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Magna to Apple: We Can Build Your Car
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Summary
Based in Stuttgart, Germany, Daimler makers Mercedes-Benz and Smart cars, commercial trucks and vans, and buses. Brands include Mercedes-Benz, Freightliner, Western Star, Fuso, Setra, and Orion. Daimler Financial Services provides the company s dealers and its customers with vehicle financing. Daimler owns 3% each of Renault and Nissan, 15% of Russian truck maker Kamaz, and 10% of Beijing Automotive Group. Li Shufu, chairman of Chinese automaker Geely Automobile, owns 10% of Daimler. Other major shareholders include Kuwait Investment Authority at 7%, Beijing Automotive group at 5%, and Renault-Nissan Alliance at 3%.
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QuantumScape’s Solid-State Battery Could be the Breakthrough EVs Need – But it’s in a Race to be First
New tech may address energy density, charging, cost and other issues.
QuantumScape appears to be closing in on mass producing solid-state batteries for cars.
While lithium-ion batteries have improved significantly since the technology went into automotive production a decade ago, they still fall short of what some experts believe will be needed to make electric propulsion truly competitive with the internal combustion engine, at least until a true breakthrough comes along.
Now, however, decade-old research company QuantumScape finds itself in the spotlight as it rolls out a new technology that could substantially boost power – and range – enough to make battery-drive systems viable not only for automobiles but also for aircraft. Its claims have won over the backing of Volkswagen AG, the German automaker planning to invest nearly $90 billion on electri