.@Daimler says @MercedesBenz passenger cars will go all electric by the end of the decade "where market conditions allow". #ElectricVehicles #BEVs
"To facilitate this shift, Mercedes-Benz is unveiling a comprehensive plan which includes significantly accelerating R&D. In total, investments into battery electric vehicles between 2022 and 2030 will amount to over €40 billion," it says in a statement. #MercedesBenz
In 2025, @Mercedes-Benz will launch three electric-only architectures led by MB.EA. This platform will cover all medium to large size passenger cars, establishing a scalable modular system as the electric backbone for the future EV portfolio.
In addition to an electric platform for vans and light commercial vehicles, it also announces a dedicated performance platform for its @MercedesAMG customers called AMG.EA.
As a result of investment plans and current trends, @MercedesBenz now expects up to 50 percent of its sales will be plug-in hybrids and battery electric vehicles by 2025, up from a previous assumption of 25 percent. #xEVs
.@MercedesBenz says will need a battery cell capacity of more than 200 Gigawatt hours and plans to set up eight #Gigafactories for producing cells together with partners around the world.
.@Daimler says developing the @MercedesBenz #VisionEQXX with a real world range of more than 1,000 km and targeting a single-digit consumption figure for kilowatt hours per 100 km (over 6 miles per Kwh) at normal highway driving speeds. The concept's unveiling is slated for 2022.
Unclear from presentation (for me at least) whether this #VisionEQXX is supposed to go into production, or from what it sounds, the technology developed will simply be rolled out and incorporated in existing models.
Because variable costs of BEV models won't drop to those of ICE models until the end of the decade, @Daimler CFO Wilhelm says cuts in fixed costs and a "radical reduction" in non-BEV investments will have to compensate to protect margins.
.@Daimler CEO Källenius says @MercedesBenz is effectively killing off its independent dealer model, switching market by market to direct sales where entrepreneurs become "agents" and entrepreneurial risks switch to the carmaker - at least wherever this isn't illegal (e.g. USA).
.@Daimler CEO Källenius says certain battery-powered @MercedesBenz cars will use cheaper lithium iron phosphate (#LFP) chemistry often found in China, adding — presumably to take the sting out of it — they would be "next generation LFP 2.0" cells.
.@Daimler's Källenius says investments in charging infrastructure will mainly be back end, with companies like @Shell bearing the cost of the investment in the charging stations (unlike with $TSLA's more vertically integrated approach).
Asked about the variable cost comparison between BEV and ICE vehicles, @Daimler's CFO warns analysts to drill deeper into assumptions behind rivals' claims of margin parity. This is likely due to generous estimates forecasting a steeper rising cost curve for ICEs (regulations).
The eight gigafactories that @MercedesBenz plans will all be situated near its assembly plants, with four to be located in Europe, three (!) in Asia and only one in the U.S., presumably near Tuscaloosa, Alabama.

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More from @christiaanhtznr

21 Jul
BREAKING: @ArgoAI and @Ford say they plan to launch self-driving vehicles (with safety drivers) on the @Lyft network beginning in Miami before the end of 2021. #Robotaxis #SelfDrivingCars #AutonomousVehicles @VWGroup
In a statement, @Ford, its associate @ArgoAI and #ridehailing service provider @Lyft say "the parties are now working to finalize agreements aiming to deploy at least 1,000 autonomous vehicles on the Lyft network, across multiple markets over the next five years."
As part of the deal, @Lyft will join @Ford and @VWGroup as an @ArgoAI shareholder. The #ridehailing service company will receive 2.5% of the common equity as part of the licensing and data access agreements to collaborate on the safe commercialization of #AutonomousVehicles.
Read 7 tweets
15 Mar
.@VWGroup says will team up with partners including @northvolt to construct six EV battery cell #gigafactories in Europe in order to secure access to 240 GWh worth of cells by 2030.
.@VWGroup says @Northvolt Ett plant in Sweden's Skellefteå will be expanded to 40 GWh annual supply as will the JV plant in Salzgitter called "Northvolt Zwei".
.@VWGroup says will introduce "unified cell" starting in 2023 with the goal of lowering costs by as much as 50 percent. The new EV battery cell will be used in up to 80 percent of all group models in 2030.
Read 20 tweets
14 Mar
Poor performance by Merkel's @CDU in both the state of Baden-Württemberg, home of #Daimler and #Porsche, and neighbouring Rheinland-Pfalz.
Greens by comparison can celebrate.
Happily AfD (and the Left) lost support in both states. #ltwbw21 #ltwrlp21 #Wahlen #Landtagswahlen2021
.@CDU General Secretary @PaulZiemiak says there's no getting around the fact that today's showing was a big disappointment. "To be clear this is not a good election result for the CDU, we hoped for more," he says.
#BadenWürttemberg Premier Winfried Kretschmann (Greens) names his three priorities for the coming legislative term following his re-election:
1) tackle the climate crisis
2) manage the structural changes in the economy
3) defend liberal democratic values
Read 8 tweets
27 Jul 20
.@BMWGroup places sustainability at the centre of its strategy moving forward. “I firmly believe the fight against climate change and how we use resources will decide the future of our society – and of the BMW Group," says CEO Oliver Zipse.
For the first time, #BMW is setting CO2 reduction targets per vehicle that extend throughout the entire lifecycle: from the supply chain through production to the end of the use phase. The aim is to achieve at least one third fewer emissions across the entire spectrum by 2030.
.@BMWGroup is basing its goals on the guidelines of the recognised Science-Based Targets Initiative [sciencebasedtargets.org], which it will also join. Among other things, this means that the CO2 emissions from the production of fuels are also included (“well-to-wheel” approach).
Read 10 tweets

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