Shanghai's Envision to Supply Mercedes-Benz's EV Batteries

Shanghai-based green tech giant Envision Group has been selected to supply battery modules to Mercedes-Benz’s new vehicles, in a move the German automaker said is part of its electrification strategy to stay ahead in the competitive electric vehicle industry.

Under an agreement announced on Wednesday, Envision AESC, the battery-making subsidiary of Envision Group, will power the new-generation all-electric EQS and EQE SUVs that Mercedes-Benz makes in the U.S. state of Alabama.