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Home / Metal News / Benz Challenges Tesla through Heavy Investment in US

Benz Challenges Tesla through Heavy Investment in US

iconSep 22, 2017 11:40
Source:SMM
In response to expanding Tesla, Benz has announced investment plan to grab market share in EV market as well.

SHANGHAI, Sept. 22 (SMM) – In response to expanding Tesla, Benz has announced investment plan to grab market share in EV market as well.

China to Relax Rules for Foreign Investment in New Energy Vehicle Sector

Benz’s parent company Daimler announced it plans to invest $ 1 billion to produce electric SUV and battery in the US.

Global Car Giants Betting on Chinese Electric Vehicle Market  

Production is expected to begin after 2020.

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