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Daimler to invest €500m to build lithium-ion battery pack factory

Mon, 03/07/2016 - 15:03 -- Paul Crompton
Daimler to invest €500m to build lithium-ion battery pack factory

German OEM Daimler is to invest around €500million ($542,890) to build a lithium-ion battery pack manufacturing plant as it expands its electric and hybrid vehicles range.

Using cells from LG Chem and SK Innovations, among others, the move will ‘significantly expand’ the production capacities of Daimler subsidary Deutsche Accumotive.

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