Daimler will begin manufacturing electric vehicles in the United States with a $1 billion overhaul of its Mercedes-Benz
Mercedes-Benz factory in Alabama
The German carmaker will build a facility near the factory for a full-
Electric sports utility vehicles expected to be put into production in the early next decade.
The investment is part of Daimler's plan to spend $11 billion to expand its ability to make electric vehicles around the world.
At the end of last year, the company said it wanted to provide 50 fully electric or partial electric vehicles for all its vehicle portfolios by 2022.