Daimler announced that it is investing 10 billion euros in the expansion of the Mercedes-Benz Cars electric fleet and another billion euros in the global battery production network within the worldwide production network.

Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, said, “Our electric offensive continues to gain momentum. After investing billions of euros in the development of the electric fleet and the expansion of our global battery network, we are now taking the next step. With the purchase of battery cells for more than 20 billion euros, we are systematically pushing forward with the transformation into the electric future of our company. We plan a total of 130 electrified variants at Mercedes-Benz Cars by 2022. In addition, we will have electric vans, buses and trucks.”

Daimler is investing more than 1 billion euros in a global battery production network within the worldwide production network of Mercedes-Benz Cars. The company purchases the cells on the world market. The global battery production network of Mercedes-Benz Cars will ultimately consist of eight factories on three continents. The first factory in Kamenz is already in series production and the second factory there will start series production at the beginning of 2019. Two more factories will be built in Stuttgart-Untertürkheim, one at the company’s Sindelfingen site, and one each at the sites in Beijing (China), Bangkok (Thailand), and Tuscaloosa (USA). The company says that local production of batteries is an important factor in meeting the global demand for electric vehicles flexibly and efficiently.

Daimler says it will continue optimization of the current generation of Li-ion systems, further development of cells bought on the world market, and research of the next generation of post-lithium-ion systems.

The company says the entire Mercedes portfolio is to be electrified by 2022, with various electrified alternatives available in every segment, from the smart to the SUVs. More than 130 variants are planned, from the 48-volt electrical system to EQ Boost and plug-in hybrids and more than 10 all-electric vehicles powered by batteries or fuel cells. By 2025, sales of battery-electric vehicles are to increase to 15-25% of total unit sales—depending on individual customer preferences and the development of the public infrastructure.