As well as Volvo saying they will only produce battery inclusive vehicles from 2019 we now have another $735M USD going into a China EV manufacturing outfit!!! The potential market demand keeps growing..
BAIC, Daimler and Daimler Greater China have reached a basic agreement to jointly put another 5 billion yuan ($735 million) into Beijing Benz Automotive, a joint partnership, to introduce Daimler electric cars and set up production facilities for batteries for new energy cars for the Chinese market, the statement said.
http://asia.nikkei.com/Markets/Equities/BAIC-shares-up-on-Daimler-joint-EV-investment
Regards
As well as Volvo saying they will only produce battery inclusive...
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