Mercedes-Benz is going to spend billions of dollars on the production of electric vehicles. The company is going to invest billions of dollars to modernize its plants in China, Germany and Hungary.
It is said that the company will invest heavily to build electric cars and reduce carbon emissions. Mercedes has said that it will be ready to go to electric vehicles by the end of this decade.
The company is also planning to expand its US plant in Tuscaloosa, from which the company will be able to take advantage of the subsidy.
The European Union has set a goal of halving carbon emissions this decade compared to 2020.
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