Mercedes-Benz has just divulged information on their EV schedule and allied businesses for this decade.
At last year’s Paris Motor Show, the company revealed their new product brand for electric vehicles called EQ, and they also showcased a near-production concept called ‘Concept EQ’ which is expected to roll into showrooms by the year 2020. To cater to their future need, Mercedes-Benz has now laid the foundation for one of the largest and most contemporary battery making facilities at Kamenz in Germany. It’s their second battery factory and will be built at an estimated cost of close to 500 million Euros. Investing in this technology is crucial for the brand as they have more than ten new electric passenger vehicles lined up for launch by the year 2022.
Just so that we are on the same page, Mercedes is spending an additional ten billion Euros for the development of their electric fleet in the years to come. Their first EQ series model is expected to roll off their Bremen plant in 2020, and the luxury-class EQ models will be built at the company’s Sindelfingen production facility. Mercedes foresees their electric vehicles to make up between 15 to 25 percent of their total sales by the year 2025. Development of their electric commercial vehicles is also on-track with products like the ‘Fuso eCanter’ which is the world’s first pure-electric light truck, the ‘Urban eTruck’ which is the world’s first fully-electric heavy-duty truck, and the upcoming fully-electric city bus. Stay tuned to CarTrade for more information regarding Merc’s electric vehicles.