47 billion and 8 battery factories. Canada get your wits together and keep this Canadian. What a disconnect bewteen what the car makers are investing and what the suppliers of the materials are investing. Mining will be the bottleneck. Time for the levels of gov't and Matawa to stop playing around and get together for the sake of all Canada.
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https://www.bloomberg.com/news/articles/2021-07-22/mercedes-vows-to-be-ready-for-car-markets-going-electric-only
Mercedes Accelerates Electric Shift With $47 Billion Push
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July 22, 2021, 3:00 a.m. EDT Updated on July 22, 2021, 8:23 a.m. EDT
Mercedes has begun rolling out its new all-electric EQS sedan. Source: Daimler AG
Daimler AG’s Mercedes-Benz vowed to spend more than 40 billion euros ($47 billion) this decade to electrify its lineup and defend its position as the world’s leading luxury-car maker through a historic industry transformation.
Mercedes plans to launch three new all-electric vehicle platforms in 2025 and set up eight battery factories with partners, the company said in a strategy update Thursday. Mercedes is betting the luxury segment will shift faster toward battery cars than the mass market because of customers’ greater purchasing power.