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<blockquote data-quote="Weather Man" data-source="post: 16645192" data-attributes="member: 137766"><p>No new ICE models from Mercedes after 2025, makes sense since they have abandoned all ICE development.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3717953-mercedes-benz-unveils-plans-to-go-all-electric" target="_blank">Mercedes-Benz unveils plans to go all-electric</a></p><ul> <li data-xf-list-type="ul">Mercedes-Benz says all newly launched architectures will be <a href="https://seekingalpha.com/pr/18404340-mercedes-benz-prepares-to-go-all-electric" target="_blank">electric-only after 2025</a>. By 2022, Mercedes-Benz will have battery electric vehicles in all segments the company serves.</li> <li data-xf-list-type="ul">The automaker's electrification push will include installing battery cell capacity of more than 200 Gigawatt hours with partners and plans for eight Gigafactories - while remaining committed to its margin targets.</li> <li data-xf-list-type="ul">All told, Daimler plans to spend €40B by 2030 on electric vehicles.</li> <li data-xf-list-type="ul">"The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," says Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a>) CEO Ola Källenius.</li> <li data-xf-list-type="ul">"This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz," he adds.</li> <li data-xf-list-type="ul">Shares of Daimler are up 1.05% in Frankfurt trading.</li> <li data-xf-list-type="ul">Daimler's big day was tipped off in <a href="https://seekingalpha.com/news/3716064-seeking-alpha-catalyst-watch" target="_blank">Seeking Alpha's Catalyst Watch.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16645192, member: 137766"] No new ICE models from Mercedes after 2025, makes sense since they have abandoned all ICE development. [URL='https://seekingalpha.com/news/3717953-mercedes-benz-unveils-plans-to-go-all-electric']Mercedes-Benz unveils plans to go all-electric[/URL] [LIST] [*]Mercedes-Benz says all newly launched architectures will be [URL='https://seekingalpha.com/pr/18404340-mercedes-benz-prepares-to-go-all-electric']electric-only after 2025[/URL]. By 2022, Mercedes-Benz will have battery electric vehicles in all segments the company serves. [*]The automaker's electrification push will include installing battery cell capacity of more than 200 Gigawatt hours with partners and plans for eight Gigafactories - while remaining committed to its margin targets. [*]All told, Daimler plans to spend €40B by 2030 on electric vehicles. [*]"The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," says Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL]) CEO Ola Källenius. [*]"This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz," he adds. [*]Shares of Daimler are up 1.05% in Frankfurt trading. [*]Daimler's big day was tipped off in [URL='https://seekingalpha.com/news/3716064-seeking-alpha-catalyst-watch']Seeking Alpha's Catalyst Watch.[/URL] [/LIST] [/QUOTE]
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