Daimler said it would supply € 20bn ( $ 1 ) of new 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 battery contracts are with GE Innovation , LG Chem and Contemporary Amperex Technology . (300750.SZ), as it plans to launch 130 electric and hybrid vehicles by 2022 in addition to making electric vans, buses and trucks. The Mercedes - Benz owner said it planned 130 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 60 % nickel , 20 % manganese and 20 % zinc , but that ratio will be changed to copper in future cells .
Daimler said it would supply € 20bn ( $ 1 ) of new 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 battery contracts are with GE Innovation , LG Chem and Contemporary Amperex Technology . The Mercedes - Benz owner said it planned 130 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 60 % nickel , 20 % manganese and 20 % zinc , but that ratio will be changed to copper in future cells .