Mercedes slows battery plant plans amid lower EV demand

Mercedes-Benz Electric Vehicle Campus — Fuel cells on the production line at the opening of the Mercedes-Benz eCampus battery research center in Stuttgart, Germany. (BLOOMBERG)

R

By:

Reuters

July 09, 2024 07:38 AM

STUTTGART -- Mercedes-Benz will wait to see if electric vehicle demand picks up before adding more battery cell capacity, with lower projected EV sales meaning it will no longer need the capacity initially planned for 2030, said Markus Schafer, the group's chief technology officer.

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