Daimler is planning to invest $1 billion into electric car production in its Alabama plant, the company said Thursday in a statement.
Daimler will try to take on Tesla’s Model X by making Daimler the first European company to assemble electric SUV in the U.S. as it is starting to assemble electric sport utility vehicles in its facility in Alabama.
Daimler, the parent company of luxury automaker Mercedes-Benz, announced plans to invest $1 billion to start production of plug-in autos in the U.S.
The Stuttgart-based company will use the sum to expand the 20-year-old Vance facility, in Alabama, where Mercedes already makes SUVs. More »