Mercedes-Benz boosts alliance with CATL to speed up electrification

Date: 07 Aug 2020

Mercedes-Benz said on Wednesday that Chinese company CATL will be its major battery supplier, as the German premium carmaker is accelerating its electrification strategy.

CATL is a global leader in the development and production of lithium-ion batteries. In 2019, the company's battery product capacity reached 40.25 GWh.

The carmaker is also working with other battery companies, including South Korea's SK Innovation, LG Chem and China's Farasis.

Mercedes-Benz and CATL said they have entered the next stage of their strategic partnership, which covers the full range of battery technologies, from cells across modules to entire battery systems.

This includes the CATL cell-to-pack design, which eliminates conventional modules and integrates the cells directly into the battery.

"Working with CATL will see us accelerate our transformation towards carbon-neutrality," said Markus Schaefer, a board member of Daimler and its subsidiary Mercedes-Benz.

"CATL will be a major supplier, securing capacity for the next generations of our EQ products in the years to come," he said.

Zeng Yuqun, founder and CEO of CATL, said Mercedes' tradition of innovation and CATL's expertise in batteries will mark a decisive step in both parties' electrification strategies.

Hubertus Troska, a board member of Daimler AG responsible for China, said the two companies will further integrate the partnership into Mercedes-Benz's "Electric First" strategy and sustainable development.

The two companies have started working on battery products that are to be featured in a number of vehicles within the next few years...

Source: China Daily

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