Daimler will buy more than €20 billion (US$23 billion) of battery cells for electric drive vehicles by 2030, the company announced . The suppliers are already producing battery cells in Asia and Europe and are continuing to expand in Europe and additionally in the US. Daimler currently has battery cell supply deals with SK Innovation, LG Chem and China’s Contemporary Amperex Technology (CATL). With extensive orders for battery cells until the year 2030, we set another important milestone for the electrification of our future electric vehicles of the EQ product and technology brand. In this way, together with our partners, we ensure the supply of our global battery production network today and in the future using the latest technologies. —Wilko Stark, Member of the Divisional Board Mercedes-Benz Cars, Procurement and Supplier Quality The company is also investing €1 billion in the global battery production network within the worldwide production […]