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 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...