To support this development, the manufacturer of Mercedes-Benz 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 stop selling cars with thermal engines by the end of the decade”where market conditions permit“.
The manufacturer of Mercedes-Benz 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 stringent environmental standards. “We will be ready if the markets turn entirely to electric by the end of the decade“, Notes Ola Källenius, boss of Daimler, presenting a”fundamental reallocation of capital»At a time when a historic split in the group is also being prepared.
By the end of the year, Daimler intends to IPO its heavy-duty business Daimler Trucks, which has become independent. For the automobile branch Mercedes-Benz Cars and Vans, Daimler will in total devote 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 in global sales of at least 50% in 2025, down from 25% previously. “China to play a key role in the 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 launch “architectures»-The technical basis of a vehicle which accommodates the motor, wheel and chassis -100% electric. It will also acquire the British start-up YASA, specializing in electric motors.
Daimler did not specify a deadline or location for its eight “giga factories»Battery cells that the group intends to install around the world to cover its needs. Despite electrification, Daimler intends to maintain the level of its margins, adds the group.