Daimler securing battery material supply chain.

This week Daimler announced that they have spent $20 billion euros recently to acquire battery materials to feed into their manufacturing efforts in this area. https://electrek.co/2018/12/11/daimler-billion-battery-cells-electric-vehicle/  

Although it seems to me that they have realized somewhat late compared to other auto manufacturers that the future does not lay with internal combustion engines, this of course is great news. I would expect them to become amongst the leading companies soon. The more innovative, sustainable, renewable, alternative materials coming into the battery material stream coupled with the engineering depth of Daimler will be a huge positive for the industry and environment.

 

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