Daimler is to expand its EV activities substantially with an investment of around 500 million Euros in the construction of a new battery factory. This will lead to a significant expansion of the production capacities for lithium-ion batteries of Deutsche Accumotive,  located in the Saxon city of Kamenz. The new factory will produce batteries for electric and hybrid vehicles of the brands Mercedes-Benz and smart. As a first step, the company has purchased about 20 hectares of land adjacent to the existing battery factory.

“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”, said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars.

“With the purchase of the new land, our production area at the site will be tripled. The previous 20,000 square meters will be stocked up by an additional 40,000 square meters of production space. We will expand the production capacity consistently in the coming years”, said Harald Kröger, Head of Development Electrics/Electronics and e-Drive Mercedes-Benz Cars.