Daimler is developing its electric car portfolio and in bid to step up its efforts in the sector are building second lithium ion battery factory at Kamenz in Germany.

The $543.7m investment will include the C02 neutral factory made possible by power being generated via a cogeneration unit and a photovoltaic, combined with stationary energy storage systems.
Daimler
The lithium-ion battery factory will be used in all Daimler hybrid and fully electric vehicles as well as its stationary energy storage systems.

The factory is slated to begin operations in the middle of 2018 and when completed will be 80,000 square meters in size. The facility is adjacent to Daimler’s existing battery factory in Kamenz.