Daimler to invest 500 million Euros in new battery factory in Germany
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Daimler will invest 500 million Euros in a new battery factory in Germany. The new battery factory will produce lithium-ion battery packs for hybrid and electric vehicles for Mercedes-Benz and smart brands. Li-Tec in Saxon Kamenz, a subsidiary of the Daimler Group, ceased manufacture of battery cells in December 2015….
