Germany's Daimler to Build US$544 Million Lithium-ion Battery Megafactory

Renew Economy reported that Germany’s Daimler will begin building its own US$544 million lithium-ion battery manufacturing facility, through its battery arm, in the third quarter of 2016.
As quoted in the publication:

The factory will produce batteries for electric and hybrid Mercedes-Benz and smart cars, along with stationary storage products for commercial and residential customers.
Daimler subsidiary Deutsche ACCUmotive will lead its battery storage activities, and it reports that Mercedes-Benz storage systems for residential customers can already be ordered and will “soon” be installed by sales and service partners.
Deutsche ACCUmotive is introducing both a 2.5 kWh and 5.9 kWh battery units to residential customers. The systems can be combined into a larger 20 kWh storage system.

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