Published: Fri, September 07, 2018
Money | By Armando Alvarado

Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving auto

Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving auto

Dieter Zetsche, CEO of Mercedes-Benz said, "With the EQC - the first fully-electric SUV from Mercedes-Benz - we are flipping the switch." .

Here are a few facts about the latest luxury EV from Mercedes-Benz that goes on sale in the U.S.in 2020. At the same time, the EQC "is a pioneer for an avant-garde electric look while representing the design idiom of Progressive Luxury".

The range figures are also provisional. "Our colleagues in Stuttgart have advised us that the preliminary estimated range figure for the EQC of 200 miles for the USA market is incorrect, " said Michael Minielly, Mercedes-Benz product and technology public relations manager. "We don't comment on the profitability of individual cars or segments, but needless to say, we're going to have to make the growth into EVs part of our profitable growth strategy", he said, noting that cost structures are higher than previously experienced with internal combustion-engined cars. "It is starting right now". Their new models are coming to the market as Tesla faces questions about its ability to generate cash and expand production.

The first Mercedes-Benz to be launched under the EQ brand, the new model features two asynchronous electric motors - one at the front and one at the rear (effectively making it all-wheel drive) - with a combined output of 300 kW and 765 N.m. Mercedes-Benz has the first-mover advantage in this regard, but the EQC will soon be met with some heavy competition. Daimler will build the vehicle in China for the local market.

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And Irish people will be able to buy an EQC next year - with the vehicle scheduled here in September 2019.

Fielding questions about whether the company could launch more variants as the electric market explodes, Zetsche said that the planned 10 electric variants would already allow Daimler to cater to 60 percent of its relevant electric cars market. Hence to underscore the shift and meet the stringent emission standards, Mercedes has made plans to invest 1 billion euros on battery production for fueling its EV models, further creating a network of eight production facilities globally.

The company had meant to invest €10 billion ($11.5 billion) on the line, but the spending has since increased, Daimler AG Chief Executive Officer Dieter Zetsche said today in Stockholm.

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