Daimler Truck to assemble Mercedes-Benz electric buses in Brazil

Amid rising demand in the biggest economy in South America, Daimler Truck Holding AG aims to begin producing its first Mercedes-Benz electric bus type in Brazil in November and December, the corporation announced.

By 2024, the business projects that there will be 3,000 electric buses on Brazilian roads, up from little over 1,000 in 2023, stated the company’s Bus Sales and Marketing Director at a press conference.

Mercedes-Benz is anticipated to enter the Brazilian market alongside BYD Co Ltd from China and a few local importers.

source: nasdaq.com