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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies 497
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Geely Auto forms new premium electric car company Zeekr; SEA EV architecture

Green Car Congress

Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Both parties have also agreed to inject 2 billion RMB (US$307 million) in capital into the company.

Companies 435
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Major companies with large fleets release new EV roadmap for car & truck manufacturers

Green Car Congress

Members of the Corporate Electric Vehicle Alliance presented top vehicle manufacturers, including Volvo, GM, Daimler and Toyota, with a roadmap for developing the types of electric vehicles that companies plan to acquire in the US over the next five years. The analysis was prepared for Ceres by M.J.

Fleet 476
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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

Volvo 320
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Elon Musk Says Tesla Is An A.I. Company. He Should Let Someone Else Make The Cars

InsideEVs

Elon Musk clearly doesn't want to run a car company. So let him run "Tesla" as an AI company, and turn Tesla's car business into its own company.

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Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

Green Car Congress

Volvo Cars has a strategic direction to become fully electric by 2030 and shape the future of mobility. In line with those strategic ambitions, Volvo Cars will divest its 33% holding in Aurobay to Geely Holding. —Javier Varela, chief operating officer and deputy CEO at Volvo Cars. Earlier post.).

Volvo 318
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Volvo Cars Tech Fund makes strategic investment in extreme fast charging battery company StoreDot

Green Car Congress

Volvo Cars, through the Volvo Cars Tech Fund, has made a strategic investment in StoreDot, the pioneer of extreme fast charging technologies for electric vehicles. The investment gives Volvo Cars the opportunity to collaborate closely with StoreDot on new battery technology, as it aims to become a pure electric car company by 2030.

Volvo 284