Daimler Invests 500 million euros in New Battery Factory in Germany

Daimler Invests 500 million euros in New Battery Factory in Germany-invests

At The Beginning of March, Daimler Announced That The Company What Further Expanding Its Activities in The Field of Electromobility. This is Clearly Shown By The Investment of Around 500 Million Euros in The Construction of A New Battery Factory. With the Investment by Daimler, The Production Capacities for Lithium Ion Batteries at German Accumotive in Kamenz, Saxony, Will Be Significantly Expanded.

The First Step What The Acquisition of Around 20 Hectares of Land On Which The Wholly Owned Daimler Subsidiary Will Be Located, Close To The Existing Battery Factory. Batteries for Electric and Hybrid Vehicles of the Brands Mercedes-Benz and Smart Are to be produced in The New Factory Premises.

“A Powerful Battery is the Key Component for Zero-Emission Driving. We Are Thefore Investing 500 Million Euros in The Construction of a Second Battery Factory in Germany. This undercores Our Commitment to the Consistent Expansion of Electromobility “- DR. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars

With the Increasing Demand for Electric Vehicles, The Demand for High-Efficiency Lithium Ion Batteries So Steadily Increasing. Accumotive is Opening Up Additional Growth Opportunities by Entering The New Business Area With Stationary Battery Storage for Private And Industrial Applications.

The Ground Breaking Ceremony for The New Factory Is Planed for Autumn 2016, with the toppping-out Ceremony Taking Place in Spring 2017. The New Production Plant is scheduled to go Into operation in Summer 2017. Since The Start of Series Production in 2012, in The First Accumotive Plant, More Than 70.000 lithium-ion battery shipped. Others Are Sure to Follow As Daimler Invests 500 million euros in A New Battery Factory in Germany.
Source: Daimler from 01.03.2016

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