Mercedes-Benz acquires 33% stake in ACC to deepen cooperation in battery field

In September 2021, Mercedes-Benz, a subsidiary of Daimler Group, announced that it would acquire a 33% stake in battery manufacturer ACC. This move marks further cooperation between the two parties in the field of battery and battery module development. ACC's three major shareholders, Stellantis, Mercedes-Benz and Saft, will continue to participate in the company's capital increase.