Mercedes Electric strategy: more than 60 billion euro investment between 2022-2026

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Mercedes Supervisory Board has agreed on a business plan to invest more than 60 billion euros in 2022-2026 to speed up the transition to electric mobility. Mercedes Electric Strategy “Electric Only” is the most ambitious plan among premium car manufacturers. 

Today’s Supervisory Board decision reconfirms Mercedes’ electric strategy as announced in October 2020 and revised in July 2021.
Although Mercedes plans to cut investment spending, the premium manufacturer will continue to allocate significant funds for electrification, digitization and autonomous driving.

Mercedes will continue to focus on delivering attractive products. Thuis, Olla Kalenius continues Dieter Zetsche’s policy of focusing on the product. Mercedes wants to become a world leader in electric propulsion and car software.

In this regard, Olla Kalenius stated: “Our goal is technological leadership in the automotive luxury segment and in the area of ​​premium vans while remaining committed to our ambitious margin targets. Mercedes-Benz has what it takes: a clear strategy, a highly qualified and motivated team, as well as strong support from the entire supervisory board. With the most desirable cars we want to grow profitably and create sustainable value for our customers, employees, shareholders and partners. ”

Mercedes changed its strategy in July 2021 from Electric First to Electric Only.
– Thus, in the future there will be only three electric platforms: MB.EA for passenger cars, VAN.EA for vans and AMG.EA for high performance models.
– It will build 8 battery plants around the world
– Bought the British manufacturer of high performance electric motors YASA
– Will invest in the construction of solid state batteries together with Factorial Energy
– Wants to give up the thermal engine in 2030 instead of 2035

To that end, Mercedes wants to use standardized battery platforms and scalable vehicle architectures to reduce the variable costs of vehicles. The German premium manufacturer hopes that the cost of batteries will decrease at the same time as the density of energy stored in batteries increases, which will contribute to the increase of range.