logo
  

Mercedes-Benz Becomes Partner Of Automotive Cells Company - Quick Facts

Mercedes-Benz has joined Automotive Cells Company as an equal shareholder along with Stellantis (STLA) and TotalEnergies (TTA.L,TTFNF.PK - DELETED, TOT), holding 1/3 equity stake. As a result, the partners will accelerate ACC's development with an objective of at least 120 GWh of cell capacity by 2030.

Automotive Cells Company (ACC) was founded in August 2020 from the initiative by Stellantis and TotalEnergies to become a European market leader for car batteries.

Källenius, CEO of Daimler AG and Mercedes-Benz AG, said: "This new partnership allows us to secure supply, to take advantage of economies of scale, and to provide our customers with superior battery technology."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $4.16 billion or $7.02 per share, sharply narrower than $8.44 billion or $14.65 per share in the year-ago quarter. The 787 program recorded $3.5 billion pre-tax non-cash charge; focused... Telecom giant AT&T reported Wednesday a profit for the fourth quarter compared to a loss last year, primarily boosted by continuing customer growth in wireless, fiber and HBO Max, despite a 10 percent drop in revenues. Both adjusted earnings for the quarter and quarterly revenues also topped analysts' expectations. However, the company issued weak earnings and sales growth outlook for fiscal 2022. Bentley Motors, owned by German automaker Volkswagen AG, announced plans to develop its first-ever Battery-Powered Electric Vehicle or BEV in 2025. The British luxury carmaker also plans investment of around 2.5 billion pounds or $3.4 billion in sustainability over the next ten years. The company will develop and build the new vehicles in the UK plant in Crewe.
Follow RTT