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Mercedes-Benz speeds up the launch timeline for 10 new electric vehicles

Mercedes-Benz speeds up the launch timeline for 10 new electric vehicles
From TechCrunch - March 29, 2017

Mercedes-Benz had already committed to launch 10 new electric vehicle models within the next decade, but now its looking to launch them by 2022, which is at least three years earlier than it had previously discussed. Mercedes sees the shift to electric as a more urgent one than it anticipated, and wants to lead, rather than follow as the industry makes this shift.

Bloomberg reports that Daimler-owned Mercedes-Benz will put over $10 billion into its effort to bring the new vehicles to market, and that the transition will require fundamental changes at the automaker according to Daimler Chairman Manfred Bischoff, who discussed the revised timeline at a company shareholder meeting in Berlin on Wednesday.

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