Daimler AG (ticker symbol DAI) has issued its first Green Bond to support CO2-neutral technologies and services. The benchmark Eurobond had a volume of €1 billion, a term of 10 years and an annual coupon of 0.75%. It was more than 4-times oversubscribed. The issuance was arranged by BBVA, BNP Paribas, Commerzbank, Crédit Agricole, SEB and Unicredit.
“CO2-neutral mobility and production is a clear goal and an integral part of our sustainable business strategy,” said Harald Wilhelm, Member of the Board of Management of Daimler AG, responsible for Finance & Controlling/Daimler Mobility, and of Mercedes-Benz AG, responsible for Finance & Controlling. Continue reading












GM Claims Wireless Battery Management for Future EVs
GM claims the wBMS’ basic structure can accept new features as software becomes available.
General Motors claims it will be the first automaker to use an almost completely wireless battery management system for production electric vehicles. This wireless system, or wBMS, developed with Analog Devices, Inc., will be a key to GM’s ability to ultimately power many different types of electric vehicles from a common set of battery components.
It is hoped that – the badly named – wBMS will get GM’s Ultium-powered EVs to market faster because time won’t be needed to develop specific communications systems or redesign complex wiring designs for each new vehicle. It has already sped the creation of more automotive engineering/marketing jargon powered by acronyms. The wireless battery monitoring system will be standard on all planned GM vehicles powered by Ultium batteries. Continue reading →