Mercedes-Benz plans to invest billions in modernizing EV plants

Corporate developments

The investments will be made in plants in Beijing; Rastatt, Germany; and Kecskemet, Hungary

Mercedes-Benz plans to invest billions of dollars to modernize its plants in China, Germany, and Hungary over the coming years, the magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles (EVs) and cut emissions, according to Reuters on March 19.

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