Daimler India Commercial Vehicles (DICV) will double its captive solar power generation, hike green power purchase, switch all internal shuttles to electric vehicles German truck and bus maker Daimler India Commercial Vehicles (DICV) will double its captive solar power generation, hike green power purchase, switch all internal shuttles to electric vehicles at its factory near […]
Daimler Aims to be Ready For An All-Electric Car Market by 2030
The shift toward electric vehicles is picking up speed, especially in the luxury segment, CEO Ola Kallenius said. Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. […]
Daimler, Volvo, Traton to Build Electric Vehicle Charging Points
Daimler (DDAIF), Volvo (VLVLY), and Traton have agreed to team up to build electric vehicle charging points across Europe. They plan to do so through a joint venture that would initially be capitalized with 500 million euros. The partners would contribute the money and own equal stakes in the joint venture. The partners plan to […]
Daimler Speeds up Shift to Electric Vehicles
Daimler said in March it would accelerate its shift to electric cars. Daimler AG will accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions, as it revamps its electrification strategy, Manager Magazin reported on Thursday. Many of the electric vehicle models the German carmaker has planned […]
Daimler to speed up electric shift as 2021 starts strongly
The German company said it expected 2021 to be a significantly better year for revenue, and pretax profits than a pandemic-hit 2020 LONDON : Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to accelerate the shift in its model line-up to electric cars, the […]
Despite lockdown, TN to attract Rs 66k cr investments; RE, E-mobility in focus
The state attracted investments in areas like electric mobility, renewable energy and automotive from Ola Electric, Stuttgart-based Daimler and Adani Group among others. Chennai: Stung by the COVID-19 induced lockdown in 2020 that severely impacted many businesses, Tamil Nadu however, sought to bounce back with mega ticket deals in various sectors later, seeking to live […]
Shell, Volvo and Daimler Back Hydrogen as Europe Sets Its Sights on Truck Emissions
With the EV market doing well, industry and policymakers look to hydrogen to fuel trucks and freight vehicles. A flurry of new vehicle releases, increased grants and tax benefits, and plain old economics have helped electric vehicle sales boom in 2020. U.K. sales figures show battery vehicles tripled their market share among new vehicle sales […]
Daimler to invest in Chinese EV battery maker Farasis’ $480 mn IPO: Sources
The two firms struck a deal last year for Farasis to supply Daimler with lithium-ion battery cells and Farasis is building a factory in Germany BEIJING: Daimler AG plans to invest in Farasis Energy’s planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric […]
Daimler teams up with Volvo in 1.2-bn-euro deal to make hydrogen batteries
The joint venture between the two, valued at 1.2 billion euros ($1.3 billion), is “a milestone in bringing fuel cell powered trucks and buses onto our roads,” said Daimler Truck chairman Martin Daum. FRANKFURT AM MAIN: Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty […]
Daimler CEO says electric cars need incentives to become mainstream
The China Association of Automobile Manufacturers (CAAM), said sales of new energy vehicles (NEVs) fell 45.6% in October from year-ago levels, following a 33% decline in September FRANKFURT : Daimler Chief Executive Ola Kaellenius on Wednesday said the resulting drop in sales of electric and hybrid vehicles in China after incentives were curbed shows that […]