# Daimler builds second battery factory at ACCUMOTIVE in Kamenz for €500M

Daimler AG laid the foundation for a second lithium-ion battery factory at its subsidiary ACCUMOTIVE in Kamenz, Germany, with an investment of around €500 million. The factory is part of Daimler's electric offensive.

- Type: New facility
- Announced: 2017-05-22
- Where: Kamenz, Saxony, Germany
- Value: $560.0M (500.0M EUR)
- Jobs: 1,000
- Starts operating: Q3 2018
- Status: under construction
- Products: lithium-ion batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daimler](https://endata.com/companies/3543.md)
- [ACCUMOTIVE](https://endata.com/companies/24443.md)
- [ACCUMOTIVE](https://endata.com/companies/24443.md) (partner)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/daimler-lays-foundation-one-biggest-modern-battery-factories-world/), 2017-05-22: "The battery factory in Kamenz is an important component in the implementation of our electric offensive."
- [flotauto.com](https://www.flotauto.com/en/daimler-accumotive-factory-batteries/), 2017-05-23: "The battery factory in Kamenz is an important element in the implementation of our electric offensive."
- [solarmagazine.nl](https://solarmagazine.nl/nieuws-zonne-energie/i13814/daimler-geeft-startschot-voor-investering-van-500-miljoen-euro-in-batterijfabriek), 2017-05-30: "ACCUMOTIVE, een 100 procent dochteronderneming van Daimler, investeert een bedrag van circa 500 miljoen euro in de bouw van een tweede fabriek voor lithium-ion-accu’s."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.