1. Daimler brings its EV plans to the table with €20 billion battery cell order

    Daimler brings its EV plans to the table with €20 billion battery cell order

    In a statement released today, the car and battery manufacturer says it has invested €20 billion in the purchase of battery cells, as part of its CASE – connected, autonomous, shared & services and electric – corporate strategy. Without disclosing specifics, Daimler says it buys the cells on the world market to ensure “the best possible technology”, while it focuses on its “core competence” of battery assembly. Overall, the manufacturer says it is investing more than €1 billion in the creation of a global battery network within the production network of its Mercedes-Benz Cars, which will eventually comprise eight factories on three continents.

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