BERLIN -- Mercedes-Benz expects to have factories exclusively producing electric vehicles by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines flexible to match market demand.
BERLIN -- Mercedes-Benz expects to have factories exclusively producing electric vehicles by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines flexible to match market demand.
The once-dominant Japanese carmaker is restructuring to address a slump in global sales and profitability in the face of rising competition from China’s fast-growing electric vehicle sector.