German carmaker reveals plans for a $1.05 BILLION electric vehicle charging network

Mercedes-Benz is developing a worldwide electric vehicle charger to take on Tesla.

The German luxury automaker announced the new project at the Consumer Electronics Show, revealing it is spending $1.05 billion to construct a network in North America before expanding to other parts of the globe.

The first network will include 400 charging stations with more than 2,500 high-power plugs are expected to be completed by 2027. 

While Tesla has at least 40,000 Superchargers globally, these technologies are only compatible with its branded vehicles - all electric car brands can...