[1/2] An electric-powered Mercedes-Benz EQ Silver Arrow conception car is seen at the Auto Zurich Car Show 2022 in Zurich, Switzerland, November 10, 2022. REUTERS/Arnd Wiegmann
BERLIN, March 19 (Reuters) - Mercedes (MBGn.DE) will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions.
The European Union has set a goal to halve CO2 emissions per passenger car over their life cycle by the end of this decade compared to 2020 and is seeking agreement on a 2035 deadline to end the sale of fossil fuel cars.
"We are investing a three-digit million amount per plant for the run up," production manager Joerg Burzer was quoted as saying by the magazine, adding that these investments will be at the plants in Beijing, Rastatt in Germany and Kecskemet in Hungary.
The carmaker will start work on the Rastatt plant over the coming months and will produce the first model of the compact vehicle platform MMA from 2024. The number of models produced there will be cut to four from seven, Burzer said.