Daimler will invest 100 million euros to expand production of lithium-ion batteries in Germany

Article by Andrew Christian, on December 2, 2014

In order to increase production of lithium-ion batteries, Daimler will invest 100 million euros in the coming years. The carmaker will expand capacity at Deutsche ACCUmotive and a new building will be completed by mid-2015 as it is already under construction.

Deutsche ACCUmotive was founded in 2009 and currently it supplies lithium-ion batteries for the Smart ForTwo Electric Drive as well as hybrid versions of the S-, E- and C-Class. Daimler also plans to buy battery cells for the electric version of the 2015 Smart model from LG Chem.

“We are looking forward to continuous growth in the demand for Deutsche ACCUmotive batteries”, said Frank Blome, Managing Director of Deutsche ACCUmotive. “The production of battery systems by Deutsche ACCUmotive GmbH in Kamenz will contribute significantly to the growing expertise of the auto state Saxony in the area of electro mobility and battery technology. That is why I am pleased about the three-digit million investments in a company like Deutsche ACCUmotive GmbH here in Kamenz”, said Saxony's Prime Minister Stanislaw Tillich.

“The expansion of the company again shows that Saxony has much to offer as an innovation location. With excellent research close to industry at the technical universities, colleges and research facilities as well as with very well educated specialist manpower. These are the best prerequisites for investments here in Kamenz and in the entire free state of Saxony”, said the Prime Minister. [source: Daimler]

Topics: daimler, investment

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