Daimler Invests To Triple Its Lithium-Ion Battery Production
Battery developer, Deutsche ACCUMOTIVE, a subsidiary of Daimler AG, will triple its battery production through the addition of a second factory in Germany.
Daimler CEO, Dieter Zetsche, explains:
“To get closer to fully electric driving, we keep investing big in the key component of emission-free vehicles: powerful batteries. We are now devoting another 500 million Euros to build a second battery factory in Germany. This underlines our commitment to the consistent expansion of electromobility.”
The new factory will produce batteries for Mercedes-Benz and smart. Daimler has already acquired additional land near the existing factory. Groundbreaking is set for Fall of 2016 with plans for full operations in place by summer 2017.
Harald Kröger, Head of Development Electrics/Electronics and e-Drive Mercedes-Benz Cars said:
“With the purchase of the new land, our production area at the site will be tripled. The previous 20,000 square meters will be stocked up by an additional 40,000 square meters of production space. We will expand the production capacity consistently in the coming years.”
Demand is ever-increasing for lithium-ion batteries as electrified vehicle production grows. Deutsche is also expanding its opportunities and market into battery storage for private and industrial use.
Deutsche ACCUMOTIVE was founded in 2009 and currently employs over 380 people. Since 2012, the company has delivered over 70,000 batteries.
Interestingly enough, news changes quickly, as Zetsche publicly announced very recently that he was unwilling to invest in increased battery production in Germany:
Possibly Zetsche just didn’t want to share what was going on behind the scenes at Daimler . . .