Daimler's new plant will cost the maker about 500 million euros but quadruple battery output.
Daimler AG has broken ground in the German town of Kamenz for a second battery plant, a move that should yield a 400% increase in its capacity to produce lithium-ion packs for a wave of new electric vehicles now under development.
During last month’s Paris Motor Show, Daimler revealed the new Generation EQ concept vehicle, a production version of which will serve as the anchor of an all-new new sub-brand, Mercedes-EQ. The maker also revealed electrified versions of all the current Smart brand models.
“By 2025, our passenger car product portfolio will contain more than ten fully electric vehicles,” said Thomas Weber, the Daimler board member overseeing R&D and Mercedes car development. “At the same time, we are continuously pushing our plug-in-hybrid offensive and the introduction of 48-volt-systems,” and the batteries that will be produced at the new plant, as well as the original factory in Kamenz, will become “an integral part” of that product roll-out.”