Posts Tagged: Li-Tec

Daimler subsidiary Li-Tec to cease production of battery cells

Daimler subsidiary Li-Tec will stop producing Li-ion battery cells in December, closing the only German factory currently producing cells for EVs. “Our cells are very good, but at current production figures far too expensive,” Daimler Manager Harald Kröger told Der Spiegel. “We have realized that a car manufacturer does not have to produce the cells… Read more »

Daimler switching battery suppliers again?

Does Daimler have a coherent electric-vehicle strategy? Its battery supply chain is literally all over the map, and this week’s announcement that the company may close a German battery plant that it was boasting about a month ago has the EV press puzzled. The first generation of Daimler’s smart fortwo electric drive, which is selling… Read more »

Daimler acquires two key German battery firms

Daimler has agreed to acquire Evonik’s shares of Li-Tec Battery GmbH and Deutsche ACCUmotive GmbH, making Daimler the sole owner of the two companies. In recent years, Daimler and Evonik have worked together to develop industrial series production of lithium-ion battery cells for EVs. The two companies produce the batteries used in the current model… Read more »