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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., The stake will give Daimler the option to nominate a representative for a seat on the supervisory board of the battery cell manufacturer. including taking an equity stake.

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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG. The steps toward implementation will be taken in 2018 and 2019. The measures approved by the boards today require the final approval of the shareholders as a next step.

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

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Nikola has logged more than $10 billion in pre-order leases to date; its joint venture with European industrial vehicle manufacturer IVECO make it a viable competitor to other OEMs. Mark Russell, who has more than 20 years of experience building and managing companies in the manufacturing industry, will serve as the CEO of Nikola.

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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

All car manufacturers seem to be following in the same footsteps as Tesla. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% in the April report for the Institute for Supply Management’s Manufacturing Index.

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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

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This follows a similar growth in 2019. The company acquired major new clients in the last months, including a world leader in renewable energy production and a leading hydrogen bus manufacturer. Ellex Raidla acted as legal advisors to Skeleton Technologies. —Taavi Madiberk, CEO and co-founder of Skeleton Technologies.

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WHYY reports Philadelphia’s Proterra electric bus fleet sidelined due to cracked chassis and other defects

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In a follow-up report on 15 July, WHYY’s Ryan Briggs wrote that: Externally, SEPTA has said little about the failed battery bus program or its progress in restoring the buses to service, insisting that it is working on a “resolution” with the bus manufacturer. Cracking did recur, in some instances atop prior repairs.

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Bollinger Motors previews B2 electric pickup

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The new street-legal B2 Pickup truck leverages the company’s development of the B1 Sport Utility Truck. Bollinger Motors recently relocated its headquarters from New York to Michigan to take full advantage of the automotive manufacturing network based in and around Detroit. Earlier post.).

Motor 284