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German car giant builds gigafactory

Tue, 05/30/2017 - 11:35 -- Xuan Zhong
German car giant builds gigafactory

The casing of a vehicle battery has been laid as the foundation stone for a massive new battery factory being built in Germany. Showing the importance of the €500 ($550) million factory to Germany’s electric car and renewable energy industries, German Chancellor Angela Merkel attended the ceremony at Daimler’s subsidiary, ACCUMOTIVE, in Kamenz.

ACCUMOTIVE’s second factory for lithium-ion batteries in the small town, about 25 miles (40km) northeast of Dresden, is scheduled to go into operation mid-2018.

 

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