Daimler has taken a major step forward in its electrification strategy by ordering "more than €20 billion" worth of battery cells for EVs.
The order, which is expected to see the Mercedes-Benz brand through to 2030, is part of a plan to have "130 electrified variants of Mercedes-Benz cars by 2022". Alongside this, the company confirms it will be selling electric vans, buses and trucks in the next four years.
Daimler joins fellow German firms BMW and the VW Group in putting forward a multi-billion euro electrification plan, which will also see the brand investing in a global network of battery assembly plants, with three to be installed in Germany, one in China, one in Thailand and one in the US. It's not yet clear which companies will be supplying the latest order, but Daimler has contracts with a number of Korean and Chinese suppliers.