Mercedes-Benz has joined Stellantis and Total in taking shares in Automotive Cells Company, with plans to expand battery cell production in Europe, as part of a strategy to increase and diversify supply.
Daimler’s Mercedes-Benz division has taken a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), joining rival carmaker Stellantis and energy provider TotalEnergies, which each have an equal third in the company. Together the companies aim to increase ACC’s industrial capacity to at least 120 gigawatt hours (GWh) by 2030, with plants to build further gigafactories along with those ACC already plans.
The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of the auto industry, even in an electric era,” said Daimler chief executive Ola Kaellenius.
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