# Mercedes Benz becomes first partner of CATL’s new Hungary battery plant
Published: 2022-08-12
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: Mercedes-Benz secures first cells from CATL's Hungary battery plant
Meta Description: Mercedes-Benz becomes first carmaker to receive cells from new $7.56B battery factory in Hungary, setting new benchmark in sustainable EV production.
URL: https://blockchaintribune.com/mercedes-benz-becomes-first-partner-of-catls-new-hungary-battery-plant/

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BERLIN (Reuters) -Mercedes-Benz is the first carmaker to receive cells from a new 7.34 billion euro ($7.56 billion) battery factory China’s [CATL](https://blockchaintribune.com/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range/) plans to build in Hungary, it said on Friday, adding this marked the highest initial order volume for the site.

Mercedes-Benz said the agreement marked the next milestone towards its goal of reaching battery production capacity of more than 200 gigawatt hours (GWh) at eight global production sites by the end of the decade.

The plant, announced by China’s Contemporary Amperex Technology Co., Limited (CATL) earlier on Friday, would provide battery cells for the next generation Mercedes-Benz models.

“With [CATL](https://blockchaintribune.com/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range/) we have a technology-leader as our partner to provide us – as the first and biggest customer of the new plant’s initial capacity – with top-notch CO2 neutral battery cells for our next generation EVs in Europe,” Mercedes-Benz management board member Markus Schaefer said.

($1 = 0.9706 euros)

(Reporting by Maria Sheahan and Christoph Steitz; Editing by Rachel More)


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