Mercedes-Benz Cars is investing more than €100m in a battery factory in Thailand. With a strategic decision Mercedes-Benz Cars is enhancing the manufacturing footprint in South-East Asia addressing growing demand for electric ...
Tags: Mercedes-Benz Cars, battery
BMW Group has signed a letter of intent with Great Wall Motor on local production of future battery-electric MINI vehicles in China. In addition to production of the first battery electric MINI at the main plant in Oxford starting in ...
German luxury automaker Daimler, through its brand Mercedes Benz is investing $1bn in Alabama, US plant to produce electric vehicles. The company plans to produce EQ-branded SUV models at MBUSI (Mercedes-Benz U.S. International), its ...
Tags: luxury automaker, Daimler, Electric Vehicles
Daimler has laid the foundation for a second factory for lithium-ion batteries in Kamenz, Germany. Stuttgart/Kamenz, Germany – By laying the foundation for one of the biggest and most modern battery factories, Daimler AG is setting ...
Tags: automotive, Battery
Samsung SDI has unveiled a new battery cell which allows electric vehicles (EVs) to run up to 600km with fast charging. Marking its 4th consecutive year, Samsung SDI (President and CEO: Namseong Cho) (KRX:006400) participated at the North ...
Chinese automaker BYD Co, backed by Warren Buffett's Berkshire Hathaway Inc, aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage. Shenzhen-based BYD plans ...
Tags: Chinese automaker, BYD, Tesla, Battery Factory
Sharp has been bailed out by the banks to the tune of $4.6bn. Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi are to put up $2.3bn in loans and extend a $2.3bn revolving credit facility. Sharp has debts of $12.76bn, of which ...
Tags: Sharp, Mizuho Corporate Bank, collateral, debts, lay off