UK government invests £10m in next-gen Mercedes-AMG EV motors

Summary: The UK government has invested £10 million into a new Mercedes-AMG project aimed at developing next-generation high-performance electric motors. Led by Mercedes-AMG High Performance Powertrains in Brixworth, the project will collaborate with Yasa, acquired by Mercedes-Benz in 2021, and Stoke-based manufacturer DePe. The total funding for the Ignited project amounts to £20 million, incorporating contributions from both the UK and German governments.

Brands mentioned: Mercedes-AMG, Yasa, Mercedes-Benz, DePe