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Daimler Group Invests In Battery Production

Author: Source: Datetime: 2016-10-16 09:17:25
evIn order to speed up the development of electric vehicles, Daimler Group will invest 1 billion euros to the battery production and technology research and development, for its own electric vehicle brand EQ and Smart electric vehicles provide a solid backing.

If there is no stable supply of lifepo4 battery pack, car companies are unable to mass production of electric vehicles. In order to achieve the purpose of mass production, some electric vehicles through cooperation with the battery manufacturers, such as General Motors and LG Chemical cooperation; some car companies are direct investment in battery factories to improve battery production capacity, such as Tesla and its Gigafactory, Sla has also established a battery supply and cooperation with Panasonic.

In order to support its own electric vehicle development plan, Daimler Group plans to further invest 1 billion euros to its own battery production technology for the new Mercedes-Benz electric vehicle brand EQ and Smart electric vehicles provide a solid backing.

At present, Daimler Group through its own subsidiary ACCUmotive production of electric vehicle battery pack. In order to strengthen the battery business, early this year, Daimler Group announced a new battery factory in Karmens County invested 500 million euros. At the same time, Daimler Group also selected SK - South Korea's chemical, energy giant SK Group subsidiary - as Mercedes is about to leave the factory of electric vehicle battery supplier.

At a press conference in Hamburg, Daimler CEO Dieter Zetsche said that in order to comply with the Group's electric vehicle development plan, Daimler re-adjusted the allocation of funds, including the news mentioned in the 1 billion euros battery investment plan. "The Mercedes-Benz and Daimler Smart City vehicles will have at least 10 electric vehicles in the coming years, and the development budget includes a € 1 billion investment in battery technology," Zetsche said.

In the next 10 years, Daimler expects 25% of the factory car will be electric vehicles (including hybrid cars). Last year, Daimler produced 3 million cars. The average battery capacity of the plug-in hybrids is 30 kWh at 25 percent, and Daimler will need to produce 22 gigawatt-hours of battery capacity over the next 10 years, so battery pack production has to be accelerated schedule.
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