Mercedes-Benz to purchase $31 billion worth of battery cells

Mercedes-Benz has ordered €20 billion ($31 billion) worth of lithium-ion battery cells, which will see the company through until 2030. The German automaker expects battery-electric vehicles to account for between 15 and 25 per cent of its annual sales by 2025. To put that into context, the company sold a total of 3.3 million vehicles in 2017. Assuming zero growth, that would equate to between 495,000 and 825,000 electric vehicles.