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By A.J. Roan
For Metal Tech News 

Mercedes-Benz buys into EV batteries

Investment places luxury carmaker closer to CO2-neutral goal Metal Tech News Weekly Edition – July 8, 2020

 

Last updated 7/10/2022 at 2:42pm

Mercedes Benz Daimler Farasis energy electric vehicles batteries

Daimler AG

Continuing its transformation to CO2-neutral mobility, Mercedes-Benz has forged a strategic partnership in Farasis Energy, a China-based lithium-ion battery manufacturer.

Mercedes-Benz is investing in Chinese developer and supplier of lithium-ion batteries, Farasis Energy, in accordance with the German automaker's goal to become carbon-neutral automotive company.

The renowned luxury car manufacturer has invested a purported 13 million euros into Farasis, giving parent company Daimler the option to nominate a representative for a seat on the supervisory board o...



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