Mercedes set to invest billions in e-vehicles plants

Mercedes set to invest billions in e-vehicles plants

Mercedes-Benz is poised to invest billions of dollars in the development and production of electric vehicle (EV) plants, a move that will significantly bolster the automaker’s long-term commitment to the production of zero-emission technologies.

The Daimler-owned company recently announced plans to invest $10.6 billion in the development and production of EVs, with a focus on expanding the production of EVs and plug-in hybrid models. The investment, which will be spread across all of Mercedes-Benz’s global production sites, will also be used to create new production and research and development facilities.

The automaker has been at the forefront of the EV revolution, introducing its first series-production electric vehicle in 2012. Since then, the company has introduced a variety of electric-powered models, ranging from the tiny Smart ForTwo ED to the luxurious S-Class E.

The new investment will be used to expand the company’s current EV production capabilities, as well as to develop new EV-specific production facilities. The company plans to build new EV production sites in Germany, China, the United States, and South Africa, as well as expand existing sites in France and India.

The move is part of the automaker’s larger effort to meet rising consumer demand for EVs and to reduce emissions from its vehicles. The company has set a goal of having over 150 electric vehicles in its product lineup by 2022, and the new investment will help it reach that goal.

The investment is also a reflection of the company’s commitment to advancing the development of zero-emission technologies. Mercedes-Benz has already invested billions of dollars in electric mobility research and development, and the new investment will ensure that the company remains at the forefront of the EV revolution.