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Daimler plans new Gigafactories without Farasis

Daimler’s entry into the electromobility market has been troublesome. In addition to a few hybrid models, the luxury-class manufacturer has so far only offered battery-powered versions of small-series vehicles and its Smart model. The Chinese competition is more than a decade ahead. Under pressure by Chinese authorities, Daimler jointly founded the Denza brand with domestic supplier BYD in 2012, but sales were never particularly high.

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