Daimler breaks ground on another battery factory for EV push

Daimler subsidiary Accumotive has broken ground on its second lithium-ion battery factory in Kamenz, Germany. The facility represents an investment of about €500 million (about $560 million at today’s exchange rates), and will support Mercedes-Benz’s plans to introduce its EQ e-mobility sub-brand, introduce 10 new plug-in models by 2022, and continue to hybridize more of its vehicles.