Tuesday, July 27, 2021
News

Mercedes-Benz prepares to go all-electric

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Stuttgart | Friday, 2021 1:15:05 AM IST
Luxury automobile manufacturer Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions allow.

Accordingly, the company is accelerating toward an emissions-free and software-driven future.

Under the plans, by 2022, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves.

Besides, from 2025 onwards, all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes.

According to Mercedes-Benz, it intends to manage this accelerated transformation while sticking to its profitability targets.

"The EV shift is picking up speed -- especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," said Ola Kallenius, CEO of Daimler AG and Mercedes-Benz AG.

"This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz."

Additionally, to facilitate this shift, Mercedes-Benz plans to significantly accelerate R&D.

In total, investments into battery electric vehicles between 2022 and 2030 will amount to over 40 billion.

In addition, Mercedes-Benz plans to set up eight Gigafactories for producing cells, together with its partners around the world.

"This is in addition to the already planned network of nine plants dedicated to building battery systems," the company said in a statement.

"Next generation batteries will be highly standardised and suitable for use in more than 90 per cent of all Mercedes-Benz cars and vans while being flexible enough to offer individual solutions to all customers."

--IANS rv/sn/pgh

( 281 Words)

2021-07-22-19:14:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Afghan security forces push back Taliban...
Liz Cheney given prime speech slot at Ca...
4.3 magnitude earthquake rocks Afghanist...
China: Toll in Henan floods rises to 71...
'Nearly 60% of French adults received 1s...
Death toll rises to 69 in China's rain-r...
More...
 
INDIA WORLD ASIA
Mamata Banerjee meets PM Modi...
Mamata Banerjee to meet Sonia Gandhi at ...
Centre issued advisory to check illegal ...
Tamil Nadu BJP chief pays tribute to APJ...
HC seeks fresh status report from Delhi ...
Pegasus row: Manish Tewari gives adjourn...
More...    
 
 Top Stories
Iran busts terror group, arrests 36... 
Tata Communications launches IZOTM ... 
Antibodies drop 50% in 3 months of ... 
Kerala Bishop offers sops for famil... 
Odisha police busts newborn traffic... 
TN to micromanage 11 districts with... 
Appeal to rethink as Parliament mea... 
Mani Ratnam's 'Navarasa' trailer ou...