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Daimler hits the gas on electric and autonomous driving tech

ICE Graveyard 21/07/2016 Darrell Etherington

Mercedes-Benz parent company Daimler intends to up its spending on research and development, the company revealed during its quarterly earnings call on Thursday. The high-end car maker is going to route a lot more money towards areas key to the future of driving, including autonomous driving tech, a brand new generation of batteries for electric vehicles and alternative drive systems.

Daimler’s CEO Dieter Zetsche said that the company is “adjusting” their plan in the electric car field, a change in strange that reflects increased investment from Audi, as well as Tesla’s quick rise to becoming kind of high-end electric brand cachet. While Zetsche didn’t put a number on spending into either electric, or into R&D efforts in general, he did say that spending on R&D for 2016 would be “significantly” higher than 2015’s roughly $7.3 billion spent.

Already, Daimler’s Mercedes unit is making impressive strides: The company revealed a milestone 12-mile unassisted trip for its autonomous buses, navigating city streets and freeway on a route from an Amsterdam airport to a neighboring town.

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