Mercedes-Benz drops home battery effort over high costs

In November 2016, Daimler formed a new subsidiary called Mercedes-Benz Energy Americas, one that would take on Tesla Powerwall with the maker’s own home battery products. The market had high hopes for Daimler’s efforts, citing the Mercedes brand’s recognition and the maker’s existing global presence to potentially upheave the residential power storage industry. However, things haven’t gone as planned and … Continue reading

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