Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered vehicles, adding to a growing array of high-end brands targeting Tesla.
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Mercedes-Benz is accelerating its roll-out of battery-powered cars in a race to meet tighter emissions rules as European buyers turn away from fuel-efficient diesel cars. In a €10bn project, the world’s largest
BMW sees no quick way to boost profit from electric cars, with battery capacity and cost set to weigh on the technology for the foreseeable future. “We simply have to walk through the valley of tears” to