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From Electrek: Daimler announces $11 billion investment in electric vehicles

Discussion in 'News from Electrek.co' started by RSSFeed, Nov 27, 2016.

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    Daimler announces $11 billion investment in electric vehicles

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    Daimler has been fleshing out its electric vehicle strategy over the last year and a big part of it came to life in Paris earlier this year with the unveiling of Mercedes’s new ‘EQ’ brand and the first vehicle under that electric brand: ‘Generation EQ’.

    The German automaker admitted that it fell behind in the electric vehicle segment, but it hopes to come out on top by 2025 with 25% of its production being electric. Now an executive confirmed that the company is planning a $11 billion investment for the first series of vehicles to come out. more…

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