Mercedes-Benz Invests $1 Billion to take on Tesla

  • Mercedes-Benz announced that it will invest $1 billion in Alabama to both expand current its current factory while also building a new 1 million square-foot battery factory for electric cars
  • Mercedes-Benz expects for the new investment to add 600 jobs in the area, with construction expected to begin in 2018
  • This will represent the 5th factory that Mercedes-Benz owns that’s capable of producing batteries for electric cars