Daimler to Invest $1 Billion in Alabama Factory and New Battery Plant
Daimler announced a $1 billion investment to upgrade its Tuscaloosa, Alabama factory, which will now also produce a new sports utility vehicle, the GLE. This investment supports Daimler’s strategy to expand its electric vehicle lineup, including the upcoming EQ series, and establish a new battery plant. The company plans to build eight battery plants globally, enhancing its competitive stance against Tesla. Existing battery facilities are in Kamenz, Beijing, and Bangkok, with Sindelfingen set as the center for large autonomous and electric vehicles
