FOCUS: Automakers set high hopes for 2021 on electrification drive, recovering demand

By IM Staff
Published: Monday, 25 January 2021

Automakers are putting high hopes on 2021 amid a drive toward electrification and recovering demand.

By Susan Zou, Paul Lim

Mercedes Benz expects the share of hybrid and electric vehicles (EVs) in its sales portfolio to increase by 13% in 2021 after introducing four new Mercedes EQ models this year, including the EQA, EQB, EQE and EQS.

The optimism is largely being supported by developments in...

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