Mercedes-Benz And Farasis Energy Announced Strategic Partnership

Daimler to take a 3% stake in Farasis Energy, which will build a new battery cell plant in Germany

Mercedes-Benz has announced today a strategic partnership and equity stake in Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Ltd.

The two already partnered for quite some time and in 2019 Daimler officially selected Farasis Energy as a battery cell supplier for the new EQ models. Part of the partnership was a new lithium-ion cell plant in Germany (€600 million investment for 6-10 GWh). This year rumors emerged that Daimler will participate in the upcoming Farasis Energy’s IPO.

Mercedes-Benz announces strategic partnership and equity stake in battery cell manufacturer Farasis