Mercedes-Benz is getting ready to go all electric by the end of the decade. By 2022, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves.
From 2025 onwards, the company says all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes.
The EV architectures will cover all medium to large size passenger cars, performance vehicles, and purpose made electric vans and Light Commercial Vehicles.
In total, the brand’s investments into battery electric vehicles, between 2022 and 2030, will amount to over €40 billion.
The company also says it has plans for eight battery Gigafactories and it intends to team up with new European partners to develop and efficiently produce future cells and modules. When it comes to solid-state technology, it’s in talks with partners to develop batteries with even higher energy density and safety.
Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG. says: “The EV shift is picking up speed – especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade,”. This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz. Thanks to our highly qualified and motivated workforce, I am convinced that we will be successful in this exciting new era.”
He adds: “Our main duty in this transformation is to convince customers to make the switch with compelling products. For Mercedes-Benz, the trailblazing EQS flagship is only the beginning of this new era.”
Mercedes-Benz is currently developing the Vision EQXX, an electric car with a real world range of more than 1,000 kilometres, targeting a single-digit figure for Kwh per 100 kilometres (over 6 miles per Kwh) at normal highway driving speeds. The world premiere will be in 2022.
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Mercedes-Benz also announced the acquisition of YASA, a UK developer of next-generation electric drive technology. Under the terms of the acquisition, YASA will operate as a wholly owned subsidiary of Mercedes-Benz, developing ultra high-performance e-motors, while retaining its own brand, team, facilities and continuing to supply existing automotive supercar customers.
YASA will provide electric motors for Mercedes-Benz’s AMG.EA electric-only platform, while also acting as an innovation partner pioneering new electric drive technology for the Group.
Chris Harris, CEO, YASA, comments: “Working with Mercedes-Benz since 2019, it was always clear that we shared the same commitment to engineering excellence, innovation and reshaping mobility for the electric age. This acquisition is tremendously exciting because it gives YASA technology the global scale and reach of Mercedes-Benz. Together, we have the opportunity to make YASA the premier mark of excellence in electric motor technology, accelerating the adoption of electric vehicles and resetting the bar for electric driving experiences.”
Following the acquisition, YASA and its 250 employees will continue to operate from its headquarters and production facility in Oxford, UK.