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Mercedes’ billion euro pledge on batteries

Mon, 09/10/2018 - 13:54 -- Hugh Finzel
Dieter Zetsche

Mercedes-Benz has announced investments of more than €1 billion (US$1.1bn) in “global battery production” in concert with the launch of its first fully-electric vehicle— the ‘EQC’.

The auto firm’s chief Dieter Zetsche gave the batteries pledge as the company said it would also invest more than €10bn in the expansion of its EQ model portfolio.

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