Mercedes-Benz CEO sees soaring demand, teases electrified AMG platform
Reuters
Published May 09, 2022 09:05AM ET
Updated May 09, 2022 09:36AM ET
FRANKFURT (Reuters) -Mercedes-Benz is virtually sold out of electric cars as tight supply chains make it tough for the luxury carmaker to keep up with rising demand, its chief executive said on Monday.
Asked about comments by rivals, including Volkswagen (ETR:VOWG_p), that demand for electric vehicles was outstripping supply, Ola Kaellenius told the FT Future of the Car 2022 conference: "That's largely true for us as well."
Kaellenius said the customer response to the company's EQ family of electrified luxury vehicles had been "so tremendous that we're doing everything we can to get the cars to the customers as fast as we can".
Kaellenius also teased details of a fully-electrified platform for its high performance AMG brand, which he said would be unveiled at a strategy update the company has scheduled for May 19.
"We're now in full development of a fully-dedicated electric architecture for AMG, from the ground up," he said, adding the platform would hit the market "sometime towards end of 2025".
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.