Mercedes-Benz Doubles Production Capacity At Untertürkheim Plant

Mercedes-Benz Doubles Production Capacity At Untertürkheim Plant
  • Mercedes Benz Group ADR MBGYY is planning to double its electric drive units production capacity.
  • The new works agreement calls for doubling the production capacity of electric drive units for Mercedes-EQ vehicles from 2024.
  • In the target scenario, 1 million electric drive units can be produced, for example for vehicles on the MMA (Mercedes Modular Architecture) platform.
  • The company plans to begin construction of the new assembly lines on the site of the Untertürkheim plant, as well as the Bad Cannstatt plant, next year.
  • Also Read: Mercedes-Benz Plans To Quit Russian Market, Divest Shares To Local Investor
  • The Mercedes-Benz Untertürkheim plant is the largest location in the global Mercedes-Benz powertrain production network.
  • With its approximately 16,000 employees, the plant currently produces engines, batteries, axles, transmissions and components.
  • "With production volumes for our new Mercedes-EQ models, we are making our traditional location in the Neckar Valley fit for the future and continuing its success story," said Jörg Burzer, Member of the Board of Management of Mercedes-Benz Group AG, responsible for Production and Supply Chain Management.
  • Also Read: Mercedes-Benz Inks Lithium Supply Agreement With Rock Tech Lithium
  • Price Action: MBGYY shares closed lower by 0.71% at $16.78 on Monday.
  • Photo Via Company
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