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Daimler Expects to Buy €20 Billion Worth of Battery Cells
Daimler AG says it intends to buy more than €20 billion ($22.6 billion) worth of battery cells between now and 2030 to power its future electrified vehicles.
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Daimler AG says it intends to buy more than €20 billion ($22.6 billion) worth of battery cells between now and 2030 to power its future electrified vehicles.
CEO Dieter Zetsche notes that the company’s Mercedes-Benz brand alone intends to introduce 130 electrified passenger cars and SUV/crossovers by 2022. Daimler also is developing an array of electrified commercial vehicles.
Zetsche didn’t say how the cell purchases will be allocated. Daimler already buys cells from China’s Contemporary Amperex Technology and South Korea’s LG Chem and SK Innovation. The company also is building a network of six factories to assemble cells into batteries in China, Germany, Thailand and the U.S.
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