Mercedes-Benz launches second all-electric SUV
Reuters
Published Apr 19, 2022 06:10AM ET
Updated Apr 19, 2022 07:17AM ET
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.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.