The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition. Ola Kaellenius's comments come as Mercedes-Benz disclosed more details about its newest electric vehicle architecture, the CLA compact electric sedan, which will launch next year and target 30% to 35% more driving range.
FILE PHOTO: The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium
Ola Kaellenius's comments come as Mercedes-Benz disclosed more details about its newest electric vehicle architecture, the CLA compact electric sedan, which will launch next year and target 30% to 35% more driving range. Variable costs weighing on the price tag of EV production include raw materials for batteries, software development, and electricity prices.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mercedes boss: EV costs will remain higher for foreseeable futureMUNICH (Reuters) - The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable ...
Read more »
Every Car on the Road Looks the Same. That Wasn’t Always the CaseA new book details the best, worst and wackiest designs from the likes of BMW, Cadillac, Mercedes-Benz and more.
Read more »
South African Treasury to Seek Spending Cuts, Sunday Times SaysSouth Africa’s National Treasury will propose a freeze on new public service jobs and procurement contracts for all infrastructure projects to check “runaway” government spending, the Sunday Times reported.
Read more »
Sunday Funny: Welcome to my worldThis week, Ron looks at Healthcare from a different point of view
Read more »
Street closures for Pride ParadeA number of roads will be closed Sunday for the Pride Parade
Read more »