Mercedes is to open its sixth battery factory in 2018, which makes it a tough competitor to Tesla, Inc. The six factories will be established across 3 continents. The brand has also planned to launch its electric EQ brand with the EQC SUV being set for production in the year 2019. In September 2018, Mercedes unveiled the EQC, its first fully electric car, at an event in Stockholm.
2022 will be the year in which Daimler has said that the company will have invested $11 billion to ensure that every Mercedes-Benz has a fully electric or hybrid version available on the market.
In January 2021, Mercedes-Benz revealed its new electric SUV, the EQA, which will have a range of 426 kilometres and will be on sale in Europe starting February 4th.