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battery ventures


Daimler looking for an extra partner in its lithium battery venture

Late last year, Daimler AG announced that it would partner with Evonik for the development and manufacturing of automotive lithium ion batteries. Daimler bought half of Evonik's LiTec battery unit at that time. Now, Daimler is looking to bring in another partner for the project. At this time, its not clear if that would be a partner on the battery side to bring in more technology, or a partner to consume batteries and help spread the development costs. At the Detroit Auto Show, Tesla CEO Elon Musk announced that his company would supply ... Read more →

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