By John Beltz Snyder

Daimler subsidiary Accumotive has broken ground on its second lithium-ion battery factory in Kamenz, Germany. The facility represents an investment of about €500 million (about $560 million at today’s exchange rates), and will support Mercedes-Benz’s plans to introduce its EQ e-mobility sub-brand, introduce 10 new plug-in models by 2022, and continue to hybridize more of its vehicles.

German Chancellor Angela Merkel and Saxony Minister President Stanislaw Tillich joined Daimler Chairman Dieter Zetsche and other Daimler, Mercedes-Benz, and Accumotive executives in laying a battery casing as a foundation stone. “The automotive industry is facing a fundamental transformation and we see ourselves as the driving force behind this change,” says Zetsche.

Continue reading Daimler breaks ground on another battery factory for EV push

Daimler breaks ground on another battery factory for EV push originally appeared on Autoblog on Mon, 22 May 2017 12:20:00 EDT.