Daimler plans to buy $23 billion worth of battery cells by 2030 as the maker of Mercedes-Benz vehicles and commercial trucks prepares to bring dozens of electric and hybrid vehicles to market.

The German automaker didn’t disclose which companies would supply them with batteries. However, Daimler does have supply deals with LG Chem and SK Innovation, as well as China’s CATL.

Daimler’s $22.8 billion budget for lithium-ion batteries is just part of its multi-billion effort

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