BERLIN—Daimler’s Mercedes-Benz said on Friday that it will take a 33 percent stake in battery cell manufacturer Automotive Cells Company (ACC) alongside the project’s original founders Stellantis and TotalEnergies. The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of the auto industry—even in an electric era”, Daimler Chief Executive Ola Kaellenius said in a statement. Daimler added that the battery cells produced would be 95 percent recyclable as per its goal of a CO2-neutral supply chain by 2039. ACC will supply Mercedes-Benz with battery technology from the middle of the decade, Daimler said. As part of the deal, Daimler will invest a mid-three-digit million euro sum in the project next year, adding that its overall investment was expected to stay below 1 billion euros ($1.2 billion). ACC, which has also received 1.3 billion euros in French and German …
Daimler Takes 33 Percent Stake in European Battery Cell Venture Automotive Cells Company (ACC)
September 24, 2021
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