Daimler has started construction of its second battery factory in Kamenz with an investment of €500million ($547.3million) and it is claimed to be one of the largest in Europe.
The new production facility is planned to start operations in the middle of 2018. The area of about 20 hectares is located in immediate proximity of the existing battery factory in Kamenz, about 50 kilometers from Dresden.
Professor Dr. Thomas Weber, member of the Board of Management of Daimler AG, said: “By 2025, our passenger car product portfolio will contain more than ten fully electric vehicles.
“At the same time, we are continuously pushing our plug-in-hybrid offensive and the introduction of 48-volt-systems.
"Highly efficient battery systems are an important aspect of our strategy. They are an integral part of the vehicle architecture and not a ready-made product.
“The development, production and integration of those complex systems into our vehicles are one of our core competences which will double by the end of this decade.”