German automaker Daimler has announced that it has made a joint investment decision with the Chinese auto battery manufacturer Farasis.
German automaker Daimler has announced that it has made a joint investment decision with the Chinese auto battery manufacturer Farasis. Daimler will partner with Chinese car battery cell manufacturer Farasis Energy to secure supply for its electric vehicle models. Therefore, this investment and partnership also has a strategic meaning. Thus, the Chinese manufacturer will create a guarantee for Daimler, the main brand of which is Mercedes-Benz, and a full guarantee for Farasis for a new capacity planning. After the deal, Farasis will primarily supply the electric models of Mercedes-Benz. Daimler will also send an observer in Farasis to check the business processes.
Daimler sees this partnership with Farasis as a turning point; Because the entire Mercedes-Benz fleet will be completely carbon-free, ie electrically powered, by 2039 at the latest, and the first production will start from 2022. It is hoped that such a Sino-German partnership will be fed by the innovation power of the Chinese market and bring the classic German car industry to a new era.
On the other hand, for Farasis, which has limited its production with China until now, there has been an opportunity to spread its production activity to Germany and to find a employment opportunity of 2 thousand people in this country.
Hibya News Agency