Working The Mercedes-Benz Group is expanding its range of electric vehicles The battery-powered vehicle is launching an SUV that will take on Tesla’s Model Y, in another step towards the German automaker’s goal of becoming fully electrified by the end of the decade.
The EQE SUV, which was revealed on the eve of the Paris Motor Show, will outperform the cheaper Model Y, with a range of 590km per charge and starting at around 70,000 euros ($ 68,000) when sales begin at the end of this year.
The new car is the fourth model launched by Mercedes through its electric vehicle platform, which also produced the pioneering EQS sedan.
The new SUV features a 55.5-inch display, while the high-performance version (AMG) will reach a top speed of 210 kilometers per hour.
Mercedes plans to offer electric versions of all combustion engine models in its portfolio by the end of the year and plans to offer 3 new platforms, one to support its cars, another for AMG models and a third for pickup trucks by 2025.
By 2030, electric cars will only be sold in markets where they operate in stages.
To help finance this ambitious launch, Mercedes plans to phase out low-margin vehicles in favor of the more profitable G-Wagon SUVs and high-performance models.
strong sales.
Carmakers with shiny new models compete in Paris, with consumer confidence plummeting amid rising inflation and rising interest rates.
And while rival BMW recently warned that orders were starting to slow, last week Mercedes said sales increased 21% during the third quarter.
In an interview with Bloomberg TV, Mercedes CEO Ola Kallenius described the third quarter delivery as “strong” and said that while the economy “may calm down”, “Mercedes” will be ready, according to Al Arabiya. .net. .
“We can’t wait to finish this year on a high note, and then we’ll see what comes next year,” added Kallinhos.