Daimler / Mercedes-Benz

Mercedes-Benz is a trade mark of Daimler AG, one of the world’s leading producers of luxury automobiles, based in Germany.

Electric vehicles

Electric trucks

In September 2019, Daimler Trucks & Buses and Chinese battery producer CATL entered a global battery supply agreement for electric trucks. CATL will supply lithium-ion battery cell modules for Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2 models from 2021. 

Energy storage

In September 2019, Daimler struck a deal to buy lithium-ion battery cells from Farasis Energy that is building a 600 mln euro factory in Bitterfeld-Wolfen in Germany’s Saxony-Anhalt region.

Deutsche ACCUmotive GmbH, Li-Tec Battery GmbH

In 2009 Daimler AG together with innovation materials maker, Evonik Industries AG established Deutsche ACCUmotive GmbH, a facility to produce lithium-ion batteries for EVs and HEVs under the Mercedes-Benz and Smart brands. Presently the company is a 100% branch of Daimler. Its R&D base is located in the German city of Nabern, the production facility is in Kamenz. It started manufacturing batteries in 2012.

Daimler AG also bought a stake in Germany’s leading Li-Ion producer Li-Tec and later transformed it into another branch Li-Tec Battery GmbH.

Mercedes-Benz Energystorage GmbH

Mercedes-Benz Energystorage GmbH is a division of Daimler AG created in response to the market’s need for commercial and residential battery storage systems. In 2015 the company announced its own home energy storage solution to compete Tesla – Mercedes Energy Storage. The storage batteries are made at the same Daimler’s facility where car batteries are made – Deutsche ACCUmotive GmbH.

M&A activities

Tesla

In April 2010 Daimler AG acquired a 10% stake in Tesla Motors Inc. The companies used to be strategic partners at that time and had close relations. 1 000 first EVs made by Daimler featured batteries made by Tesla. Vice-president of Daimler AG future mobility division Professor Herbert Kohler joined Tesla’s board of directors. In late 2014 Daimler AG sold out the last 4% of its share in Tesla Motors Inc. with USD780 mln, as the companies became strong competitors.

BAIC Group

In 2013, Daimler acquired an equity interest in China’s BAIC Motor, a listed subsidiary of BAIC Group, and as of July 2018 held 9.55% of its shares. In 2018, Daimler also bought 3.01% in BAIC BluePark New Energy Technology, a manufacturer of electric vehicles for China. In July 2019, BAIC Motor acquired around 5% percent in Daimler AG through Investment Global, a wholly-owned subsidiary.

Subsidiaries and affiliates

Volocopter (10%)

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      Useful links

      Mercedes-Benz’s official web site
      Mercedes-Benz Energystorage GmbH’s official web site
      Deutsche ACCUmotive GmbH’s official web site
      Li-Tec Battery GmbH’s official web site