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Daimler to expand li-ion battery production capacity

Wed, 12/03/2014 - 12:30 -- Laura Varriale
Deutsche ACCUmotive

Daimler is to invest €100m ($125m) in its lithium-ion battery system manufacturing subsidiary Deutsche ACCUmotive over the next years.

The subsidiary will produce lithium-ion batteries for new electric versions of Daimler’s Smart cars in 2016 and new Mercedes Benz hybrid models. An expansion of the subsidiary’s manufacturing facility in Kamenz, Germany, is currently under construction and is set to be completed mid-2015, increasing the production space to 20,000 sq. m.

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