Chinese battery manufacturer CATL will deliver battery packs that would give Mercedes-Benz cars 700 kilometers of range with higher recharging speeds, based on its agreement with Daimler.
The partnership would include supplying cells and entire battery systems as well as combining research and covers the full range of battery technologies, from cells across modules for cars to complete battery systems for vans.
It also includes CATL's cell-to-pack (CTP) design that eliminates conventional modules and integrates the cells directly to the battery.
CATL will use electricity from renewable energy sources, such as wind, solar, and hydropower.
According to Daimler, it intends to lead in battery technologies by combining its research and development expertise with those of its partners.
The German carmaker added that the partnership would shorten development cycles and significantly increase the ranges of future batteries through and reduce charging times.
Daimler also has battery cell supply deals with South Korea's SK Innovation, LG Chem, and Farasis as it plans to ramp up production of electric and hybrid vehicles.


CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Google to Move All Pixel Production Out of China by 2027
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO
OpenAI Tightens AI Safety Monitoring After Security Incidents
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Standard Chartered Expands Hedge Fund Access for Wealth Clients
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 



