Mercedes to begin producing electric vehicles

Mercedes will begin producing its EQC electric car in 1H2019, according to Bloomberg. The company invested north of EUR 10 bn (USD 12 bn) to come up with the vehicle, which is set to be first in Mercedes’ new electric-powered EQ Series. Porsche, Audi, and Jaguar all plan to roll out electric SUVs and crossovers to rival Tesla’s as the luxury car makers believe that “there’s no alternative to [moving toward] electric cars.”