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Earlier this year, Mercedes announced that the major plant at Unterturkheim would be transformed into production of electric motors. Now the company is starting to make batteries there. Reported Investor.
The Unterturkheim plant is one of the oldest and largest plants of the conventional-engine car company and its re-orientation to electric models is significant. The company has reached an agreement with local workers' unions to unlock 250 new e-mobility jobs.
A little earlier, Daimler announced that it would build a giant battery factory in Germany. They was also announced an investment of $ 740 million in a battery factory in China. The new production capacities are announced at a time when the Smart brand is going all the way to the production of electromotors, and by the end of the decade, the first products of the new Mercedes EQ.
By 2025, Mercedes-Benz expects all electric cars to account for between 15% and 25% of their sales, which is a more aggressive strategy than many competing manufacturers.
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German automotive giant BMW has announced that it has signed a deal with a Chinese supplier to cover all its lithium needs for battery electric vehicles over the next five years.
The European Commission's anti-trust body has approved billions of euros in state aid to the electric battery industry.
The Volkswagen automotive concern has started manufacturing electric vehicles ID 3, according to the German newspaper Spiegel.
One of South Korea's largest companies is currently exploring Bulgaria and two other countries for investment of more than € 1.
Two new-generation battery factories developed under the Franco-German project will be built respectively in France in 2022 and in Germany in 2024.
German designer and architect Luigi Colani, who worked for industrial companies, car companies, furniture and technology companies, died in Karlsruhe at the age of 91, according to worldwide agencies, BTA reported.
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
In a latest twist to the unfolding saga of political intrigue, the Sofia City Prosecutor's Office has announced charges against former Interior Ministry Secretary General Zhivko Kotsev, implicating him in an alleged criminal group
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
