Daimler and Stellantis will be engaged in the joint production of batteries for electric vehicles

Daimler and Stellantis will be engaged in the joint production of batteries for electric vehicles

FineAuto

On September 24, Mercedes-Benz, owned by the German auto concern Daimler, announced its acquisition of the Automotive Cells Company (ACC), a joint venture for the production of batteries for electric vehicles, previously created by Stellantis and TotalEnergies. With the merger with the Mercedes-Benz JV, each of the companies will own 33% in ACC.

Stellantis Automotive Alliance, which includes Italian-American Fiat Chrysler Automobiles and France’s PSA Peugeot Citroёn Group, and French energy company TotalEnergies formed ACC last September. About € 1.3 billion has already been invested in the project. Mercedes-Benz plans to invest several hundred million euros in the project next year; in general, its investments in the joint venture should amount to slightly less than € 1 billion. The total cost of the project is estimated at € 7 billion. Potential the capacity of the batteries produced by ACC per year should reach 120 gigawatt-hours by the end of the 2020s.

Recently, many car manufacturers have announced the launch of their own production of batteries for electric vehicles. Daimler has previously announced plans to build eight battery factories with a total capacity of 200 gigawatt hours. In early September, Toyota announced plans to invest $ 13.5 billion in batteries for electric vehicles, and the potential capacity of the batteries to be produced there is also projected at 200 gigawatt-hours.

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