Stock Market News

Mercedes-Benz launches second all-electric SUV

2022.04.19 13:36

Mercedes-Benz launches second all-electric SUV
FILE PHOTO: The steering wheel and one of the digital dashboards of the all-electric Mercedes-Benz EQS SUV is seen at the opening of a Mercedes-Benz electric vehicle Battery Factory, marking one of only seven locations producing batteries for their fully

BERLIN (Reuters) – Mercedes-Benz unveiled its EQS sport utility vehicle (SUV) on Tuesday, a 660 km (410-mile) range car that will be made in America and go on sale by autumn.

Production of the EQS, the premium carmaker’s second electric SUV after its EQC, will begin at its plant in Tuscaloosa, Alabama this year.

The United States and Canada are expected to be the main markets for the new vehicle, according to sales chief Britta Seeger, though it will also be launched in Europe before the end of the year.

Mercedes-Benz has not disclosed how much the new SUV will be sold for, though its existing EQS electric sedan starts at around $103,000 in the United States.

Three-quarters of new car sales in the U.S. market last year were trucks and SUVs, posing a challenge for carmakers seeking to reduce their carbon footprint while needing to satisfy customer demand for large vehicles.

In a bid to localise its production chain, Mercedes-Benz opened its first U.S. electric vehicle battery factory in Tuscaloosa in March.

The company sold 21,900 fully-electric vehicles worldwide in the first quarter of 2022, three times more than in the same period last year, even as overall deliveries across all vehicles fell 15%.

Just 2.3% of Mercedes-Benz’ car sales last year were battery-electric vehicles, rising to 11% including plug-in hybrids, which have both an engine and a battery.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,333.33 0.92%
ethereum
Ethereum (ETH) $ 1,909.32 0.88%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.34 1.59%
bnb
BNB (BNB) $ 615.40 0.16%
solana
Solana (SOL) $ 128.27 5.05%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.714638 3.21%
dogecoin
Dogecoin (DOGE) $ 0.171935 1.32%
tron
TRON (TRX) $ 0.21253 3.22%
staked-ether
Lido Staked Ether (STETH) $ 1,907.72 0.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,203.29 0.82%
pi-network
Pi Network (PI) $ 1.39 9.38%
leo-token
LEO Token (LEO) $ 9.81 0.66%
the-open-network
Toncoin (TON) $ 3.54 1.38%
chainlink
Chainlink (LINK) $ 13.69 1.57%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.270533 1.52%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,284.62 0.87%
hedera-hashgraph
Hedera (HBAR) $ 0.192078 0.99%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 5.65%
avalanche-2
Avalanche (AVAX) $ 18.67 2.56%
sui
Sui (SUI) $ 2.29 1.77%
litecoin
Litecoin (LTC) $ 93.47 1.69%
polkadot
Polkadot (DOT) $ 4.42 2.34%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.76 0.01%
mantra-dao
MANTRA (OM) $ 6.82 3.05%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
weth
WETH (WETH) $ 1,909.07 0.95%
bitget-token
Bitget Token (BGB) $ 4.42 0.75%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.02%
hyperliquid
Hyperliquid (HYPE) $ 13.34 5.03%
whitebit
WhiteBIT Coin (WBT) $ 28.36 1.61%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,026.39 0.90%
monero
Monero (XMR) $ 211.23 0.10%
uniswap
Uniswap (UNI) $ 6.23 0.38%
susds
sUSDS (SUSDS) $ 1.04 0.03%
aptos
Aptos (APT) $ 5.34 0.19%
dai
Dai (DAI) $ 0.999982 0.02%
near
NEAR Protocol (NEAR) $ 2.56 2.31%
okb
OKB (OKB) $ 48.02 3.48%
pepe
Pepe (PEPE) $ 0.000007 5.39%
mantle
Mantle (MNT) $ 0.827898 5.32%
internet-computer
Internet Computer (ICP) $ 5.72 0.98%
ethereum-classic
Ethereum Classic (ETC) $ 17.82 0.12%
gatechain-token
Gate (GT) $ 21.46 0.73%
ondo-finance
Ondo (ONDO) $ 0.83331 3.55%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,315.32 0.92%
aave
Aave (AAVE) $ 168.47 1.40%
tokenize-xchange
Tokenize Xchange (TKX) $ 29.93 1.70%