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Message: Daimler decides to close Li Tec plant - chooses LG Chem for battery supply

As already known, Daimler decided to close its Li Tec facility in Kamenz, Germany. But now also the info emerged that Daimler partnered with LG Chem for its future battery supply. According to an article from Manager Magazin (in German) the Deutsche Accumotive will also recieve more than 100mm additional funding over the course of the next years. In mid 2015 also a new production facility in Kamenz will be ready for production. Due to the relatively small demand within the automotive segment, Daimler also wants to supply other energy storage application, such as grid storage and solar-battery applications.

Source: http://www.manager-magazin.de/unternehmen/autoindustrie/trotz-li-tec-schliessung-daimler-baut-batterieproduktion-aus-a-1005982.html

Somehow this type of press information seems pretty familiar to me... to the one EFL released, just dont knwo how the setup will be... But it there is LG, Daimler, Deutsche Accumotive and Li Tec and may be EFL involved... we will see! Waiting for news in due course!

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