Hyderabad: Mercedes-Benz plans to be an electric-only brand by 2025 and plans to have battery electric vehicles in all segments the company serves. It mentioned that all newly launched architectures will be electric only from 2025 and plans to go all electric at the end of the decade, where market conditions allow.
In terms of battery cell capacity, it plans to install more than 200 Gigawatt hours with partners and plans for 8 Gigafactories. Globally, the luxury automaker plans to have more than 5,30,000 charging points and will introduce plug and charge for seamless charging.
“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. Mercedes-Benz intends to manage this accelerated transformation while sticking to its profitability targets,” the company said in a statement.
“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 Källenius, CEO of Daimler AG and Mercedes-Benz AG.
To facilitate this shift, Mercedes-Benz is unveiling a plan which includes significantly accelerating R&D and total investments into battery electric vehicles between 2022 and 2030 will amount to over €40 billion.
Mercedes-Benz is currently preparing its global production network for electric-only output with the pace of the ramp-up designed to follow market demand. “By next year, 8 electric vehicles will be produced at 7 locations across three continents. We also plan to install a new battery recycling factory in Kuppenheim, Germany, to develop and secure recycling capacity and know-how,” the company said.
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