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Mercedes-Benz to become equal shareholder in Automotive Cells Company (ACC) with Stellantis and TotalEnergies

Green Car Congress

Mercedes-Benz is taking an equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules. Joining ACC is the next step on the luxury car maker’s strategic course from “Electric first” to “Electric only”.

Mercedes 221
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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe. BMW stock chart by TradingView.

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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. The company employs 165,000 people around the world.

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. ACC is a joint venture between Stellantis, TotalEnergies and Mercedes-Benz Group. billion) investment. The French plant should start mass production soon.

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Genesis unveils next step in performance EVs

Teslarati

Genesis has unveiled the GV80 electric SUV concept, which shows an unusual next step in performance EVs for the brand. Genesis has been on a mission to take on the world’s top luxury automotive brands since its inception, but it has never been closer to competing with the likes of BMW and Mercedes than now.

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Daimler and BYD restructure DENZA joint venture to 10:90

Green Car Congress

and its long-term Chinese partner BYD Auto Industry Co., In 2010, both companies signed the contract for the 50:50 research and technology joint venture BYD Daimler New Technology Co., In July 2021, Daimler announced it plans to go “all electric” by the end of this decade, where market conditions allow.

BYD 186