Daimler goes electric
Daimler is pumping $1billion into its Alabama factory to manufacture fully electric vehicles and batteries in the US, with work on a new battery plant slated to begin as soon as next year. And that could tie in nicely with the company’s recent investment in Israeli start-up StoreDot, which is looking to develop technology to fully charge an EV in a mere five minutes.
StoreDot picked up $60 million in its latest investment round and will use the cash on FlashBattery technology to create new generation lithium-ion tech. The company reckons vehicles with a pack comprising hundreds of FlashBattery cells can store enough energy for up to 300 miles range on a quick charge.
Daimler is also placing bets on hydrogen via the German H2 Mobility project that also comprises Shell and gas outfit Linde. The initiative gives Germany the largest hydrogen network in Europe.
More out there is Daimler heading up a €25 million round in German start-up Volocopter, which is looking to provide a self-driving flying taxi service in Dubai…