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From Electrek: Daimler plans to invest over $1 billion in batteries to support its electric...

Discussion in 'News from Electrek.co' started by RSSFeed, Oct 12, 2016.

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  1. RSSFeed

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    Daimler plans to invest over $1 billion in batteries to support its electric vehicle plans

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    You simply can’t manufacture electric vehicles in volume if you can’t secure a steady supply of battery cells. Some automakers are doing it by partnering with battery makers, like GM with LG, and others are directly investing in battery manufacturing capacity, like Tesla with the Gigafactory – though still in partnership with a battery maker, Panasonic.

    Now Daimler plans to further its own investment in battery production by 1 billion euros ($1.1 billion USD) in order to support its electric vehicle ambitions with Mercedes’ new ‘EQ’ brand and the new Smart electric car lineup. more…

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  2. KirbyTurbo

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    Looks like they did their homework and came to the same conclusion that Tesla did. Makes me wonder about GM
     

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