Mercedes Unveils Electric SUV In EV Race Against Tesla, VW

Mercedes Unveils Electric SUV In EV Race Against Tesla, VW 

BY TYLER DURDEN THURSDAY, JAN 21, 2021 - 5:45

Daimler AG's Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen. 

Mercedes-Benz's first fully-electric SUV will be available in the coming months. EQA's retail price will be set around 47,541 euros ($57,734) and have a range of approximately 486 kilometers (302 miles). 

Bloomberg notes unlike Tesla Inc.'s Model 3 or Volkswagen AG's ID.3, Mercedes-Benz outfitted an existing combustion-engine vehicle with electric motors instead of developing one from scratch. 

"The German manufacturer modified the underpinnings of its GLA crossover to reduce upfront investment and save time compared to building an all-electric vehicle from scratch. It's a trade-off that often comes at the expense of driving distance and production-cost efficiencies," Bloomberg said. 

Bloomberg Intelligence analyst Michael Dean said Mercedes's lower-priced electric cars would drag on profitability "until the company develops EV-specific underpinnings and battery prices drop further." 

The price of a lithium-ion battery pack is expected to drop in the next couple of years, allowing automakers to manufacture mass-market electric vehicles for the same cost as those running on petrol. 

The cost right now stands around $137 per kilowatt-hour. As soon as $100 per kilowatt-hour is reached in the next couple of years, it would allow major automakers, such as Mercedes-Benz to generate profit from the sale of the vehicle. 

Daimler Chief Executive Officer Ola Kallenius expects the electric shift will eventually make it to larger vehicles such as S-Class and GLS SUV. 

"For the first time, we are offering our customers an all-electric Mercedes in the compact segment with an extensive range that ensures its viability in everyday use," Mercedes sales chief Britta Seeger said in a statement. "The new EQA is an important vehicle along our path toward the electrification of all our vehicle segments."

Mercedes-Benz will enter the mass-market electric vehicle space in 2024 or 2025, suggesting that Tesla's European dominance is running out of time.  

https://www.zerohedge.com/technology/mercedes-unveils-electric-suv-ev-race-against-tesla-vw

Comments

Post a Comment

Popular posts from this blog

BMW traps alleged thief by remotely locking him in car

BMW traps alleged thief by remotely locking him in car Stealer's Wheel? Seattle police department quotes "Watchmen" movie in a recap of the recent arrest. Tech Culture by Gael Fashingbauer Cooper December 4, 2016 5:00 PM PST It's maybe the most satisfying arrest we can imagine. Seattle police caught an alleged car thief by enlisting the help of car maker BMW to both track and then remotely lock the luckless criminal in the very car he was trying to steal. Jonah Spangenthal-Lee, deputy director of communications for the Seattle Police Department, posted a witty summary of the event on the SPD's blog on Wednesday. Turns out if you're inside a stolen car, it's perhaps not the best time to take a nap. "A car thief awoke from a sound slumber Sunday morning (Nov. 27) to find he had been remotely locked inside a stolen BMW, just as Seattle police officers were bearing down on him," Spangenthal-Lee wrote. The suspect found a ke...
Read more

Report: World’s 1st remote brain surgery via 5G network performed in China

World’s 1st remote brain surgery via 5G network performed in China Published time: 17 Mar, 2019 13:12 ·           A Chinese surgeon has performed the world’s first remote brain surgery using 5G technology, with the patient 3,000km away from the operating doctor. Dr. Ling Zhipei remotely implanted a neurostimulator into his patient’s brain on Saturday, Chinese state-run media  reports . The surgeon manipulated the instruments in the Beijing-based PLAGH hospital from a clinic subsidiary on the southern Hainan island, located 3,000km away. The surgery is said to have lasted three hours and ended successfully. The patient, suffering from Parkinson’s disease, is said to be feeling well after the pioneering operation. The doctor used a computer connected to the next-generation 5G network developed by Chinese tech giant Huawei. The new device enabled a near real-time connection, according to Dr. Ling.  “You barely feel that th...
Read more

New ATM's: withdraw money with veins in your finger

New cash machines: withdraw money with veins in your finger Cash machine technology that reads the pattern of finger veins is already available in Japan and Poland   By Telegraph Reporters 6:59PM BST 15 May 2014 Cash machines could soon be installed with devices that identify customers by reading the veins in their fingers. The technology is already being rolled out in Poland, where 1,730 cash machines will this year be installed with readers, negating the need for a debit card and Pin. Developed by Hitachi, the Japanese electronics firm, the machines read the patterns of the veins just below the surface of the skin on your finger using infra-red sensors. The light is partially absorbed by haemoglobin in the veins to capture a unique finger vein pattern profile, which is matched to a profile. The technology is used by Japanese banks and also in Turkey, offering “groundbreaking levels of accuracy and speed of authentication”, Hitachi said, which in t...
Read more