Feeds

Daimler buys ten per cent of Tesla

Joint e-car manufacture to follow?

Boost IT visibility and business value

Leccy Tech Mercedes-Benz maker Daimler AG has acquired a ten per cent stake in US e-car maker Tesla Motors for a “double-digit million Euro sum”.

The pair today announced that, in the immediate future, Tesla will supply battery packs for Daimler’s Smart electric vehicle – scheduled for worldwide availability in 2012.

daimler_telsa_agreement

Executives from Tesla (left) and Daimler (right) shake hands after the deal

Under the terms of the partnership, Daimler and Tesla will also work together on battery management, cooling issues and the development of electric vehicle drive trains.

Daimler will provide Tesla with vehicle testing and component support, the latter of which should allow Tesla to rifle Mercedes-Benz’ parts bin for Model S bits and to take advantage of its production and engineering expertise.

A Daimler executive will also take a seat on Tesla's board.

Neither firm mentioned plans for combined vehicle manufacture, but it’s not difficult to imagine Tesla EVs rolling off the Mercedes-Benz production line in Vance, Alabama.

During a questions period at today’s announcement, Tesla’s CEO, Elon Musk, made an interesting comment about its battery packs. Apparently, they will retain 20 per cent of their value - even at the end of their useful life - due to the value of their component metals, which makes re-cycling environmentally and commercially attractive. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
LOHAN packs bags for SPACEPORT AMERICA!
Spanish launch goes titsup, we're off to the US of A
Gigantic toothless 'DRAGONS' dominated Earth's early skies
Gummy pterosaurs outlived toothy competitors
'Leccy racer whacks petrols in Oz race
ELMOFO rakes in two wins in sanctioned race
TRANSMUTATION claims US LENR company
Ten points of stuff out of a five pound bag
Boffins ID freakish spine-smothered prehistoric critter: The CLAW gave it away
Bizarre-looking creature actually related to velvet worms
CRR-CRRRK, beep, beep: Mars space truck backs out of slippery sand trap
Curiosity finds new drilling target after course correction
BAT-GOBBLING urban SPIDER QUEENS swell to ENORMOUS SIZE
But they'd lose a deathmatch against the coming Humvee-sized, armoured Arctic ones
Astronomers scramble for obs on new comet
Amateur gets fifth confirmed discovery
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?