27 Nov '16, 3am

Daimler ups-the-ante to €10 billion for electric vehicle R&D https://t.co/dXOPbjaJBT

Daimler ups-the-ante to €10 billion for electric vehicle R&D https://t.co/dXOPbjaJBT

Daimler is planning to invest up to €10 billion ($11 billion) in electric vehicles research and development, up from €7 billion announced only 6 months ago. "By 2025 we want to develop 10 electric cars based on the same architecture," Thomas Weber told Stuttgarter Zeitung's Saturday edition. "For this push we want to invest up to 10 billion euros," he said, adding three of the models will be Smart branded cars and that thanks to larger batteries they will be able to increase their cruising range up to 700 kilometers. In September, a person familiar with Daimler's plans said that the car maker plans to roll out at least six electric car models as part of its push to compete with Tesla and Audi. Separately, Daimler said on Friday that it will continue to sell diesel-powered vehicles in the United States, in contrast to German rival Volkswagen. "There is currently no decision...

Full article: http://www.electric-vehiclenews.com/2016/11/daimler-ups-a...

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