Mexican Media Brands
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.
#hybrid
Share
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.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
