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

Article by Christian A., 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

If you liked the article, share on:

Comments

Recommended

In the automotive industry, most brands will do what they can to expand their offerings to be present in every potential niche there is. The goal is clearly to increase...
by - April 30, 2017
Just days after unveiling the refreshed 2018 Toyota Yaris hatchback to the North American public at the 2017 New York Auto Show, the Japanese company is now disclosing how much...
by - April 30, 2017
The next generation Volvo XC60 will be soon on its way to dealerships and customers as the Swedish carmaker has already commenced production of the mid-sized sports utility vehicle at...
by - April 30, 2017
In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries