Mercedes-Benz becomes a shareholder in ACC

24 March 2022, 03:41:24

Mercedes-Benz, Stellantis, and TotalEnergies/Saft signed a deal to become equal partners in Automotive Cells Company (ACC), completing a transaction announced in September 2021. The partners have committed to increase ACC’s industrial capacity to at least 120 Gigawatt hours (GWh) by 2030 and to scale up the development and production of next-generation high-performance battery cells and modules.

As part of the Mercedes-Benz strategy to go all-electric, ACC will supply the world’s most valuable luxury automotive brand with high-performance battery technologies from mid of the decade. As an equal shareholder, Mercedes-Benz will contribute its expertise and support the expansion of ACC’s production network based on the brand’s benchmark quality standards. With Saft, an affiliate of TotalEnergies, Mercedes-Benz has a partnership with over 100 years of experience in the field of long-life batteries and battery systems for applications critical to safety, backup power, and electric and hybrid drives. Stellantis brings industrialization expertise to the joint venture through its brand diversity, size, and global footprint. Together with its partners, Mercedes-Benz customers can benefit from the joint venture’s unique combination of technological know-how, production experience, and scale.

With the investment, Mercedes-Benz is industrializing advanced and sustainable cell technologies in Europe. Mercedes-Benz is expanding its portfolio of partnerships to safeguard the degree of localization in the procurement of battery cells and modules as a key technology for the age of electric mobility. The new Shareholder Agreement is subject to customary closing conditions, including regulatory approvals.

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