Truck and car manufacturing giant Daimler has announced plans to buy €20 billion worth of battery cells.

The company said in a statement, “We are systematically pushing forward with the transformation into the electric future of our company.”

The company has plans to make 130 electric variants of Mercedes Benz Cars and has also recently launched a range of electric short haul trucks, and expects battery variants of its vehicles to account for up to 25% of of its sales worldwide by 2025.

As part of the investment Daimler is to invest €1bn in battery production across eight factories on three continents. The first factory in Kamenz is already in series production and the second factory there will start series production at the beginning of 2019. Two more factories will be built in Stuttgart-Untertürkheim, one at the company’s Sindelfingen site, and one each at the sites in Beijing (China), Bangkok (Thailand) and Tuscaloosa (USA).

Mercedes-Benz Vans is electrifying its entire fleet. Deliveries of the all-electric mid-size van eVito, started in November 2018. The eSprinter will follow in the second half of 2019.

Daimler launched its first all-electric truck, the Fuso eCanter last year, while the eActros was unveiled in June 2018. In September, Mercedes-Benz Trucks handed over the first of a total of ten eActros trucks to a customer for use in everyday operations.