Mercedes-Benz Also Wants to Go Electric

by | 10. Aug 2021 - 11:01 | Technologies

The automotive group plans to invest extensively in electromobility.

The automotive industry is going from strength to strength. Following Opel and Audi, Stuttgart-based manufacturer Mercedes-Benz has now also decided to switch to electric mobility in a press release. Before the end of the decade, the group wants to go fully electric wherever market conditions permit, according to a press release. What this means in detail is not explained. However, Mercedes-Benz is more specific about its planned investments in battery-electric vehicles: more than 40 billion euros are earmarked for this between 2022 and 2030. “Electromobility is gaining momentum – especially in the luxury segment, where Mercedes-Benz is at home,” comments Ola K√§llenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG.

Another component of the new alignment is the announced acquisition of the British electric motor manufacturer Yasa. The Oxford-based company specializes in axial flux motors. With this design, magnetic material can be saved, as Yasa emphasizes. However, permanent magnets made of neodymium and praseodymium will not be completely dispensed with.

Photo: Mercedes-Benz AG

The Magnetics Show USA 2024 advert