Daimler purchases €20bn of battery cells

Mercedes-Benz maker Daimler will purchase battery cells worth more than €20 billion over the next decade as part of its continuing investment in the expansion of its electric fleet and related technologies such as the global battery production network.

The company purchases the cells on the world market, ensuring investment in the core competence of battery assembly. The global battery production network of Mercedes-Benz Cars will, in the future, use these cells to create complete batteries in eight factories on three continents. The first factory in Kamenz is already in series production and the second factory there will start series production at the beginning of 2019. Two more factories will be built in Stuttgart-Untertürkheim, one at the company’s Sindelfingen site, and one each at the sites in Beijing (China), Bangkok (Thailand) and Tuscaloosa (US).

Mercedes-Benz Cars is also the first major industrial company to source electricity from German wind farms whose subsidies under the Renewable Energy Act (EEG) expire after 2020. The agreement between Mercedes-Benz Cars and Statkraft ensures the continued operation of six community-owned wind farms.

All German Mercedes-Benz Cars plants are to be supplied with CO2-neutral energy by 2022.

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