Daimler trucks
The world market leader for heavy trucks wants to develop an electric truck platform by the end of 2024.
(Photo: dpa)
Daimler Truck takes a stake of around ten percent in the mechanical engineering company Manz to set up a production facility for batteries for electric trucks. As part of a capital increase, Daimler Truck will become an anchor shareholder of the Reutlingen company with around ten percent, the Dax group announced on Monday. A strategic partnership has been sealed to set up a pilot line for the production of lithium-ion cells and battery assembly at the Daimler plant in Mannheim.
On the stock exchange, Manz’s shares climbed by almost 13 percent. Daimler Trucks were up 1.4 percent.
“We aspire to be the innovation leader in the commercial vehicle industry,” explained Daimler Technical Director Andreas Gorbach. The development of products and manufacturing processes must be closely interlinked. The world market leader for heavy trucks wants to develop an electric truck platform by the end of 2024.
The mechanical engineering company Manz is the ideal partner for Daimler’s strategy in the electrification of commercial vehicles, explained Manz boss Martin Drasch. Manz has decades of experience in battery technology and expertise for such large-scale projects.
Top jobs of the day
Find the best jobs now and be notified by email.
More: Daimler Truck increases forecast – truck manufacturer benefits from rising prices