Mercedes gears up powertrain network for EVs from 2024

Mercedes battery production at Kamenz MB web.jpg — Battery production is pictured at Mercedes-Benz's plant in Kamenz, Germany. (MERCEDES-BENZ)

By:

Reuters

December 14, 2022 09:51 AM

BERLIN -- Mercedes-Benz laid out plans for an investment of more than $1.06 billion to adapt its global production network for electric powertrain systems - including battery assembly, electric drive units, and axles - from 2024.

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