FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke
FRANKFURT - German luxury carmaker Daimler on Friday said it will deepen a strategic partnership with Farasis Energy Co., Ltd, a pact which includes taking an equity stake of around 10% in the Chinese battery cell manufacturer. The alliance aims to develop highly advanced cell technologies to increase vehicle range and cut charging times.
Farasis will build a plant for battery cells in Bitterfeld-Wolfen and Daimler Greater China will invest a multi-million euro amount as part of Farasis’ IPO, Daimler said. This will give Daimler the option of nominating a representative for a seat on the supervisory board of the battery cell manufacturer, the Stuttgart-based carmaker said in a statement.
now that is sheer innovation. its amazing how people are able innovate during these hard times. that alone will revolutionized the trucking industry. great job such great stuff
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PasteMagazine - 🏆 392. / 55 Read more »
Source: glamour_fashion - 🏆 119. / 63 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: NYMag - 🏆 111. / 63 Read more »
Source: MSNBC - 🏆 469. / 51 Read more »