Daimler Truck to start assembly of Mercedes-Benz electric bus in Brazil

The Mercedes-Benz emblem is found at the 43rd Bangkok Worldwide Motor Present, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

SAO PAULO, July 13 (Reuters) – (This July 13 story was corrected to make clear that firm referred in the story is Daimler Truck Holding AG, which assembles buses underneath the Mercedes-Benz brand name in Brazil)

German company Daimler Truck Holding AG is set to start the assembly of its 1st Mercedes-Benz electric powered bus in Brazil involving November and December as demand grows in Latin America’s biggest financial state, an govt reported on Wednesday.

The company sees need for electrical buses in Brazil achieving 3,000 cars by 2024, its Bus Profits & Advertising and marketing Director Walter Barbosa said in a push conference, from just about 1,000 buses in 2023.

The Mercedes-Benz model is anticipated to sign up for China-centered BYD Co Ltd (002594.SZ) and some area importers in the Brazilian current market.

Most of the automobiles would be operated in Sao Paulo as the city aims to have 2,600 electrical buses by 2024.

Mercedes-Benz’s 84-passenger electric bus is termed EO500U and has a 250-kilometer range, Barbosa said, noting that 100 million reais ($18.62 million) were being invested in the undertaking.

The motor vehicle will be equipped with two engines, with recharge getting concerning 2.5 and 3 hours. Daimler Truck did not reveal how substantially the electrical bus would value, but explained rates are predicted to be 3 to 3.5 times greater than people of a regular diesel-fueled bus.

Thinking of the general bus marketplace in Brazil, the corporation explained total sales are noticed reaching 17,000 to 21,000 units this 12 months, depending on how organizations handle an ongoing car sections scarcity.

In 2021, bus product sales totaled 14,000 in Brazil, just about the very same level as in the 12 months right before, in accordance to automakers association Anfavea.

“Final 12 months was rough, with few consumers in a position and keen to purchase. This year is completely distinctive, buyers want to invest in,” Barbosa stated.

($1 = 5.3717 reais)

Reporting by Alberto Alerigi Jr. Creating by Gabriel Araujo, Modifying by Alexandra Hudson

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