Daimler AG’s top executives believe hydrogen fuel cells hold the key to developing a broader range of electric vehicles in the future.
Dieter Zetsche, Daimler AG’s top executive and head of the Mercedes-Benz Car Group, told shareholders at the company’s annual meeting in Berlin the German automaker is committed to electric vehicle technology. China, the world’s single largest car market, now has plans for putting millions of EVs on the road by the end of the decade.
“With our Chinese partner BYD, we have developed an electric vehicle in China for China,” he said. The Denza, which was developed with BYD, will debut at the Beijing Auto Show later this month, he added. “China plans to have five million electric vehicles on the road by 2020 and we’re ready to help,” Zetsche added.