Mercedes-Benz budgets $1 billion for electric vehicles

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By 2022, there will be electrified versions of all the cars made by Mercedes-Benz, according to Daimler AG, the parent company of Mercedes-Benz. This will be achieved under the new EQ sub-brand. To achieve this, the company is pouring $1 billion into a 20-year-old factory in Alabama, USA. A 1-million-square-foot expansion will be added, with construction starting […]

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