We all know that Electric Vehicles(EV’s) are the FUTURE, and now we are finally seeing industry get aggressive as they prepare for mass production of “clean” energy vehicles, though the TRUE Environmental Cost is yet to be seen as we scour the planet for battery conducive materials… Here’s hoping they get it right though, and MORE MONEY isn’t the only reason for them to do so.
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Daimler Is Buying a Massive $23 Billion Worth of Battery Cells to Power Its Future EV Lineup
Daimler has announced it will purchase 20 billion euros ($23 billion) worth of batteries to fuel its ambitious electric vehicle plans. The German automaker plans to launch a line of electric cars for its Mercedes-Benz and Smart divisions, as well as electric commercial vehicles including vans, trucks, and buses.
Daimler is buying nearly $23 billion of battery cells to power its electric vehicle offensive
Daimler plans to buy $23 billion worth of battery cells by 2030 as the maker of Mercedes-Benz vehicles and commercial trucks prepares to bring dozens of electric and hybrid vehicles to market. The German automaker didn’t disclose which companies would supply them with batteries.
Daimler to buy $23 billion of battery cells for electric car drive
FRANKFURT (Reuters) – Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. The company is one of a number of German automakers massively expanding in electric vehicles as European regulators clamp down on toxic diesel emissions.
