Stock Market News

Mercedes-Benz Expands CATL Battery Deal

2022.08.12 17:06

Mercedes-Benz Expands CATL Battery Deal
Mercedes-Benz Expands CATL Battery Deal

By Michael Elkins

Mercedes Benz (OTC:DDAIF) announced Friday that the automaker is expanding its supply agreement with Chinese battery maker Contemporary Amperex Technology Co. (SZ:300750).

Mercedes announced that once built the battery supplier’s new factory (also announced Friday) in Debrecen, Hungary will supply battery cells for the next generation of Mercedes-Benz vehicles.

“Through its strategic partnership with CATL, Mercedes-Benz will advance its development of current and future best-in-class lithium-ion batteries,” the automaker said.

The announcement would make Mercedes-Benz the first partner to receive battery cells from CATL’s Hungarian plant and that its order marked the highest initial order volume for the site.

“This new state-of-the art European CATL plant in Hungary is another milestone for the scale-up of our EV production together with our key partners,” Mercedes-Benz management board member Markus Schaefer said.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,921.34 0.76%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,906.89 1.60%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 197.22 3.51%
bnb
BNB (BNB) $ 595.90 2.21%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.55025 3.21%
staked-ether
Lido Staked Ether (STETH) $ 2,905.88 1.09%
dogecoin
Dogecoin (DOGE) $ 0.192937 1.81%
cardano
Cardano (ADA) $ 0.418941 11.41%
tron
TRON (TRX) $ 0.16042 1.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,444.09 1.97%
the-open-network
Toncoin (TON) $ 4.88 1.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,808.31 0.38%
avalanche-2
Avalanche (AVAX) $ 27.31 2.17%
weth
WETH (WETH) $ 2,906.57 1.81%
chainlink
Chainlink (LINK) $ 12.58 0.16%
bitcoin-cash
Bitcoin Cash (BCH) $ 376.83 1.78%
sui
Sui (SUI) $ 2.29 1.05%
polkadot
Polkadot (DOT) $ 4.15 0.73%
leo-token
LEO Token (LEO) $ 6.40 3.43%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 71.15 0.70%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,056.57 1.63%
uniswap
Uniswap (UNI) $ 8.88 5.15%
near
NEAR Protocol (NEAR) $ 4.19 2.86%
aptos
Aptos (APT) $ 9.54 2.11%
pepe
Pepe (PEPE) $ 0.000011 1.29%
bittensor
Bittensor (TAO) $ 502.18 7.85%
internet-computer
Internet Computer (ICP) $ 7.69 3.84%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 3.55%
dai
Dai (DAI) $ 1.00 0.06%
stellar
Stellar (XLM) $ 0.101519 1.85%
monero
Monero (XMR) $ 164.08 0.98%
ethereum-classic
Ethereum Classic (ETC) $ 20.04 2.10%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
kaspa
Kaspa (KAS) $ 0.113566 7.18%
whitebit
WhiteBIT Coin (WBT) $ 19.68 2.04%
aave
Aave (AAVE) $ 179.84 3.46%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.341079 1.77%
blockstack
Stacks (STX) $ 1.66 3.36%
crypto-com-chain
Cronos (CRO) $ 0.090092 4.74%
okb
OKB (OKB) $ 40.07 0.02%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.01%
dogwifcoin
dogwifhat (WIF) $ 2.34 3.77%
arbitrum
Arbitrum (ARB) $ 0.574957 1.61%
filecoin
Filecoin (FIL) $ 3.71 2.58%
mantle
Mantle (MNT) $ 0.650674 5.05%