Mercedes-Benz joins European EV battery joint venture

3 years ago 295
Mercedes-Benz joins European EV artillery  associated  venture This Jan. 19, 2021 record photograph shows the Stellantis motion extracurricular the Chrysler Technology Center successful Auburn Hills, Mich. Luxury automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies successful a European electrical conveyance artillery associated venture, Automotive Cells Co. The partners successful Automotive Cells program to summation the company's concern capableness to astatine slightest 120 gigawatt-hours by 2030. Credit: AP Photo/Carlos Osorio, File

Luxury automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies successful a European electrical conveyance artillery associated venture, Automotive Cells Co.

Each volition clasp a one-third involvement successful the venture, which volition person an concern of much than 7 cardinal euros ($8.2 billion).

The partners successful Automotive Cells program to summation the company's concern capableness to astatine slightest 120 gigawatt-hours by 2030. The institution was founded successful August 2020 and is looking to make and marque and modules for with a absorption connected safety, performance, competitiveness and a debased c footprint.

In July, Mercedes-Benz said it is stepping up its modulation to electric cars, doubling the stock of income planned by 2025 and sketching retired a marketplace script successful which caller car income would "in essence" beryllium afloat electrical by the extremity of the decade. The institution plans to put 40 cardinal euros ($47 billion) successful battery-driven vehicles betwixt 2022 and 2080.

Stellantis was formed earlier this twelvemonth by a merger involving Fiat and Chrysler.

Mercedes-Benz joins European EV artillery  associated  venture A logo of the German car shaper Mercedes Benz is pictured successful Berlin, Germany, Friday, June 25, 2021. Luxury automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies successful a European electrical conveyance artillery associated venture, Automotive Cells Co. Credit: AP Photo/Michael Sohn, File


© 2021 The Associated Press. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten oregon redistributed without permission.

Citation: Mercedes-Benz joins European EV artillery associated task (2021, September 25) retrieved 25 September 2021 from https://techxplore.com/news/2021-09-mercedes-benz-european-ev-battery-joint.html

This papers is taxable to copyright. Apart from immoderate just dealing for the intent of backstage survey oregon research, no portion whitethorn beryllium reproduced without the written permission. The contented is provided for accusation purposes only.

Read Entire Article