Hyperdrive
Daimler Says Sustainable Batteries Will Be a Marathon Struggle
- Capital markets demand sustainable business strategy: Daimler
- Carmaker pledges cars free of human-rights violations
This article is for subscribers only.
Daimler AG sees responsibly-sourced battery raw materials remaining a critical challenge in the long run as the industry relies on nations with checkered working and environmental conditions.
Key ingredients like cobalt and lithium will be the most difficult to stay on top of owing to multiple production steps and origin countries often with poor human-rights records, said Renata Jungo Bruengger, Daimler’s management board member for integrity and legal affairs. The world’s biggest luxury carmaker aims to go electric-only by 2030 where possible, kicking off a wave of demand for battery inputs alongside other automakers.