Daimler to source battery cells from Farasis Energy
Farasis is constructing a battery cell plant in Germany
Daimler has reached an agreement to source battery cells for its electric vehicles (EV) from Chinese supplier Farasis Energy, Reuters reported on 10 September. Farasis is currently building a battery cell factory in Bitterfeld-Wolfen, in Saxony-Anhalt region, Germany, to help the automaker ramp up its vehicle electrification plan. The Chinese supplier is investing EUR600 million (USD662.5 million) in its upcoming plant in Germany and first outside China. The plant, with initial production capacity of GWh, is expected to start operations next year.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
