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Daimler Plans €10 Billion Spending on EVs
Daimler AG expects to invest as much as €11 billion ($11.7 billion) within the next 10 years to develop electric cars.
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Daimler AG expects to invest as much as €11 billion ($11.7 billion) within the next 10 years to develop electric cars.
Thomas Weber, the company’s r&d chief, tells the Stuttgarter Zeitung that Daimler’s plan is to develop an EV platform able to carry 10 different models, including three city cars for the company’s Smart brand.
Daimler’s interest in electrics has been driven by improved batteries and a backlash against diesels. Weber says EVs in the company’s future lineup will have driving ranges as great as 700 km (435 miles).
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