DAIMLER ,which currently owns Mercedes-Benz,Smart ,Mercedes-Benz Trucks, Freightliner , Fuso , Western Star , Bharatbenz , Mercedes-Benz Vans, Mercedes-Benz Buses ,Setra and Thomas Built, says it will buy ₦8.3trillion worth of electric vehicle batteries through 2030 in order to electrify all its brands.

Daimler currently buys battery cells from SK Innovation and LG Chem in South Korea, as well as China’s Contemporary Amperex Technology.

It also plans to open six new battery assembly plants around the world, including three in Germany and one each in China, Thailand and the United States. 



Daimler said:

“Our electric offensive continues to gain momentum. After investing billions of euros in the development of the electric fleet and the expansion of our global battery network, we are now taking the next step.

“With the purchase of battery cells for more than €20bn ($23 billion), we are systematically pushing forward with the transformation into the electric future of our company. We plan a total of 130 electrified variants at Mercedes-Benz Cars by 2022. In addition, we will have electric vans, buses and trucks"

The electrified variants will include the all-electric vehicles,hybrid and plug-in hybrids like the new Mercedes-Benz GLC F-Cell plug-in hybrid SUV that is powered by hydrogen fuel and batteries.

Daimler's first all-electric Mercedes-Benz EQC SUV that will be launched next year uses battery cells that is made up of 60% nickel, 20% manganese and 20% cobalt.

It also plans to make its own batteries for its future electric cars that will contain little or no Cobalt .Cobalt is very costly and mostly mined in war-torn Democratic Republic of Congo.

"Our engineers are also working on a ratio with 90 percent nickel, 5 percent manganese 5 percent cobalt in order to reduce the amount of rare earth metals (Cobalt) even further"

Major German automakers like BMW, Volkswagen and Mercedes have invested billions of dollars to make cheaper Tesla fighters ,as more car owners (Nigerians excluded) are beginning to ditch their polluting petrol and diesel powered cars for the all-electric and hybrid alternatives.

What do you think?

https://autojosh.com/daimler-to-buy-₦8-3-trillion-worth-of-batteries-to-power-its-electric-vehicles/

Wow

Good one

2018 post. Okay oo! Batteries wey dey done buy already sef. Is that one news again? Okay oo!

Hmmm

That's the equivalent of Nigeria budget all invested into battery

Big minds!

Electric vehicles are the future

The world is moving

Electric cars is a myth to our leaders.

How can you have uninterrupted electricity and Fully integrated electric cars in Nigeria when you budget is funded by/with OIL



This present day Nigeria is meant to Fail


Toyota produced over 20 million vehicles in 2017, making it the largest car company in the world.

Is that soo

Good

If you give Nigerian govt that amount of money they will exhaust it in a month and won't be able to give account of what was done with it.

Benz all the way

Good one from Benz.. When all cars use electricity then maybe our government will start to drink our crude oil.

JoffreyBeroth:
Benz all the way

Happy to hear that, how many you got?.

Na wa o. I thought Seun and his mods had solved the issue of porn on front page but they seem to be back with a vengeance.

And no one commented when this post was first created because it wasn't on front page.

Off all the money nigeria has...not one single world class sky crapper...

what a mess of a country.

8.3 trillion? See money.

I noticed the war-torn democratic republic of Congo. Are they still fighting war till now?

And Nigeria moves to set up a battery factory, to see if it can land a contract from them

Cars would be cheaper to buy for Nigerians in the future..

Reasons:

By the time the rest of the world is using electric cars, they would ship the remaining petrol powered cars to Nigeria because we don't have electricity to power the new cars...

Shit hole

Ok

Africa sell s a

Inside life

Wawu!!

Nice investment, please dear nairalanders I need your help please see attached below

When will we get there Our Institutions seems to be producing obsolete graduates.

Even the generator that Dangote bought to power up a whole refinery is not up to that price.



Oh, i have just read the post, so Daimler is a company and not a person.

GrandHype:
Happy to hear that, how many you got?.

I’ve got many, thanks to good night rest. I cruise them for minimum of 6 hours everyday. I’ll get a concrete Benz soon though. Thanks for your concern

TheKing4040:
Good one from Benz.. When all cars use electricity then maybe our government will start to drink our crude oil.

The UK has similar plans for 2030.

By that time we will be bottling our oil and selling with gala on the express!

The UAE has already leveraged on oil and moved on.

As it was with the Coal mines in Udi, so will it be with our oil wells someday.

Shame!