Focus on electrification and autonomous driving: Mercedes-Benz plans to invest 60 billion euros over the next five years

According to the December 14 newspaper of the reference news network, Daimler's passenger car subsidiary Mercedes-Benz plans to invest more than 60 billion euros in the next five years.

According to the German "Business Daily" website, the car company recently announced that the company's supervisory board has passed the corresponding business plan from 2022 to 2026. Electrification, digitalization and autonomous driving will be the focus of the company.

Mercedes-Benz also highlighted the profitability target that has been in place for more than a year. According to this goal, the company's profit margin on sales in normal periods should reach low to medium digits, and in the case of better market conditions, it should reach double digits.

After separating from Daimler Trucks, Mercedes-Benz will focus on the growth and profitability of the passenger car and van business. Mercedes wants to be a leading producer of electric motors and automotive software. Kang Songlin, Chairman of the Board of Directors of Daimler, said: "Our goal is to achieve technological leadership in luxury cars and luxury vans. At the same time, we also have to achieve challenging profit targets. ”

"As long as market conditions permit", Mercedes-Benz's products will be completely converted from internal combustion engine cars to electric vehicles by 2030. Since 1 December, Daimler Trucks and Mercedes-Benz have become two independently operating companies. (Compilation / Zhong Sirui)