Mercedes-Benz will invest billions of dollars over the next few years to modernize its factories in China, Germany and Hungary as part of a strategy to shift to electric vehicles and reduce harmful emissions. This is reported by the Reuters news agency with reference to the specialized publication Automobilwoche.
Image Source: Mercedes-Benz
Mercedes has said it is ready to transition to electric vehicle production by the end of the decade if market conditions favor it. “We are investing triple-figure millions of dollars [т.е. больше 100 млн] to each plant at the initial stage,” said a Mercedes-Benz spokesman. According to reports, the automaker will begin upgrading the plant in Rastatt, Germany in the next few months, and the production of the first electric vehicles based on the compact MMA platform will begin in 2024. At the same time, the number of models produced at this site will be reduced from seven to four.
In addition, Mercedes-Benz is investing up to a billion dollars to modernize the paint systems at its factories in Sindelfingen, Bremen and Rastatt. The automaker said in a statement that the modernization will reduce the consumption of electricity and water. Mercedes-Benz is also considering expanding its American plant in Tuscaloosa, hoping to be able to use government subsidies.
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