Daimler plans to invest $1bn to make electric vehicles in US
German automaker Daimler, the parent company of Mercedes-Benz, has announced plans to invest $1 billion in producing electric vehicles in the US. It will reportedly expand its Alabama plant by 1 million square feet and focus on producing electrified versions of its SUVs that are built there. Daimler also plans to build batteries in another new addition to the facility.