Daimler to spend $500 million on electric-car battery factory

2014 Mercedes-Benz B-Class Electric Drive

As global automakers gear up to produce higher volumes of plug-in electric cars, their battery strategies vary. Some buy in both lithium-ion cells and complete battery packs, some purchase cells but design and assemble them into packs in-house, and some own part of the cell maker. Now Daimler has announced that its Deutsche Accumotive battery… …read more