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BYD Company Limited and Daimler AG have signed a contract creating a 50:50 research and technology joint venture called “Shenzhen BYD Daimler New Technology Co. Ltd,” that will develop an electric vehicle for China. BYD and Daimler will invest RMB 600 million to use as registered capital for the Joint venture. The new generation of electric vehicles [...] Here is the latest Green Car news for Tuesday, May 25th: Fuel Cell Vehicle JV Under Debate Between Daimler and Toyota: FT Deutschland have reported that Daimler and Toyota are discussing a joint development of fuel cells for electric vehicles. ‘There is strong interest in sharing development costs’ via a joint venture, a source close to [...] Daimler is actively seeking to become the leader in zero emmision, sustainable mobility. In 2009, Daimler bought a 10% stake in Tesla Motors, the only production automaker selling a highway capable electric vehicle in North America and Europe. The two companies had already been working closely to integrate Tesla’s lithium-ion battery packs and charging electronics into the [...] At an event today in Columbus, Indiana, Secretary Chu announced the selection of nine projects totaling more than $187 million to improve fuel efficiency for heavy-duty trucks and passenger vehicles. The funding includes more than $100 million from the American Recovery and Reinvestment Act, and with a private cost share of 50%, will support nearly [...] Vancover Based Ballard Power Systems will supply Daimler AG with fuel cell products for the automaker’s clean energy car and bus programs, Ballard said on Tuesday. As the first European car manufacturers smart and Mercedes-Benz are entering the age of electric mobility with vehicles that are fully suitable for everyday use. The new smart fortwo electric drive has taken on a pioneering role among battery-powered electric vehicles. With a range of up to 135 kilometres the two-seater car is the ideal solution [...] This week, Daimler AG started production of the smart fortwo electric drive at the smart plant in Hambach, France. In a first step, 1,000 vehicles will be provided to customers participating in various mobility projects in major cities in Europe and the U.S., in order to generate broad feedback on electric driving under everyday conditions. Marc [...] Mercedes-Benz is further expanding its center of excellence for compact vehicles by enlarging its Rastatt plant with an investment of 600 million euros. In addition, a further 800 million euros will be invested in a new plant at the Hungarian location of Kecskemét. The Company’s total investments for these two locations thus amount to approximately [...] Daimler Trucks recently announced the inauguration of its new Global Hybrid Center at Mitsubishi Fuso Truck and Bus Corporation (MFTBC) in Kawasaki. Located within the company’s R&D facilities, the Center will be the worldwide hub for Daimler Trucks’ hybrid development. A ceremony was held to officially open the Center. MFTBC is an integral part of [...] smart plant in Hambach, France selected as the location for the large-scale series production of the smart fortwo electric drive – announcement made on the occasion of the visit of French President Nicolas Sarkozy: Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars (left) and President [...] |
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