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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., In order to be able to meet increasing demand for German Mercedes-Benz plants in the future, Farasis is building a plant for battery cells in Bitterfeld-Wolfen; creating up to 2,000 new jobs.

Mercedes 396
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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress

The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The initial stage of the cooperation will provide for the joint development of two VW-brand electric models for the mid-size segment in the Chinese market.

Audi 282
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Daimler and Bosch jointly premiere Automated Valet Parking in China

Green Car Congress

The infrastructure-supported driverless parking technology, which made its debut in the parking garage at the Mercedes-Benz Museum in Stuttgart in 2017 ( earlier post ), marks the first pilot of its kind in China. Daimler’s China R&D efforts began in 2005 with the first localized Mercedes-Benz E Class. strategy.

China 285
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

China controls the market for nearly 35 precious minerals and metals that are important to the U.S. According to the USGS in its Mineral Commodity Summaries 2019 report [ 2 ] , “World tungsten supply was dominated by production in China and exports from China.”. Domesticating Raw Materials to Ease an Already Strained Demand.

Supplies 380
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Morgan Stanley acknowledges Tesla’s tendency to attract exaggerated media coverage

Teslarati

In a recent note about Tesla’s future in China, Morgan Stanley (MS) acknowledged the company’s tendency to attract exaggerated media coverage. The investment bank shared some insights from its China Autos and Auto-related team in a note about American EV company.

China 145
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Faraday Future promised $1.5 billion, says FF 91 will arrive by end of this year

Green Car Reports

Now struggling Faraday Future, the electric-car startup firm whose entrepreneurial Chinese backer is facing legal action in his home country, appears to have found a well-heeled savior. The new investor.

Future 85
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BMW teams up with Baidu in autonomous driving project in China

Green Car Congress

Now, BMW is embarking on a research project which will pave the way for highly automated driving in China. Over the next two years, the BMW Group will build prototype research vehicles for use in highly automated driving trials on Chinese roads. In addition to the safety aspect, the aim is to enhance comfort and efficiency as well.

BMW 247