Mercedes-Benz to Establish Global Battery Production Network
May 26 2020 - 8:57AM
Dow Jones News
By Sarah Sloat
German auto maker Daimler AG said Tuesday that it will invest 1
billion euros ($1.09 billion) in its global battery production
network.
The investment will support battery production for Daimler's
Mercedes-Benz unit, which is pushing to increase the percentage of
purely electric vehicles in its portfolio.
The battery production network will consist of nine battery
factories at seven locations in Europe, North America and Asia,
with Mercedes-Benz's Accumotive in Kamenz, Germany, playing a role
as a competence center, Daimler said.
At Kamenz, annual production volume will soon surpass half a
million battery systems for hybrid, plug-in hybrid and purely
electric vehicles, the company said.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
May 26, 2020 08:42 ET (12:42 GMT)
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