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New battery Gigafactory? Neah Power Terawatt ? battery giga needs in news

Just a few weeks after unveiling its own new battery Gigafactory for electric vehicles in Germany, Daimler is now announcing a new $740 million battery factory project in China.

The new factory will support the production of batteries for electric vehicles under the Mercedes-Benz brand.


It’s the first major project as part of Daimler’s new investments in electric vehicles through its joint-venture with BAIC in China.

Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain, commented on the announcement:

“Building another premium eBattery factory is the next step in the implementation of our electric strategy. Thus, we have the first foreign location in our global battery production network. The local production of batteries is crucial in order to meet the demand for electric vehicles flexibly and efficiently,”


https://www.thenational.ae/business/khaldoon-al-mubarak-interview-mubadala-investment-already-active-on-the-deal-path-1.662604

Mr Al Mubarak provides more colour on Mubadala Investment’s journey so far, highlighting its investment in chip developer AMD which Mubadala Development made in 2007 with an initial investment of $622m. The shares subsequently went on a roller coaster ride, but Mubadala held on throughout, even increasing its stake. It eventually pivoted the holding into a broader manufacturing-related deal to benefit its GlobalFoundries chipmaking asset before divesting a chunk of its AMD shares in two transactions this year – in March and August – for a reported $1.1bn.

“It was extremely challenging at times [as] the stock took some difficult cycles over the years. We were patient, we continued to be a supportive shareholder, we were the largest shareholder in AMD for many years…now AMD it is doing extremely well, has a fantastic management team, the stock price has rebounded very nicely over the last eighteen months and we took the opportunity this year to monetise 85 million shares of AMD, realising a healthy profit for Mubadala while maintaining a 12.9 per cent shareholding,” he says.

While Daimler is making significant investments in battery production, they are still not producing battery cells. Like the one in Germany, the new factory will produce battery modules and packs, but they will be sourcing the cells from elsewhere.

http://www.thedrive.com/aerial/14642/volocopter-passenger-drone-successfully-takes-dubais-crown-prince-on-5-minute-flight

he eye in the sky is well and alive in Dubai. Just yesterday, German company Volocopter, funded by automaker Daimler, successfully tested its flying taxi prototype by transporting Crown Prince Sheikh Hamdan bin Mohammed 200 meters into the air for five entire minutes.

Dubai has been a hotspot for companies like Nokia and Uber to test their unmanned aerial vehicles and air traffic management systems. Even Dubai’s own police force has been tinkering with how to best implement drones into law enforcement, together with Singapore company OTSAW. In July, we reported on the Dubai's plans for standardizing drone delivery by March of 2018.

Of course, that’s a pretty short trip, but a company testing its flying taxi service, successfully, with actual royalty from the region, is a substantial step forward in actually pulling this flying taxi service closer to reality.

According to Engadget, the automated electric drone takes off and lands like your standard consumer drone: vertically, like a helicopter would. This, of course, allows it to land in tight spaces, as opposed to requiring a runway. The goal is to provide 30-minute flights in Dubai, and securing one as easily as somebody hails a cab. Through your smartphone, of course. Here's the Volocopter being presented at the 2017 Frankfurt Motor Show a few weeks ago.