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Daimler takes a 10% stake in Tesla Motors

Posted May-22-09 at 12:00 AM By Jackie
California based car manufacture Telsa motors expanded there partnership with the second largest car manufacture, Daimler-Benz today. Daimler has acquired a 10% stake in the company. The partnership will help equip Mercedes-Benz vehicles with Tesla’s technology of lithium-ion batteries. Daimler has already been experimenting with their batteries in a fleet of 100 smart cars, which are moving into limited production. With this agreement, Mercedes plans to come out with there first battery powe [...more]

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Posted in: Auto industry news Tags: daimler takes stake in Tesla Daimler-benz tesla motors