Tesla in deal with Daimler (part zwei)

[doug]

As expected, the strategic partner is Daimler. Daimler will make a formal announcement about it tomorrow morning at 7am EDT.

StreetInsider.com - Daimler to Announce Strategic Partnership

Daimler to Announce Strategic Partnership

May 18, 2009 2:18 PM EDT
Daimler AG (NYSE: DAI) will announce a new strategic cooperation to make electro mobility a reality.

Press is invited to join the live webcast of the announcement press conference in Stuttgart, Germany, on Tuesday, May 19 at 7:00 am EDT. Login to live Webcast on May 19 at 7:00 am EDT English: Webcast Press Conference, May 19th, 2009 | Daimler > Technology & Innovation

Dr. Thomas Weber, member of the Board of Management of Daimler AG responsible for Group Research & Mercedes-Benz Cars Development, will present details of the partnership jointly with a key executive of our strategic partner.

 

[TEG]

Cool. Now we are talking.

 

[TEG]

• Will Daimler Announce An Investment In Tesla Tomorrow? (DAI)
• Greentech Media: Daimler Set to Announce Electric Car Deal
  

 

[AnOutsider]

Interested to see what this holds.. will they just buy out tesla and use the tech? Will they invest in them and be able to use the tech by association?

I sincerely hope tesla doesn't roll into their company and we start getting Chrysler crap. I'm a fan of just about all VWs but that Routan is an abomination.

 

[TEG]

• Daimler to announce "strategic partnership" for EVs tomorrow
• Daimler Will Announce EV Deal… With Tesla? | Autopia | Wired.com
• Daimler and Tesla up to something? - Britsongreen

 

[TEG]

Do we get a world standard for a plug?

?

 

[AnOutsider]

• Daimler Will Announce EV Deal… With Tesla? | Autopia | Wired.com

Posted by: JimBullis | 05/18/09 | 8:34 pm

Maybe the people at Daimler that understand physics will not stand by while management gets sucked in to the gold rush for American electric car subsidies. When we figure out that plugging in cars actually makes CO2 worse, and those subsidies dry up, Daimler will have a problem rivaling that problem they had owning Chrysler.

Don't you just love opinionated statements that include no facts or reasoning to back them up?

 

[stopcrazypp]

Interested to see what this holds.. will they just buy out tesla and use the tech? Will they invest in them and be able to use the tech by association?

I sincerely hope tesla doesn't roll into their company and we start getting Chrysler crap. I'm a fan of just about all VWs but that Routan is an abomination.

I'm also hoping it's more of a investment or partnership rather than a full buyout. Like you I recognize the cost cutting crap that they did to Chrysler which is for the most part why they are in their situation today.

 

[mt2]

My uneducated guess is that Daimler gets battery packs and drive trains while Tesla gets Li-Tec cells at a deep discount. (Perhaps the "new chemistry" behind the 300 mile range)?

 

[TEG]

Is this going to be the 'brass ring' or a 'life preserver'?

 

[Picasso]

hehe

My uneducated guess is that Daimler gets battery packs and drive trains while Tesla gets Li-Tec cells at a deep discount. (Perhaps the "new chemistry" behind the 300 mile range)?

No such thing as a deep discount we still need volume for that.

 

[doug]

watch the announcement live:
Webcast Press Conference, May 19th, 2009 | Daimler > Technology & Innovation

Getting started... dude speaking German... now in English.

Elon is there.
"Investment from Daimler"

future partnership extended to fields like battery tech
including battery management
as well as electric drive support from Tesla
exchange of automotive know how for the benefit for both companies.

 

[Picasso]

wow

"We paid double digit million dollar sum for 10% stake and there are future options as part of the contract,"

 

[graham]

Any ideas of what 10% means in dollars? Can we guess $20 million dollars of the $200 million invested in Tesla thus far? Or is it not that simple?

 

[felix pius]

Wow, sounds really good for both Tesla and for Daimler. This will speed up the electric mobility.

Thomas Weber talked not only of the production of the E smart, but suggested also an electric sportscar, made by daimler.

With this, on Tesla`s side, the production of the model S should be possible and on track until 2011/2012?

Exciting times!

 

[doug]

I took a few notes which I'll try to clean up for another post.
But the bottom line is Daimler gets a seat on Tesla's board. Tesla has cell packaging technology and electric drive experience, Daimler has experience with everything else. So they will help each other out in that respect.

 

[dpeilow]

Daimler Takes 10% Stake In Tesla

 

[mpt]

Daimlers last hook up was Chrysler and out poped the Crossfire; think what you will (looks like a dog doing it's #2's from the side) but, it stands head and shoulders above other cars in Chryslers recent history.

The Model S has been striped in these pages and the E-Class bits identified http://www.teslamotorsclub.com/tesla-model-s-whitestar/2472-doug-model-s-reveal-3.html#post24040

This is a good thing indeed.

 

[dpeilow]

Maybe there was a clue at the end of last year:

Evonik and Daimler Establish Strategic Alliance for the Development and Production of Lithium-Ion Batteries | Daimler > Technology & Innovation > News

Evonik Group subsidiary Li-Tec is set to make a significant contribution to the success of this continued development. On 15 December 2008, Daimler AG takes over 49.9 percent of Li-Tec Vermögensverwaltung GmbH (Li-Tec). Evonik Industries AG already holds 50.1 percent. Both partners are seeking the involvement of a third shareholder in Li-Tec with expertise in electrical and electronic systems integration.

 

[doug]

Looks like for the time being you can rewatch the press conference again yourself. Same link as before:

Webcast Press Conference, May 19th, 2009 | Daimler > Technology & Innovation