Company will launch two plug-in hybrid later this year.

Mercedes has announced plans to invest more than $7.8 billion into green technologies within the next two years.

The sizable investment will pave the way for an assortment of new plug-in hybrid vehicles and a dedicated architecture for battery-electric vehicles. The first model to be based on the platform will be launched before the end of the decade.

In the short term, Mercedes will introduce the new E 350 e and GLC Coupe 350 e 4MATIC plug-in hybrids later this year. The company was coy on specifics but both models are slated to feature a hybridized powertrain that consists of a 211 horsepower gasoline engine and a 116 hp electric motor. This setup will enable the models to have a combined maximum output of 320 hp. In terms of performance, the GLC Coupe 350 e 4MATIC will be able to accelerate from 0-100 kilometres per hour (0-62 miles per hour) in 5.9 seconds and travel up to 30 km (18.6 miles) on electricity alone.

Mercedes also reconfirmed plans to launch a significantly improved S 500 e in 2017. Based on the facelifted S-Class, the model will feature an upgraded lithium-ion battery and a "further optimized intelligent operating strategy" which will enable the sedan to travel over 50 km (31 miles) on electricity alone. The model will also become one of the first plug-in hybrids to be offered with an inductive / wireless recharging system.

Source: Mercedes-Benz

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