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The automotive group Daimler acquired shares of around 3 percent in Farasis Energy last year. Linked to the investment, which took place in 2020 as part of Farasis Energy’s IPO, was the opportunity to nominate a representative for a seat on the battery cell manufacturer’s Supervisory Board. Markus Schäfer, member of the Management Board of Daimler AG and Mercedes-Benz AG; responsible for Daimler Group Research and Mercedes-Benz Cars COO, intended to take over the position after a period of twelve months. Now the Shareholders Farasis Energy have elected him as an official member of the Supervisory Board.
“Our partnership with Daimler, which will become even closer with the appointment of Markus Schäfer to the Supervisory Board, is not only of outstanding strategic importance for Farasis, but also a milestone on our joint path to a more sustainable world through CO₂-neutral mobility,” explains Dr. Yu Wang, the Chairman of Farasis Energy.
Dr. Keith Kepler, CTO and co-founder of Farasis Energy, adds, “The election of Markus Schäfer as a member of the Supervisory Board is of great importance for Farasis Energy Europe and USA. This step strengthens the partnership between Farasis and Daimler for sustainable and advanced battery cell technologies. And at the same time, it confirms us in our corporate and expansion strategy, which is always closely aligned with our customers – in a challenging, dynamic market.”
Source: Farasis Energy Europe(Press Release)
