Daimler's Mercedes-Benz car division plans massive €1bn+ investment in battery production for electric vehicles


By Jim Gibbins - 1st June 2020

Germany - Mercedes-Benz AG of Stuttgart, Germany, is investing more than one billion Euros to establish a global battery production network for Mercedes-Benz Car operations. This battery production network will consist of nine factories at seven locations on three continents - Europe, North America and Asia - in order to meet future global demand for electrified vehicles.

Mercedes-Benz’s wholly-owned subsidiary, Deutsche Accumotive GmbH & Co. KG (Accumotive) in Kamenz, Germany is to be the primary competence centre. It has been producing drivetrain batteries for the global battery production network for Mercedes-Benz electric and electric-hybrid cars and light LCVs since 2012. After the second plant – designed from the outset to be CO2-neutral – went into operation in 2018, the Mercedes-Benz subsidiary successively increased its production capacities and volumes. The annual production volume will soon exceed half a million lithium-ion battery systems for hybrid, plug-in hybrid and purely electric vehicles. By the end of this year, Mercedes-Benz cars says it will offer five all-electric models as well as 20 plug-in hybrids. Additional locations in Europe and the U.S. will soon start operations to meet global battery needs for vehicle production. By 2030, the company wants plug-in hybrids or purely electric vehicles to account for more than 50% of its passenger car sales.

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