Daimler declines to invest in battery cell production

The Mercedes B 250 e uses a drivetrain supplied by Tesla.

February 25, 2016 05:00 AM

FRANKFURT -- Burned by past experience, Daimler CEO Dieter Zetsche ruled out investing in battery cell production for electric cars with other German premium brands for at least another few years citing a massive overcapacity in the market that has turned cells into a commodity.

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