Mercedes-Benz is continuing its EQ push by announcing an investment of around 500 million euros (around RM2.34 billion) in its Hambach plant in France. The facility, which currently makes electrified smart vehicles, will produce a compact EQ model once all preparations are complete. The vehicle in question is likely the production version of the Concept EQA shown in Frankfurt last year.
“Twenty years ago, we started an exemplary German-Franco project with the production of the smart in Hambach. Now we take the next step and for the first time in our more than 100-year old history we bring the production of Mercedes-Benz to France. With the compact EQ model from Hambach we continue our electric initiative,” said Dieter Zetsche, chairman of the board of management of Daimler AG and head of Mercedes-Benz Cars.
“The Hambach site in France features many years of experience in building fully electric cars. We want to take advantage of the enormous expertise and prepare the plant for the production of an electric Mercedes-Benz,” added Annette Winkler, head of smart.
“We are investing a total of around 500 million euros in the Hambach plant and in the product. It is now paying off for our employees that they already contributed to a significant improvement in the competitiveness of the Hambach site two years ago with the ‘Pacte 2020’,” she added.
By 2022, Mercedes-Benz plans to electrify its entire portfolio of vehicles, which includes ten fully electric passenger cars across all segments – from the smart to a large SUV. Development of plug-in hybrids and the introduction of 48-volt systems will also continue in the meantime.
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500 million euros is nothing compared to MY income