Daimler battery factory

Tesla isn’t the only electric vehicle company getting into building its own LiIon cells.

Daimler subsidiary Deutsche Accumotive, has purchased 50 acres of land adjacent to its existing factory in Kamenz, Germany, & will spend €500 million on a factory.

http://fortune.com/2016/03/01/daimler-new-battery-factory/

https://cleantechnica.com/2016/03/06/daimler-investing-e500-million-into-new-lithium-ion-battery-factory-in-germany/

http://reneweconomy.com.au/2016/daimler-to-follow-tesla-with-new-e500m-lithium-ion-battery-factory-83557 / gigfactory Daimler investing expand battery production German automaker energy storage business Daimler building factory produce lithium-ion batteries Mercedes-Benz Smart Car brands German automaker expand lineup electric plug-in hybrid vehicles Daimler DAI $543 million build new battery factory Kamenz Germany Daimler subsidiary Deutsche Accumotive produce batteries purchased 50 acres land adjacent existing factory fully electric driving investing emission-free emission free vehicles powerful batteries Dr. Dieter Zetsche Daimler chairman head Mercedes-Benz cars Daimler invest expand existing battery factory new factory triple company’s production area new production plant expected start operations summer 2017 new factory Daimler’s producing stationary battery storage units residential industrial customers new factory additional growth opportunity batteries factories utilities store energy rapid growth recently battery makers Tesla Motors all-electric automaker stationary energy storage industrial-sized batteries Daimler established Deutsche Accumotive develop produce batteries hybrid electric vehicles Mercedes-Benz smart brands stationary energy storage Mercedes-Benz branded energy storage units private households scaled serve larger demands of industrial customers /