News

November 18, 2014

Daimler Subsidiary Li-Tec to Cease Production of Battery Cells

Daimler subsidiary Li-Tec will stop producing Li-ion battery cells in December, closing the only German factory currently producing cells for EVs. “Our cells are very good, but at current production figures far too expensive,” Daimler Manager Harald Kröger told Der Spiegel. “We have realized that a car manufacturer does not […]