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Daimler invests 100m euros in German battery expansion

Business news |
By eeNews Europe

The German carmaker plans to expand capacity at Deutsche ACCUmotive, the company’s battery-making division in Saxony becaus it expects "high and steadily-growing demand" for electric-car batteries.

Deutsche ACCUmotive supplies batteries for the luxury Mercedes division’s hybrid S-Class, E-Class and C-Class models.

Steps to increase battery output tie in with Daimler’s plans announced last month to phase out production of lithium-ion battery cells at the company’s second Saxony-based Li-Tec division by the end of 2015.

Daimler aims to employ the bulk of Li-Tec’s 250 workers at Deutsche ACCUmotive.

The Stuttgart-based manufacturer in future plans to buy battery cells for its 2016 electric Smart model from LG Chem.

Related articles and links:

www.accumotive.de

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