Officials said their companies are charging ahead with a flurry of new electric vehicle models, citing rising regulatory requirements globally.
Mercedes-Benz Mining News
NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.
Rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.
Daimler said it will start building a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama.
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered models.