The global truck manufacturer Daimler Truck AG announced to produce and distribute Mercedes-Benz tractors in China in joint venture with Beiqi Foton Motor Co., Ltd. As per agreement the joint venture company Beijing Foton Daimler Automotive Co., Ltd. (BFDA) will localize new heavy-duty tractor models Made in China for China, fully adapted to Chinese customers requirements.
- Start of production of the heavy-duty tractor models is scheduled in two years from now in a new truck plant in Huairou (Beijing) owned by BFDA.
- Daimler Truck will continue to import and sell other models of its Mercedes-Benz portfolio both through the existing dealer network and direct wholesale to answer the customers need for top-of-the-line trucks for special applications for example concrete pumps for Chinas rapidly growing construction sector.
The prominent deals and joints ventures by Daimler are mentioned below:
Nov 2020: Daimlers luxury automotive brand Mercedes-Benz announce the local production of the first-ever AMG vehicle in India – the AMG GLC 43 4MATIC Coupé. The new Mercedes GLC 43 4MATIC Coupé comes with a choice of five drive programs: Slippery, Comfort, Sport, Sport+ and Individual.
Nov 2020: The Volvo Group announced a joint venture agreement with Daimler Truck AG to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks and other applications. The Volvo Group will acquire 50% of the partnership interests in Daimler Truck Fuel Cell GmbH & Co. KG for approximately $707 milliion.
Aug 2020: The leading battery manufacturer and technology company CATL (Contemporary Amperex Technology Co., Limited) and automotive company Mercedes-Benz announced the next stage of their strategic partnership to create cutting-edge battery technology in support of the high-volume electrification of the Mercedes-Benz model portfolio.
July 2020, To fight against the spread of COVID-19, luxury car manufacturer Mercedes-Benz has started operation of a production plant for mouth and nose masks at its Sindelfingen plant, in Germany. The fully automatic production line has a daily capacity of more than 100,000 masks.
July 2020: Mercedes-Benz has announced a strategic partnership with the Chinese battery cell manufacturer Farasis Energy Co., Ltd., including taking an equity stake. This is another important step on its journey towards CO2–neutral mobility.
May 2020: Daimler Truck AG signed an agreement with the British technology group Rolls-Royce plc to cooperate on stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities such as data centers.
April 2020: The worlds leading commercial vehicle manufacturer Volvo Group announced an agreement to establish a new joint venture with Daimler Truck AG to develop, produce and commercialize fuel cell systems for heavy-duty vehicle and other applications.
January 2020, Mercedes-Benz AG and Zhejiang Geely Holding Group, the German and Chinese automotive groups, announced that they have formally established the global joint venture smart Automobile Co., Ltd. for the smart brand after receiving the regulatory approvals.
About Daimler AG
Daimler AG, headquartered in Stuttgart, Germany, is one of the largest global producers of premium cars and other commercial vehicles. The company has a workforce of approximately 298,700 people worldwide, with production facilities in Europe, North and South America, Asia, and Africa region. The companys brand portfolio includes, premium automotive brand -Mercedes-Benz as well as Mercedes-AMG, Mercedes-Maybach and Mercedes me, the brands smart, EQ, Western Star, BharatBenz, FUSO, Freightliner, Setra and Thomas Built Buses, and Daimler Mobility brands: Mercedes-Benz Bank, Daimler Truck Financial, Athlon. Daimler AG also provides insurance and financial services.