, disclosed the shift in a reply to a parliamentary question by the Greens… Continue reading UPDATE 1-Germany could impose limited diesel car bans in strategy shift
Geely boss Li Shufu speaks of prolonged engagement – and does not see himself as a competitor: what the “Henry Ford China” intends to do with Daimler
All articles and backgrounds 02/24/2018 Geely boss Li Shufu speaks of a longer commitment – and does not see itself as a competitor What Daimler’s new major shareholder from China sets REUTERS Largest Daimler shareholder – and at the same time a competitor: Geely CEO Li Shufu wants to promote electromobility with the people of… Continue reading Geely boss Li Shufu speaks of prolonged engagement – and does not see himself as a competitor: what the “Henry Ford China” intends to do with Daimler
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan
YOKOHAMA, Japan – Nissan Motor Co., Ltd. and DeNA Co., Ltd. will begin a field test of Easy Ride, the robo-vehicle mobility service being developed by both companies, on March 5. Easy Ride is envisioned as a mobility service for anyone who wants to travel freely to their destination of choice in a robo-vehicle. During the… Continue reading Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan
Tesla will supply free charging stations to office parking lots
Tesla is expanding its charging infrastructure into a new area: office parking lots. A new “workplace charging” program unveiled today offers businesses free Tesla wall connectors and will also cover installation, provided they meet certain qualifications set forth by the California carmaker. Tesla won’t cover the cost of operating the charging stations, and the company… Continue reading Tesla will supply free charging stations to office parking lots
Daimler Dodges the Robo-Taxi Storm
Over the past three years, Daimler AG has surpassed BMW AG and Volkswagen AG’s Audi to seize the crown of world’s largest luxury carmaker. Daimler der König CEO Dieter Zetsche has helped make Daimler the world’s biggest luxury carmaker Source: Company filings But CEO Dieter Zetsche has one distinct disadvantage to his German peers: the… Continue reading Daimler Dodges the Robo-Taxi Storm
PLA based Noah becomes world’s first recyclable car
3D printing has been used in the development of Noah the “world’s first circular car.” The 2018 product of a longstanding project at the Eindhoven University of Technology (TU Eindhoven), Noah is an electric car built as a demonstration of future, greener car manufacturing. Noah was created by the university’s TU/Ecomotive team. As a proof of… Continue reading PLA based Noah becomes world’s first recyclable car
Tesla Introduces New Workplace Charging Program
10 mins ago by Mark Kane Tesla charging stations Tesla expands its support for charging infrastructure, beyond Superchargers and Destination Chargers. Tesla Model S charging The latest move is the Workplace Charging program for qualified employers or commercial property managers. The company will donate Tesla Wall Connectors and provide installation assistance. Of course, as is always… Continue reading Tesla Introduces New Workplace Charging Program
Volkswagen achieves billions in profits – despite the diesel crisis
In the crisis around manipulated diesel vehicles Volkswagen is in the criticism. Nevertheless, the Group was able to significantly increase its net profit last year. Friday, 23.02.2018 16:48 clock Despite the debates on driving bans and billions from the diesel affair Has Volkswagen posted high profits in the past year. With a bottom line of… Continue reading Volkswagen achieves billions in profits – despite the diesel crisis