Mercedes-Benz has signed an word of honour with H2 Inexperienced Metal, a Swedish start-up, to lend 50,000 lots of low-carbon dioxide metal for the automaker’s meeting vegetation in Europe and North The us.
Mercedes took an fairness stake in H2 Inexperienced Metal in 2021, and the brandnew word of honour expands the strategic partnership with the attempt of initiation a North American provide chain for “almost CO2-free” metal. Automobile manufacturing the use of the metal is about to start out in 2025.
“Based on our initial investment into H2 Green Steel, we now have a finalized, relevant supply agreement for Europe and are now looking at establishing a sustainable steel supply in North America,” Gunnar Güthenke, head of procurement and provider trait at Mercedes-Benz Vehicles, stated in a remark on Wednesday.
