Luxury automaker Mercedes-Benz is teaming up with
Each will hold a one-third stake in the venture, which will have an investment of more than
The partners in Automotive Cells plan to increase the company's industrial capacity to at least 120 gigawatt-hours by 2030. The company was founded in
In July, Mercedes-Benz said it is stepping up its transition to electric cars, doubling the share of sales planned by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade. The company plans to invest
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