“The technological focus is on significant increases in range through advances in energy density and the reduction of charging times,” Mercedes explained, noting that the partnership cements a reliable EV battery cell supply chain while providing financial support for Farasis to build a factory in Germany.

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As of 2020, the plan also included constructing another EV battery plant in the US. A map on the company’s website indicates somewhere in the US Southeast along the Gulf of Mexico, which is not a shocker to those following the rise of the electric vehicle industry in politically conservative states.