Geely interested in Daimler stock
The rumors have turned out to be true: Chinese vehicle producer Geely has revealed their strategy through an insider, who spoke to Reuters. Apparently the Chinese producer aims to purchase some of Daimlers’ battery technology through the acquisition of company stock.
Siemens may start producing batteries in Goerlitz
As the turbine factory in Goerlitz, Germany, is winding down, Siemens has had to face much criticism. The prospective loss of jobs and unavoidable layoffs have been difficult for both political relations as well as the concerned employees. A new battery factory in Oberlausitz may offer relief.
42m pounds for EV battery research in the UK
Four UK-based research projects aimed at improving EV battery technology are to receive 42 million pounds in funding through the Faraday Institution, a government-backed body. Projects include work to examine damage to EV batteries over time, as well as the development of solid state batteries.
Daimler to restructure its EV battery development unit
The carmaker is currently discussing to ‘insource’ this unit, according to the Stuttgarter Zeitung. Wolfgang Nieke, Chairman of the company’s works council, makes clear that he wants development specialists of Daimler’s subsidiary Accumotive to move to the headquarters in Untertürkheim.