- Nov 1, 2004
- Stuttgart - Germany
- BMW 325i Cabrio
Daimler, Tesla charge ahead on electric car
German auto giant and electric vehicle maker announce alliance.
Daimler AG and Tesla Motors announced Tuesday that they will partner to manufacture electric cars.
As part of the agreement, German automaker Daimler said it had acquired an equity stake of nearly 10% in San Carlos, Calif.-based Tesla Motors.
The companies said the alliance will "make electro mobility a reality."
"Our strategic partnership is an important step to accelerate the commercialization of electric drives globally," said Thomas Weber, member of the Board of Daimler AG, in a press release.
Tesla Motors designs and manufactures electric vehicles. Its battery-powered Roadster is the only highway-capable production electric vehicle for sale in North America and Europe...