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Mercedes-Benz to offer electric option for every car by 2022

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A Mercedes-Benz sign is seen reflected on a building in Warsaw, Poland July 6, 2017. REUTERS/Laszlo Balogh

Daimler’s (DAIGn.DE) Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric.

FRANKFURT (Reuters) – Daimler&rsquo-s (DAIGn.DE) Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric.

Speaking at the company&rsquo-s investor day in Sindelfingen, Germany, Daimler (DAIGn.DE) said it will offer at least 50 electrified versions of Mercedes-Benz passenger cars in a hybrid and fully electric car variants.

Because electric cars have a lower margin than electric cars, Daimler has set itself a more ambitious savings target. The company&rsquo-s Fit for Leadership 4.0 plan targets savings of 4 billion euros ($4.8 billion), Daimler said.

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