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Israeli company claims fast-charging battery breakthrough – report
News
19th Jan 2021
2 min read

Israeli company claims fast-charging battery breakthrough – report

An electric vehicle (EV) battery capable of five-minute recharges may have been achieved by Israeli company StoreDot. According to The Guardian newspaper, StoreDot claims it's production-ready EV battery can provide 480km of driving range and be fully charged in five minutes – a little more than it takes to fill up the average petrol-powered car. However, the charger used to achieve this feat is far more powerful than commercial plugs currently available to EV drivers.
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Ben Zachariah
Mercedes parent Daimler to invest $114 billion in electric future – report
News
6th Dec 2020
1 min read

Mercedes parent Daimler to invest $114 billion in electric future – report

Daimler has announced it will pour €70 billion (AU$114B) into accelerated development of electric technologies. According to electric vehicle (EV) website Electrek, Daimler – parent company of Mercedes-Benz and associated brands – is investing the money over the coming four years, after the company's Supervisory Board approved its budget to 2025.
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Ben Zachariah
Mercedes-Benz Australia CEO Horst von Sanden announces retirement
News
28th Aug 2020
2 min read

Mercedes-Benz Australia CEO Horst von Sanden announces retirement

The head of Mercedes-Benz Australia, Horst von Sanden, has announced that he will retire at the end of this year. He will be replaced in the top job by Florian Seidler, who previously served as the CEO of Mercedes-Benz South Africa. Mr von Sanden arrived in Australia in 2000 to take the position of General Manager of Marketing. He became Mercedes-Benz Australia/Pacific Managing Director in July 2003, and took on the role of CEO in 2014.
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William Davis
BMW, Daimler, Volkswagen fined for steel cartel
News
22nd Nov 2019
1 min read

BMW, Daimler, Volkswagen fined for steel cartel

Germany's three major automakers, the BMW Group, Daimler (parent of Mercedes-Benz) and the Volkswagen Group, have been fined a total of €100 million ($163 million) for forming a cartel to buy certain steel products. The Bundeskartellamt, Germany's competition commission, says the three car companies met twice a year with steel makers between 2004 and 2013 to set uniform surcharges for the long steel they purchased. Illegally set prices were in use until 2016.
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Derek Fung
BAIC: Chinese carmaker acquires 5% stake in Daimler
News
24th Jul 2019
1 min read

BAIC: Chinese carmaker acquires 5% stake in Daimler

One of China's largest automakers has acquired a five per cent stake in Mercedes-Benz's parent company, Daimler. BAIC Group has been working with Daimler since 2003, and their Chinese joint venture sold 485,000 cars in 2018. Beijing Benz, as the JV is known, is responsible for building the E-Class LWB and C-Class. Another joint venture between the pair, known as Fujian Benz, builds the Viano, Vito and Sprinter in China.
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Scott Collie