Farasis Vitality elects Daimler Administration Board member Markus Schäfer to the Supervisory Board

In July 2020, Mercedes-Benz and Farasis Vitality formally introduced their strategic partnership. In July 2021, the Shareholders of Farasis Vitality elected Markus Schäfer, Member of the Administration Board of Daimler AG in addition to Mercedes-Benz AG, as a member of the Supervisory Board in its official assembly. Farasis Vitality and Daimler are thus taking one other essential step of their strategic partnership.

The automotive group Daimler acquired shares of round 3 p.c in Farasis Vitality final yr. Linked to the funding, which occurred in 2020 as a part of Farasis Vitality’s IPO, was the chance to appoint a consultant for a seat on the battery cell producer’s Supervisory Board. Markus Schäfer, member of the Administration Board of Daimler AG and Mercedes-Benz AG; answerable for Daimler Group Analysis and Mercedes-Benz Vehicles COO, supposed to take over the place after a interval of twelve months. Now the Shareholders Farasis Vitality have elected him as an official member of the Supervisory Board.

“Our partnership with Daimler, which is able to turn out to be even nearer with the appointment of Markus Schäfer to the Supervisory Board, just isn’t solely of excellent strategic significance for Farasis, but in addition a milestone on our joint path to a extra sustainable world by CO₂-neutral mobility,” explains Dr. Yu Wang, the Chairman of Farasis Vitality.

Dr. Keith Kepler, CTO and co-founder of Farasis Vitality, provides: “The election of Markus Schäfer as a member of the Supervisory Board is of nice significance for Farasis Vitality Europe and USA. This step strengthens the partnership between Farasis and Daimler for sustainable and superior battery cell applied sciences. And on the identical time, it confirms us in our company and enlargement technique, which is all the time intently aligned with our prospects – in a difficult, dynamic market.”

About Farasis Vitality

Farasis Vitality is a developer and producer of lithium-ion battery know-how for electrical mobility and different energy storage functions. Based in California in 2002, the corporate presently employs greater than 4,000 folks worldwide and operates analysis and improvement facilities in China, Germany and the USA. There are presently two manufacturing websites in Ganzhou and Zhenjiang (China). Additional world manufacturing websites, additionally outdoors China, are in preparation. The European subsidiary Farasis Vitality Europe GmbH is predicated in Frickenhausen close to Stuttgart.

Press contact

Press workplace Farasis Vitality Europe

Maren Henke

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Supply: Farasis Vitality Europe