Daim­ler plans at least six elec­tric car mod­els

The Financial Express - - PANORAMA -

Frank­furt, Sept 3: Ger­man car­maker Daim­ler plans to roll out at least six, and pos­si­bly as many as nine, elec­tric car mod­els as part of its push to com­pete with Tesla and Volk­swa­gen’s Audi, a per­son fa­mil­iar with Daim­ler’s plans told Reuters. The maker of Mercedes-Benz cars re­mains on track to un­veil a new elec­tric car at the Paris mo­tor show next month. In July, the Ger­man car maker said it had ac­cel­er­ated devel­op­ment of pre­mium elec­tric cars, a seg­ment cur­rent­ly­dom­i­nated by United States-based ri­val Tesla.

Ger­man trade mag­a­zine Auto mo­bil­woc he ear­lier cited com­pany sources as say­ing Daim­ler would bring to mar­ket more than six elec­tric car mod­els be­tween 2018 and 2024.

Ger­man firms are in­vest­ing heav­ily in elec­tric cars, a seg­ment once ne­glected by the in­dus­try as cus­tomers shunned their lim­ited op­er­at­ing range and high cost.

But a grow­ing po­lit­i­cal back­lash against diesel fumes and re­cent ad­vances in bat­tery tech­nol­ogy to in­crease the reach of an elec­tric car by up to 50% have spurred ma­jor in­vest­ments by Volk­swa­gen, Daim­ler and sup­pli­ers such as Bosch and Con­ti­nen­tal.

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