Daimler has announced plans to invest €500m in the construction of a new battery factory, with significant expansion of production capacities for lithium-ion batteries, in the German city of Kamenz. The ground-breaking ceremony for the new factory is planned for Autumn 2016, with operations expected to start in Summer 2017. Upon the announcement, Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars stated: “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 more than 70,000 Euros to build a second battery factory in Germany. This underlines our commitment to the consistent expansion of electromobility.”
Daimler has announced plans to invest €500m in the construction of a new battery factory, with significant expansion of production capacities for lithium-ion batteries, in the German city of Kamenz. The ground-breaking ceremony for the new factory is planned for Autumn 2016, with operations expected to start in Summer 2017. Upon the announcement, Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars stated: “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.”