Daimler will be fined billions due to Tesla

Daimler will be fined billions due to Tesla

January 25, 2020 0 By autotimesnews

The German corporation was not able to fulfill the plan for the electrification of models.

From the 60 thousand designated electric vehicles Mercedes-Benz EQC, the company managed to release no more than half. The reason for the low result is the lack of traction batteries. The batteries are manufactured by LG Chem.

According to experts, Daimler AG faced this problem back in 2019. It should be noted that the automaker managed to produce a total of 7,000 Mercedes-Benz EQC cars out of the planned 25 thousand units.

 Problems with traction batteries appeared at Daimler AG back in 2017. It was at that time that Tesla Inc. became the owner of a blocking stake in Grohmann Engineering. This company produces electronics and automotive components for a German corporation. Daimler then signed an agreement with Grohmann Engineering to develop its lithium-ion battery plant.

  In turn, the head of Tesla, Elon Musk, to Grohmann Engineering reduced the partnership with other automakers. Currently, the plant is focused on Tesla.

 This caused Daimler’s electrification plans to fail. The carmaker was not able to comply with the standards for carbon dioxide emissions. For the German automaker, the limit is 102.8 g / kg. According to PA Consulting, the fine will amount to $ 1.1 billion.