Daimler AG announced today that it has acquired an equity stake of nearly 10 percent in Tesla Motors, which strengthens their already existing relationship. The two companies have already been working on integrating Tesla’s lithium-ion battery packs into 1,000 units of the electric Smart ForTwo. The 1,000 units of the second-generation Smart ForTwo with electric-drive will be used in projects in Berlin and Italy.
As part of Daimler’s stake in Tesla Motors, Prof. Herbert Kohler, Vice President E-Drive and Future Mobility at Daimler AG, will take a seat on Tesla Motor’s board of directors.
Daimler said that this year, Mercedes-Benz will introduce a limited-series production...
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