By Patrick Costello

 

Daimler AG's (DAI.XE) Mercedes-Benz said Tuesday that it plans to build a battery factory at its production site in Jawor, Poland, as part of its electric car initiative.

Mercedes is extending its global battery production network to nine factories on three continents with the addition of the Jawor battery factory, it said. Up to 300 new jobs will be created at the site in Poland as a result, it said.

Mercedes said it is investing "more than one billion euros in a global battery-production network", although it didn't disclose the volume of investment for the battery factory in Jawor.

The German car maker's production site in Jawor is currently under construction, with engine production set to start later this year. Production of batteries for vehicles in Mercedes's EQ product and technology brand is slated to start at the beginning of the next decade, Mercedes said.

The battery factory in Jawor is the second-largest investment at the new Mercedes-Benz site, it said.

 

Write to Patrick Costello at patrick.costello@dowjones.com.

 

(END) Dow Jones Newswires

January 22, 2019 05:44 ET (10:44 GMT)

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