Automotive: Daimler will be “ready” to become fully electric by 2030

To support this development, the Mercedes-Benz manufacturer plans to open eight battery cell factories around the world.

German automaker Daimler announced on Thursday “more than 40 billion euros“Investments in its electrification between 2022 and 2030, to no longer sell cars with internal combustion engines by the end of the decade”where market conditions permit“.

The Mercedes-Benz manufacturer plans to open eight factories around the world for battery cells, the key component of electric models, a sign of the accelerated abandonment by the automotive sector of traditional fuels against a backdrop of increasingly strict environmental standards. “We will be ready if markets go fully electric by the end of the decade“, notes Ola Källenius, boss of Daimler, presenting a “fundamental reallocation of capitalat a time when a historic split in the group is also being prepared.

SEE ALSO – Jaguar: the car brand will become 100% electric from 2025

Investments

By the end of the year, Daimler intends to IPO its Daimler Trucks truck business, which has become autonomous. For the Mercedes-Benz Cars and Vans automotive branch, Daimler will devote a total of at least 40 billion in less than ten years to electrification. Investments in thermal and hybrid technologies will drop by 80% between 2019 and 2026.

Mercedes now expects a share of hybrid and electric cars among global sales of at least 50% in 2025, up from 25% previously. “China to play key role in accelerated electrification strategy“Says the manufacturer of the luxurious S-Class, whose electric model EQS was unveiled in April. The key to this strategy: from 2025, Mercedes will only launcharchitectural» – the technical basis of a vehicle that houses the engine, wheel and chassis – 100% electric. It will also acquire the British start-up YASA, which specializes in electric motors.

Daimler did not specify either a deadline or a location for its eightgiga factoriesof battery cells that the group intends to install around the world to cover its needs. Despite the electrification, Daimler intends to maintain the level of its margins, adds the group.

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