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Daimler stops li-ion battery production

Mon, 11/24/2014 - 15:21 -- Anonymous
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Li-Tec plant in Kamenz, Germany
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German OEM Daimler’s subsidiary Li-Tec is to cease the production of lithium-ion batteries for electric vehicles (EV) at its plant in Kamenz, Germany, by the end of 2015.

According to the carmaker, the production of battery cells for electric and hybrid cars is not economical. "Our cells are very good, but at current production figures, far too expensive," Harald Kröger, head of EV research at Daimler, told German media outlet Der Spiegel. "We have realised that a car manufacturer does not have to produce the cells themselves," he added.

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