Mercedes acquires UK electric motor start-up YASA

Thursday, 22. July 2021 14:15

Mercedes-Benz announced on Thursday that it has acquired YASA Limited, a British manufacturer of electric motors and motor controllers which spun off from Oxford University in 2009.

Mercedes and YASA, which has been working with the German carmaker for the past 2 years, haven't disclosed the details of the deal yet.

Earlier this month, the German company unveiled that its sales of plug-in-hybrids and all-electric cars soared 305% in the year's first half.

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Breaking the News / BU