Wednesday, July 24, 2019 10:21:40 AM
24 Jul 2019
Die Welt
Carmaker BAIC has become the second major Chinese investor in Daimler, bringing its electric mobility know-how to the German firm, Florian Gehm reports for Die Welt. BAIC sold nearly 165,000 e-cars in 2018, making it the world’s third biggest producer. It has acquired a 5 percent stake in Daimler. Chinese businessman Li Shufu, head of carmaker Geely, acquired nearly 10 percent of the German company last year. Daimler’s new CEO Ola Källenius said “we welcome very much that BAIC, a partner for many years, now also has become a long-term oriented investor.”
Like all German carmakers, Daimler faces the challenging shift to e-mobility and digitalised mobility services. In March, Daimler announced that its Smart brand would become pure electric, with production in China, the world’s largest car market. The company reported a one-off related loss for the second quarter, vowing to cut cost.
https://www.cleanenergywire.org/news/e-car-leader-baic-becomes-daimlers-second-major-chinese-investor
>>> Trip Advisor IS A GROWING STOCK PICK BOARD NOW <<< *** I take PLUS1 donations *** PREeBCGQKPrikA4C1DmrAizAHFDoiiUZA2
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM