The future success of the electric vehicles of the German company Mercedes-Benz will be based on the quality of the batteries of the Chinese company Farasis Energy. This premium division of Daimler yesterday announced that Mercedes-Benz has chosen a Chinese manufacturer as its strategic and economic partner, which has promised to launch lithium batteries with the best performance in the industry.
Daimler has not officially disclosed transaction details. According to Chinese media cited by the Japanese edition of Nikkei, Mercedes-Benz acquired a 3% stake in Farasis Energy, for which it paid 900 million yuan ($ 127 million). We emphasize once again: Farasis Energy becomes a strategic partner of Mercedes-Benz, guaranteeing the development and delivery of the most advanced batteries by the German company long before the start of their mass production. This collaboration promises to help the German automaker get batteries of increased capacity with the fastest possible charge.
Note that the company Farasis Energy is building a factory for the production of batteries in East Germany. This will simplify the logistics of cooperation with Mercedes-Benz. In addition to this production, Farasis Energy has two plants in China. In the future, this will give the German manufacturer the opportunity to bring electric vehicles to the Chinese market without delay.
A strategic alliance with Chinese battery manufacturers is not only the Mercedes-Benz (Daimler). Previously, Volkswagen acquired 26% of the Chinese company Gotion High-tech, becoming its main shareholder, and BMW signed an extensive contract for the supply of batteries with the Chinese company Modern Amperex Technology, better known as CATL.
It is interesting to note that soon the famous German quality will largely depend on the characteristics of Chinese batteries, and for electric vehicles this is the most important thing.
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