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Mercedes-Benz acquires stake in Farasis Energy · Endata

◂ Announcements

Jul 3, 2020ACQUISITIONBitterfeld-Wolfen, Germany

Mercedes-Benz acquires stake in Farasis Energy

Mercedes-Benz acquired a stake in Chinese battery cell manufacturer Farasis Energy to secure battery supply for its electric vehicle plans. Farasis is building a plant in Bitterfeld-Wolfen, Germany, creating up to 2,000 jobs.

Jobs

2,000

Status

Announced

Productsbattery cells

CompaniesMercedes-Benz acquirer Farasis Energy target

Sectors#Automotive Components

“We are very pleased to further expand our partnership with Farasis in taking a decisive step within the implementation of our electric strategy 'Electric first.'”electrek.co

1 source
electrek.coMercedes-Benz acquires stake in Chinese battery cell manufacturer Farasis Energy | ElectrekFred LambertJul 3, 2020

Summarized from public sources; check the original articles before acting on it.

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