Daimler Truck will become the main shareholder of the German high-tech engineering company Manz through a capital increase of about 10 percent subject to the approval of the relevant antitrust authorities.
Both companies have signed a cooperation agreement to set up a pilot line for the production of lithium-ion batteries and battery assembly at Daimler Truck in Mannheim. Both companies will combine experience and develop further joint projects.
The main goal is to develop innovative battery technologies and related processes for the production of trucks and buses.
Manz operates worldwide as a manufacturer of high-tech machines with a focus on the automotive industry and electric mobilization. The company from Reutlingen has 10 years of experience in the process and production of products in the field of mechanical engineering for the production of cells and batteries.
“Through this investment, Daimler Truck is taking a strategically important step in developing CO2-neutral vehicles and moving from conventional drive systems to alternative drive technologies,” the statement said.
The Mercedes-Benz plant in Mannheim is Daimler Truck’s center of expertise in battery technology and high-voltage systems. Mannheim is already supplying Woerth batteries for electric eActros.
The company’s InnoLab battery in Mannheim will develop the company’s own lithium-ion rechargeable batteries, which will be produced on a pilot line and assembled into complete rechargeable systems. More than 60 new machines and systems will be created.