Mercedes-Benz will electrify its entire car lineup by 2022

Patrice Gainsbourg
Setembro 12, 2017

The urban dweller that needs to get around but doesn't want the hassle of car ownership and the hard-core enthusiast with a huge pile of cash that's looking to go fast and turn heads while still being on the bleeding edge of automotive technology.

Several other brokerages also recently commented on DAI.

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Executives aim to find some 4.0 billion euros ($4.8 billion) of savings to maintain the 10-percent margin Daimler achieved in 2016 and 2017 - despite lower profitability from electric cars. Bernstein set a €85.00 ($101.19) target price on Daimler AG and gave the stock a buy rating in a report on Monday, June 19th. DZ Bank AG restated a "neutral" rating on shares of Daimler AG in a research note on Tuesday, August 29th. Morgan Stanley set a €68.00 ($80.95) target price on Daimler AG and gave the stock a neutral rating in a report on Wednesday, June 14th. The stock currently has a consensus rating of "Hold" and an average target price of €72.50 ($86.31).

Following China's announcement of phasing out fossil fuel vehicles, Mercedes-Benz is following suit by announcing that they are electrifying their entire lineup by 2022. The firm has a 50 day moving average price of €61.20 and a 200 day moving average price of €65.74. It is expected that more and more car makers will now choose this path of producing e-cars, especially after China, the most important car market in the world right now, announcing its plans to eventually ban the sale of traditional fossil fuel vehicles entirely. It operates through Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services segments.

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