Daimler buys electric car battery activities from Evonik
FRANKFURT (Reuters) - German carmaker Daimler (DAIGn.DE) is taking over stakes in two battery cell producers from Evonik (EVKn.DE), making Daimler the sole owner of both companies.
Daimler said in a statement on Tuesday it will acquire a 50.1 percent interest in Li-Tec Battery GmbH and a 10 percent stake in Deutsche Accumotive GmbH & Co. KG to expand its lithium-ion activities.
The companies declined to disclose financial details.
(Reporting by Kirsti Knolle; Editing by Jonathan Gould)