Daimler’s Mercedes-Benz brand said on Thursday that by 2030, Mercedes-Benz will invest more than 40 billion euros (US$47 billion) to become an all-electric manufacturer of new cars.
From 2025 and in the future, this German car manufacturer will only produce new battery-powered cars. It plans to build eight battery factories in the process and launch three new battery-only vehicle platforms in 2025.
“The transformation of electric vehicles has increased the speed, especially in the luxury car sector,” said Ola Kallenius, CEO of Daimler AG and Mercedes-Benz AG. We will be ready to switch to electricity. This marked a profound redistribution of capital.
Reallocation will also reduce employment because electric vehicles have fewer parts. Mercedes-Benz will retrain some workers and provide early retirement acquisitions for others.
‘s goal is to retrain approximately 20,000 workers in electric vehicles. , Creating approximately 3,000 new software engineering jobs worldwide.
Kallenius did not say when Mercedes-Benz will cease production of all internal combustion engine vehicles.
The company will mix internal combustion engines and Pukin between 2019 and 2026 The investment in power vehicles has been cut by 80%.
“We need to move the argument away from the time when the last internal combustion engine was built, because it doesn’t matter,” Kallenius told Reuters. “The question is how fast can you scale to close to 100% of the power.
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Today, this German Automakers expect that half of their sales by 2025 will be electric or hybrid models.
Mercedes-Benz is not the first company to set goals for all electric cars. Volvo Cars has pledged to be fully electric by 2040. GM 1.3% stated that they intend to be fully electric by 2035. Stellantis said earlier this month that it will spend more than 30 billion euros ($ 35.4 billion) to increase its portfolio of pure electrical products.
Volkswagen said that by 2035 it will stop producing gasoline and diesel engines in Europe.
A week ago, the European Union proposed to ban the sale of all new gasoline and diesel vehicles by 2035 as part of a broader effort to reduce carbon emissions.
The transition will occur without sacrificing profitability, Mercedes-Benz said.
You have committed to achieving your expected profit margin in 2020. These profit targets are based on the assumption that by 2025, 25% of sales will be hybrid or all-electric models, only half of the current forecast.
“An important lever is to increase net income per unit by increasing the share of high-end electric vehicles such as Mercedes-Maybach and Mercedes-AMG,” the company said in a press release.
The German automaker is acquiring Yasa Ltd., a UK-based developer of high-performance electric motors. Daimler said Thursday that it will soon announce additional European partners to expand battery production.

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