{"id":427012,"date":"2021-07-23T08:10:50","date_gmt":"2021-07-23T02:40:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427012"},"modified":"2021-07-23T09:30:19","modified_gmt":"2021-07-23T04:00:19","slug":"mercedes-to-be-ready-for-car-markets-going-electric-only-with-47-bn-push","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mercedes-to-be-ready-for-car-markets-going-electric-only-with-47-bn-push\/","title":{"rendered":"Mercedes to be ready for car markets going electric-only with $47-bn push"},"content":{"rendered":"<p>Daimler AG\u2019s Mercedes-Benz vowed to spend more than 40 billion euros ($47 billion) this decade to electrify its lineup and defend its position as the world\u2019s best-selling luxury-car maker through a historic industry transformation.<\/p>\n<p>The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update Thursday. Mercedes is betting that the luxury segment will shift faster toward battery-powered products than the mass market because of customers\u2019 greater purchasing power.<\/p>\n<p>\u201cThe tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade,\u201d Chief Executive Officer Ola Kallenius said in a statement. \u201cThis step marks a profound reallocation of capital.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daimler AG\u2019s Mercedes-Benz vowed to spend more than 40 billion euros ($47 billion) this decade to electrify its lineup and defend its position as the world\u2019s best-selling luxury-car maker through a historic industry transformation. The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update Thursday. Mercedes is betting that the luxury segment will shift faster toward battery-powered products than the mass market because of customers\u2019 greater purchasing power. \u201cThe tipping point is getting closer and we will be ready as markets switch to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-427012","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427012"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427012\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}