Mercedes-Benz invests $1.97bn in China to expand local electric vehicle production by 2025.

Mercedes-Benz will invest $1.97 billion in China to expand its local electric vehicle offerings, including a long-wheelbase electric CLA, GLE SUV, and a luxury electric van. Production is set to begin in 2025 at the Beijing Benz plant. This investment brings the total to over 100 billion yuan since 2014, reflecting the company’s belief in China's market potential and its commitment to transforming the automotive sector amidst global shifts toward new-energy vehicles.

September 04, 2024
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