Evonik and Daimler Establish Strategic Alliance for the Development and Producti

Evonik Industries AG, Essen and Daimler AG, Stuttgart are developing the energy storage of the future. Based on lithium-ion technology from Evonik and with Daimler expertise, both groups will drive forward the research, development and production of battery cells and battery systems in Germany. In the near future, Li-Tec cells will appear in electric vehicles of Mercedes-Benz Cars. This will represent an important milestone in the series production of electric vehicles. En route to achieving its technological leadership in recent years, Evonik has invested around 80 million Euros. The outcome is production-ready hi-tech battery cells that are superior to competitor products in several key areas.