Mercedes-Benz Group AG (OTCPK:MBGAF) was one of the automakers that created the most buzz last week at the CES event in Las Vegas.
The German automaker unveiled plans to spend $1.05B on building a global EV charging network with about 10K high-power EV chargers to try to set it ahead of peers. A total of more than 400 hubs containing a total of 2,500 high-power chargers are expected to be set up across North America upon completion.
Mercedes-Benz (OTCPK:MBGAF) also showed off its EQXX concept and revealed that the EV model is expected to travel up to 620 miles on a full charge. Execs said the EQXX could be the most efficient Mercedes model to date.
On the autonomous driving front, Mercedes-Benz (OTCPK:MBGAF) announced that it would soon offer an advanced autonomous driving system in select states. Of note, the Nevada DMV approved the automaker's application to deploy Level 3 autonomous driving and is expected to issue a certificate of compliance within weeks.
Other items of interest that came out at CES included that Mercedes-Benz (OTCPK:MBGAF) is one of the first car companies in the world to get immersive Dolby Atmos surround sound tech and is one of the automakers to partner with Nvidia on chip technology.
Read why Seeking Alpha author Manuel Paul Dipold is bullish on Mercedes-Benz for 2023.