Mercedes-Benz Vans Plans To Build EV Plant In Poland: Report

  • Mercedes-Benz Group ADR MBGYY said its vans division is planning more than a €1 billion investment to build its first electric vans plant in Jawor, Poland.
  • Mercedes-Benz, Reuters reported, has signed a declaration of intent with the Polish government in this regard.
  • The Jawor factory already produces combustion engines and batteries for Mercedes-Benz Cars.
  • Also ReadMercedes-Benz Doubles Production Capacity At Untertürkheim Plant
  • The facility will be the automaker’s fourth in its European van production network.
  • The report also noted that Jowar’s expansion through a joint venture with Rivian Automotive Inc RIVN is no longer on the cards.
  • Also ReadMercedes-Benz Inks Lithium Supply Agreement With Rock Tech Lithium
  • Price Action: MBGYY shares closed higher by 1.86% at $16.95 on Friday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMediaGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!