One by one, the world’s car brands have ambitiously committed to electric vehicles, setting targets to renew all their fleets and revealing investment plans for the future.
Today, it seems like Mercedes’ turn.
The luxury automaker said this morning it will spend more than $47 billion over the next 10 years to “electrify its line and protect its position as the world’s best-selling luxury automaker, a historic transformation of the industry,” according to Bloomberg.
Mercedes announces the launch of 3 new electric vehicle platforms in 2025 and the structure of 8 additional battery factories with partners.
Mercedes’ first foray into electric cars with the EQS was a resounding success, as the vehicle “earned praise from automotive analysts and critics. “
Investors will be delighted to hear that Mercedes says it is sticking to its profitability targets despite the change. “Mercedes will be more successful in 2021 than in years,” Bloomberg reported. The existing tailwind is the result of top-margin models combined with increased post-Covid demand.
Related: Extreme floods weigh on China’s energy supply chain
However, as Stellantis did earlier this week, Mercedes warned of headwinds from emerging commodity prices. Recall that at a webinar hosted this week through the Detroit-based Automotive Press Association, Stellantis CEO Carlos Tavares said, “I see inflationary tension very clearly. I see inflation coming from many other areas.
Mercedes will present an electric edition of its E-class to complement its fleet at the Munich car show in September, the report says. The company expects plug-in hybrids and all-electric cars to account for more than a share of global sales through 2030.
By 2039, it will be a carbon neutral fleet.
Tom Narayan, analyst at RBC Capital Markets, concluded: “We would be buyers of Daimler before its truck rotation at the end of the year. According to our calculations, I would get the car industry for free. “
The corporation has not yet given a date through which it absolutely plans the combustion engines.
More on Oilprice. com:
Read this article in OilPrice. com
This tale gave the impression to Oilprice. com