Mercedes-Benz joins battery cells consortium ACC as partners pledge to expand output
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Daimler’s Mercedes-Benz has become the latest member of the Automotive Cells Company (ACC), joining Opel owner Stellantis and the newly re-named TotalEnergies – owner of French battery maker Saft – each holding a third equity stake.
And the partners have pledged to increase ACC’s combined production capacity of lithium-ion battery cells for electric vehicles to "at least 120 GWh” by 2030, instead of the previously planned 48 GWh.
Daimler and Mercedes-Benz CEO Ola Källenius said the investment marked "a strategic milestone on our path to CO2 neutrality”.
"Together with ACC, we will develop and efficiently produce battery cells and modules in Europe – tailor-made to the specific requirements of Mercedes-Benz.”
Källenius said the partnership would allow the company to "to take advantage of economies of scale, provide our customers with superior battery technology and help to ensure that Europe remains at the heart of the auto industry – even in an electric era.”
Financial details of the Mercedes-Benz stake, which are subject to regulatory and other approvals, were not disclosed
Earlier this month, Germany announced a grant of €437m (£376m) from federal and regional funds to support ACC’s construction of a battery cells gigafactory in Kaiserslautern.
ACC is also planning a gigafactory in Douvrin, France.
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And the partners have pledged to increase ACC’s combined production capacity of lithium-ion battery cells for electric vehicles to "at least 120 GWh” by 2030, instead of the previously planned 48 GWh.
Daimler and Mercedes-Benz CEO Ola Källenius said the investment marked "a strategic milestone on our path to CO2 neutrality”.
"Together with ACC, we will develop and efficiently produce battery cells and modules in Europe – tailor-made to the specific requirements of Mercedes-Benz.”
'Superior technology'
Källenius said the partnership would allow the company to "to take advantage of economies of scale, provide our customers with superior battery technology and help to ensure that Europe remains at the heart of the auto industry – even in an electric era.”
Financial details of the Mercedes-Benz stake, which are subject to regulatory and other approvals, were not disclosed
Earlier this month, Germany announced a grant of €437m (£376m) from federal and regional funds to support ACC’s construction of a battery cells gigafactory in Kaiserslautern.
ACC is also planning a gigafactory in Douvrin, France.
Related articles in our archive: