Mercedes-Benz to build eight battery factories in push to become electric-only automaker by 2030

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Mercedes-Benz laid out Thursday a 40 billion-euro ($47B) plan to become an electric-only automaker by the end of the decade, a target that will push the company to become more vertically integrated, train its workforce and secure the batteries needed to power its products. The company has already taken action, announcing Thursday it acquired UK-based electric motor company YASA and…
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