Mercedes-Benz Expands Battery-Supply Deal With China's CATL
August 12 2022 - 6:33AM
Dow Jones News
By Kim Richters
Mercedes-Benz Group AG said Friday that it is expanding its
supply agreement with Chinese battery maker Contemporary Amperex
Technology Co.
The German car maker said the battery supplier's new factory in
Debrecen, Hungary, will supply battery cells for the
next-generation Mercedes-Benz models. The agreement builds on a
partnership first announced in 2020, Mercedes-Benz said.
"Through its strategic partnership with CATL, Mercedes-Benz will
advance its development of current and future best-in-class
lithium-ion batteries," the auto maker said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
August 12, 2022 06:18 ET (10:18 GMT)
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