Before the end of the decade, we’re bringing a large electric vehicle to lay the foundation for our future electric strategy with a range of up to 500 km (311 mi). That’s why we are investing 500 million euros in a second battery factory on our battery production site in Kamenz. It is clear that battery technology increasingly allows higher ranges at decreasing costs.”

http://insideevs.com/daimlers-chief-environmental-officers-discusses-electric-cars/