Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period.
Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it would, with partners, build eight battery plants as it ramps up EV production and that from 2025 all new vehicle platforms would only make electric cars.
