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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

The Daimler Truck business will have fully independent management, stand-alone corporate governance including an independent Chairman of the Supervisory Board, and is targeted to qualify as a DAX company. With targeted partnerships we will accelerate the development of key technologies to bring best-in-class products to our customers rapidly.

Companies 497
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

With this investment, Daimler is proving its strong support for BAIC Motor’s intention to launch an initial public offering (IPO) in the future. Furthermore, BAIC will increase its stake in the production joint venture Beijing Benz Automotive Corporation (BBAC) by 1% to 51%. BMBS); Mercedes-Benz Auto Finance Ltd.

Chinese 259
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Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

Green Car Congress

Cavnue, a subsidiary of Sidewalk Infrastructure Partners (SIP) with a focus on building the future of roads, has been selected by the state to serve as Master Developer of the corridor project. Subsequent construction and implementation would be part of future phases of the project, to be determined following the initial 24-month period.

Michigan 221
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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

The company has recently opened an Italian branch based in Turin, Italy, to expand its presence in the Italian and European markets and accelerate the energy transition to a more sustainable future through electric mobility. Since raising an investment round of $3.6

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Daimler to take 12% stake in BAIC Motor

Green Car Congress

This move comes ahead of an intention by BAIC Motor to launch an initial public offering (IPO) in the future. Our investment is a strong sign of the increased level of trust and cooperation between our two companies and clearly emphasizes the long-term commitment to a joint successful future of our two companies.

Motor 247
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Centre, Maharashtra govt plan to expand PM Suryoday scheme in the state | Autocar Professional

Baua Electric

They aim to achieve this target through tie-ups with various last-mile logistics, mobility service providers and non-banking financial corporations to support ongoing schemes. For this, the central ministry will dip into its Rs 14,500-crore budget, through which it funds all states. and MahaPreit, the state’s renewable energy wing.

Solar 52
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150