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Mercedes-Benz invests ~$600 million to produce new ‘compact electric car’ at factory in France

Mercedes-Benz announced today a new €500 million (~$589 million USD) investment into its Hambach plant in France in order to produce a new ‘compact electric car’ at the factory.

The plant currently manufactures smart cars for Daimler, which are going all-electric, but the new investment is for a new Mercedes-Benz compact EV. Expand