Tomorrow morning, May 19, Daimler will be holding an online press conference to make what it calls a major announcement in the EV space. Management board member Dr. Thomas Weber and a key executive of one of the company's suppliers will make an announcement about a strategic investment. While Daimler is not giving any details right now about which company this might be or the nature of the investment, we're told by our sources that the partnership is with Tesla.

Tesla is supplying battery packs and charging systems to Daimler for use in its second-generation electric Smart. That particular deal is only for about 1,000 cars that will be used in an international test fleet. Tesla seems an unlikely partner for any production programs for Daimler. Daimler already has a joint venture with Evonik to produce lithium ion batteries and long standing relationships with suppliers like Bosch and Continental for electronics and motors as well as other systems.

On the other hand, a Tesla investor dropped a hint about a possible investor last week, so who knows. To find out virtually live what gets announced, come here to ABG at 7 a.m. eastern time Tuesday. We'll have a live blog of the event.

[Source: Daimler]


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