logo
  

Daimler To Invest More Than EUR 40 Bln In EVs By 2030 - Quick Facts

German automaker Daimler AG (DDAIF.PK) said Thursday that it will invest more than 40 billion euros between 2022 and 2030 in a full shift to electric Mercedes-Benz vehicles by the end of the decade. All newly launched architectures will be electric-only from 2025 onwards.

"Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions allow," Daimler said in a statement.

Mercedes-Benz will launch three electric-only architectures in 2025.

The company plans to set up eight battery production facilities to enable its shift to all electric vehicles. This is in addition to the already planned network of nine plants dedicated to building battery system.

The company plans to use a common battery platform across more than 90 percent of future vehicles.

Mercedes-Benz is currently developing the Vision EQXX, an electric car with a real driving range of more than 1,000 kilometres on a single charge.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Major covid vaccine makers said they are investigating Omicron, the new, heavily mutated coronavirus variant that was first detected in South Africa, and working to adapt their vaccines, if needed. The World Health Organization, which named the new variant omicron, said the new strain is a "variant of concern" that could pose a higher risk of reinfection compared to the previous mutations. This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3.
Follow RTT