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Daimler Takes 10% Stake in Tesla; Strategic Partnership to Collaborate on Future Models

Green Car Congress

The two companies have already been working closely to integrate Tesla’s lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler’s electric smart car. In March, Daimler founded the Deutsche Accumotive GmbH, a joint lithium-ion venture with Evonik Industries AG. Earlier post.).

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Daimler buys stake in Tesla

Green Cars News

Tesla is the only production automaker selling a highway capable electric vehicle in North America and Europe, and as such Daimler’s investment will see the company furthering its development of battery-run cars. So far, 100 smart electric cars have already been undergoing large-scale trials in London since 2007.

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Daimler takes stake in Tesla Motors

Green Cars News

Daimler has taken a near 10 per cent stake in Tesla Motors following a successful partnership between the two in integrating Tesla’s lithium-ion battery packs and charging electronics into the first 1,000 units of the Smart car.