Mercedes-Benz makes a $1B bet it can take down Tesla

September 22, 2017

Showing its seriousness about an electric future, Mercedes-Benz plans to invest $1 billion in Alabama to produce electric vehicles.

 

The investment will go both to an expansion of the German luxury brand's existing plant near Tuscaloosa and to build a new 1 million-square-foot battery factory.

 

https://www.usatoday.com/story/money/cars/2017/09/21/mercedes-benz-tuscaloosa-electric-vehicles-batteries/688721001/

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