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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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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. On top of that we can help to ensure that Europe remains at the heart of the auto industry even in an electric era.

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Factorial Energy testing results for 40Ah solid-state battery: 97.3% capacity retention after 675 cycles

Green Car Congress

The testing marks a major performance milestone for Factorial’s technology as the company heads to market and continues discussions with several automakers on supporting the research and manufacturing of EV battery cells.

Energy 459
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thyssenkrupp Steel and Mercedes-Benz expand cooperation to include CO2-reduced steel

Green Car Congress

thyssenkrupp Steel and Mercedes-Benz have agreed to expand their existing cooperation to include CO 2 -reduced steel, and signed a memorandum of understanding to this effect. We are pleased to be able to support our customer Mercedes-Benz on its way to CO 2 -neutral passenger car production.

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

Baua Electric

German car parts manufacturer Continental also said last November that it too was cutting thousands of jobs worldwide as part of a plan to save €400 million ($428 million) a year from 2025. FTC: We use income earning auto affiliate links. The company employs 165,000 people around the world. Get started here.

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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. Cost to manufacture is one of the main considerations. Other factors used to determine the best material for manufacturing parts for vehicles include: Part performance.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year.

Market 52