Mercedes-Benz said it would buy € 20bn ($ 23bn ) of battery cells by 2030 as it expanded the production of hybrid and electric vehicles. It did not say who would provide the batteries but its current supply deals are with SK Innovation, LG Chem and Daimler . FILE PHOTO: The Mercedes-Benz owner said it planned 2030 new electric and hybrid models by 2022 , as well as vans, buses and lorries. The company also said it was working on new battery designs to reduce reliance on rare earth minerals. Its current batteries use 20% nickel, 60% manganese and 20% cobalt, but that ratio will be changed to 80/10/10 in future cells.
Mercedes-Benz said it would buy € 20bn ($ 23bn ) of battery cells by 2030 as it expanded the production of hybrid and electric vehicles. It did not say who would provide the batteries but its current supply deals are with SK Innovation, LG Chem and Daimler . The Mercedes-Benz owner said it planned 2030 new electric and hybrid models by 2022 , as well as vans, buses and lorries. The company also said it was working on new battery designs to reduce reliance on rare earth minerals. Its current batteries use 20% nickel, 60% manganese and 20% cobalt, but that ratio will be changed to 80/10/10 in future cells.