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Daimler to source battery cells from Farasis Energy

Farasis has said it is investing 600 million euros ($662.5 million) to build the German plant. FRANKFURT – Daimler has struck a deal to buy lithium ion battery cells from Farasis Energy, a Chinese-American supplier that is building a factory in east Germany to help Mercedes-Benz ramp up electric vehicle production, it said on Tuesday. […]

$5 Billion Asian Development Fund Replenishment Agreed to Support Most Vulnerable in Asia and Pacific – EQ