Daimler invests 500 million Euros in new battery factory in Germany

• Daimler subsidiary Deutsche ACCUMOTIVE triples its production space.

• Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "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."

• New battery factory will produce lithium-ion batteries for hybrid and electric vehicles of the brands Mercedes-Benz and smart.

Daimler consistently expands its activities in the area of electromobility and invests around 500 million Euros in the construction of a new battery factory. This will lead to a significant expansion of the production capacities for lithium-ion batteries of Deutsche ACCUMOTIVE  located in the Saxon city of Kamenz. The new factory will produce batteries for electric and hybrid vehicles of the brands Mercedes-Benz and smart. As a first step, the full Daimler subsidiary has purchased about 20 hectares of land adjacent to the existing battery factory.

"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", said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

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