Daimler AG appears to be pulling along its largest single investor notwithstanding a ride with the company's recent investment into industry-disruptive electric-car maker Tesla Motors Inc. Daimler reportedly is selling a parcel of its 10-percent holding in Tesla to Abu Dhabi's Aabar Investments PJSC.
The dole out will give Aabar about 4 percent of Tesla, Bloomberg reports.
Daimler said it power of choosing use Tesla-developed lithium-ion battery packs in a trial fleet of 1,000 of Daimler's smart cars converted to run entirely on electricity.
Aabar Chairman Khadem Al Qubaisi said in a account that the partnership with Daimler in Tesla is part of its "desire to focus adhering the development of electric vehicles and projects aiming at the reduction of carbon dioxide emissions."
Tesla itself is striving to expand beyond its initial electric model, the high-performance 2-seat Roadster, and last month was announced as the receiver of $465 million in advanced-technology loans from the U.S. Department of Energy. Tesla is a little while ago working to tool an assembly plant in southerly California to produce a second model, a 4-door sedan called the model S that is scheduled for production in 2011.
A separate Tesla plant in the San Francisco sunken space adjoining the basement will produce the battery packs and charged with electricity powertrains for both Tesla models and the electric variants of Daimler's smart car.
Photo:
Tesla Model S (courtesy Tesla Motors Inc.)
Source: www.autoobserver.com
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