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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Radian Group Inc | TG:RAG | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.60 | -2.10% | 28.00 | 27.80 | 28.00 | 28.00 | 28.00 | 28.00 | 6 | 20:29:17 |
From Jun 2019 to Jun 2024
Daimler AG (DAI) and German industrial conglomerate Evonik Industries AG said Monday they will team up to jointly develop and produce lithium-ion batteries for electric cars, confirming several media reports published over the weekend.
To this end, Daimler said it would acquire 49.9% of Li-Tec Vermoegensverwaltung GmbH as of Dec. 15. Evonik holds the remaining 50.1%.
Furthermore, the two companies will set up a joint venture to develop and produce batteries and battery systems for automobiles, in which Daimler will hold a stake of 90% and Evonik 10%.
Daimler said its investment in these battery projects would be in the low three-digit million euro range.
Company Web site: www.daimler.com
-By Dorothee Tschampa, Dow Jones Newswires; +49 69 29 725 114; dorothee.tschampa@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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