Daimler, 10 billion euros for 10 electric models by 2025

by bold-lichterman

  • Among the ten models that the German manufacturer wishes to develop, three of them will be from the Smart brand.
  • On the occasion of the Mondial de l’Automobile, which was held in Paris in early October, Mercedes unveiled a new concept car, the first model of its electric EQ range.
  • In 2015, Daimler recorded sales of 149.5 billion euros, up 15% year on year, for a net profit of 8.9 billion euros.

Engaged in the race for the autonomous car, Daimler is also positioning itself in the electric car market. The German car manufacturer, which notably owns Mercedes-Benz, plans to invest up to 10 billion euros in the development of electric vehicles. “By 2025, we want to develop 10 electric cars from a single structure», Explained Thomas Weber, head of research and development activities at Daimler, in German newspaper columns Stuttgarter Zeitung.

Among the ten models that the German manufacturer wishes to develop, three of them will be from the Smart brand. The Daimler subsidiary, which specializes in the production of two-seater micro-cars, plans to improve the battery capacities of its vehicles by increasing their range to 700 kilometers. In 2015, Daimler recorded sales of 149.5 billion euros, up 15% year on year, for a net profit of 8.9 billion euros.

Daimler facing the American Tesla and its 500,000 vehicles per year from 2018

On the occasion of the Mondial de l’Automobile, which was held in Paris in early October, Mercedes unveiled a new concept car, the first model of its electric EQ range. During its Porte de Versailles presentation, the German firm specified that this model will be equipped with two electric motors (one at the front and the other at the rear) which will be able to propel the car from 0 to 100 km / h in five seconds. As for the battery, it will have a range of 500 kilometers, as well as an additional recharge of 100 kilometers, recoverable after five minutes of charging. However, this model is not expected to be marketed before 2019.

In the electric car market, Daimler has to face the American Tesla. The firm of Elon Musk has set itself the goal of producing 500,000 vehicles each year from 2018, all models combined. In this context, the American manufacturer will rely on its “Gigafactory”, with Panasonic, in Nevada, to manufacture the electric batteries on board cars. More recently, China’s Singulato Motors raised $ 600 million to produce 200,000 electric vehicles per year by 2020.

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