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Daimler divests remaining interest in Tesla

Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has announced it is selling that 4 percent and divesting from Tesla altogether in a liquidation that is expected to raise approximately $780 million for Daimler. The divestment has also triggered speculation that the move could make room for rival German automaker BMW to take an interest in Tesla.
Despite the divestment, Daimler insists that its technological partnership with Tesla will remain unaffected. Mercedes sources the batteries for its B-Class Electric Drive (pictured above) from the Californian outfit in a deal that is not set to change as a result of the financial realignment. A similar collaboration was in place for the Smart Fortwo Electric Drive, however, now that the new generation of Smarts developed with Renault is on its way, it's possible that a next-generation Fortwo ED will use French tech instead as an extension of the partnership between Daimler and Renault-Nissan.
Daimler has also taken the occasion to point out that, between the Mercedes, Smart and various truck brands, it offers "the industry's biggest portfolio of electric vehicles," including pure EVs, fuel cells and hybrids. The automaker says it will introduce ten new plug-in hybrid Mercedes models by 2017.

Recharge Wrap-up: Ohio State wins EcoCar 3 Year One, Renault video praises environmental benefits of EVs

A new video from Renault touts the benefits of electric vehicles. The video covers how EVs can help improve the air we breathe and mitigate climate change. It looks into the future at how the air of various metropolitan areas would improve with the adoption of electric cars. It focuses on how EVs help reduce not just CO2 emissions that put the climate in jeopardy, but gases and particulate matter that directly affect the human health. A study in Rome shows that if 10 to 20 percent of the vehicles were electric, particulate pollutants that cause respiratory and heart diseases would decrease by 30 percent, with nitrogen dioxide decreasing 45 percent. "The solution already exists," the video says, "and it is quite accessible for most of us." See the video above, and read more in the press release below. Ohio State University has won Year One of EcoCar 3. Winning the Year One trophy in the competition to create eco-friendly technology and incorporate it into a Chevrolet Camaro, the team defends its title from EcoCar 2 and wins $10,000 in prize money. "This year really lays the foundation vehicle development, which is critical step in the process for future success," says Ohio State University Engineering Manager M.J. Yatsko. "We have already begun vehicle dynamic analysis for next year and are excited to share some of our innovative features we plan to integrate into our vehicle." Teams receive their Camaros this fall, and will use the next years to install, test, and refine their technologies. Read more from the US Department of Energy. Advanced Microgrid Solutions will use up to 500 megawatt-hours of Tesla batteries for grid-based energy storage. It will install the Tesla Powerpack systems for storage in commercial and industrial facilities to help balance the grid load. It offers greater reliability for the grid, and cost saving for customers. "Tesla's focus on performance and design makes them the stand out technology choice for our projects," Says Advanced Microgrid Solutions CEO Susan Kennedy. "AMS' projects require intelligent, powerful and scalable energy storage solutions. Tesla's technology gives us the edge we are looking for." Read more in the press release from AMS. The National Electric Drag Racing Association has announced the Inaugural 2015 NEDRA Points Championship Series. It borrows rules from NHRA and IHRA, and seeks to put vehicle consistency and driver skill at the forefront.

Is BMW the only real competition to Tesla Motors?

Tesla Motors chief Elon Musk probably isn't losing a ton of sleep over the new plug-in efforts by the makers of the "Ultimate Driving Machine," but maybe he should. That's what the Motley Fool is saying, presenting the case that the California company's real competition will come from BMW. What about the plug-in efforts of General Motors or Ford? Musk can hit the snooze, Motley Fool says. Unlike automakers that are "jamming battery packs into the existing vehicle design," BMW has built its i3 battery-electric and i8 plug-in hybrid supercar from the ground up. Like Tesla, BMW puts its battery packs into the floor of its vehicles. Most importantly, the i3 - and especially the i8 - are real performers. While the i8 is about 40-percent more expensive than the Tesla, it matches the Model S's 0-60 mile per hour acceleration times and handily beats its top speed figures. Tesla sold about 6,900 vehicles during the last three months of 2013 and BMW had more than 10,000 i3 orders on the books by late November and the first year's allotment of i8s is already sold out. The German automaker has what the Fool calls an "outside chance" of selling more plug-in vehicles than Tesla by next year, but Tesla is gearing up its gigafactory to get ready to sell a half-million EVs in 2020, so the race is most certainly on. You can read more over on the Fool.