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Wednesday, December 17, 2008
Daimler AG and Evonik Industries - Lithium Ion JV
ClikImage: © 2008 theirEarth.com

The smart ed (electric drive) - Li-Tec Lithium Ion Batteries

Daimler AG and Evonik Industries of Germany announced this week a joint venture partnership to produce lithium ion batteries. The new lithium ion battery JV will be called Li-Tec and the ownership will be 49.9% Daimler and 50.1% Evonik. Daimler plans to use the lithium ion batteries in the smart ed (electric drive) and also in future hybrid and full electric vehicles. Daimler will release their new S400 Hybrid to the market in the middle of 2009, and the car will be powered by a Mercedes-Benz lithium ion Li-Tec battery.

Evonik and Daimler indicate that the new Li-Tec lithium ion battery has an incredible service life of as much as 400,000 km, which is more than four times the life announced by other automotive battery suppliers. Research by Daimler AG indicates that the lithium ion battery market could become a 10 billion dollar industry within the next ten years. It is also predicted that in Germany alone, there will be more than 1 million electric vehicles on the road by 2020.

The Li-Tec JV has been able to break through a technology barrier in order to achieve the long life of their battery and this is their high tech SEPARION anode / cathode separator that is a new material built from ceramic and polymers using nanotechnology. The smart ed is expected to become commercially available in 2010, but expect long waiting lists for the vehicle.

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