Mercedes-Benz - Long Range BEV

Mercedes-Benz - Long Range BEV

Daimler Chief Executive Officer Dieter Zetsche says that Mercedes-Benz will accelerate its electric car plans. He made this announcement during a conference call with analysts a couple of weeks ago. Quoting Zetsche:

"We are adjusting our planning in this field."

"It is very important to get the right timing. As a tendency, and as a trend, we have become more bullish in that regard."

No specific details were released, but Zetsche did say that Mercedes-Benz will make some official announcements in regard to its electric car plans at the upcoming Paris Motor Show this October, including a 500 km/311 mile new EV/utility vehicle offering.

Reuters adds the following:

"Daimler reiterated it will increase spending in research and development, which it expects to be "significantly above" last year's 6.6 billion euros, which was already a step up from 5.7 billion invested in 2014."

Much of that additional spending will be in electric car-related fields.

The upcoming SUV in Paris is one of several long-range BEVs planned by M-B.

Source: Reuters