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Aabar to buy stake in Tesla
- United Arab Emirates: Tuesday, July 14 - 2009 at 10:47
Daimler AG has said it has sold 40% of its equity interest in Tesla Motors Inc., a leading producer of electric vehicles, to its new major shareholder, Abu Dhabi-based investment firm Aabar Investments. The new deal allows the two firms to leverage their shared interest in the development of low-CO2 drive systems. The two companies have already agreed to cooperate on the integration of Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric smart car.
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