{"id":56677,"date":"2023-09-04T05:37:23","date_gmt":"2023-09-04T09:37:23","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/tesla-beware-mercedes-benzs-new-ev-beats-the-market-leader-in-one-key-area\/"},"modified":"2023-09-04T05:37:26","modified_gmt":"2023-09-04T09:37:26","slug":"tesla-beware-mercedes-benzs-new-ev-beats-the-market-leader-in-one-key-area","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=56677","title":{"rendered":"Tesla Beware. Mercedes-Benz’s New EV Beats the Market Leader in One Key Area."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n
<\/div>\n<\/figure><\/div>\n

\n Tesla
\n is facing a challenge from
\n Mercedes-Benz,<\/span>
\n which introduced a new electric-sedan concept vehicle at a German motor show, with superior range.\u00a0 \u00a0<\/p>\n

\n Mercedes-Benz
\n (ticker: MBG.Germany) said the electric-sedan concept \u2013branded as CLA Class\u2013 has a range of more than 466 miles, based on global industry standards. That\u2019s superior to even the long-range version of
\n Tesla\u2019s<\/span>
\n (TSLA) Model 3 sedan which has a range of 391 miles on the same basis.\u00a0<\/p>\n

\n

\u201cThis new model family is inspired by a generation of car buyers who want that unmistakable
\n Mercedes-Benz
\n feel\u2026 They also seek a sustainable choice that is a cut above the rest. This hypermiler [a term denoting extreme fuel efficiency]\u00a0is the one-liter car of the electric age,\u201d said Mercedes-Benz Chairman Ola Kallenius in a company statement on Sunday accompanying the vehicle\u2019s unveiling at the IAA car show in Germany.\u00a0<\/p>\n

The CLA Class is only a concept vehicle at the moment. Production is expected next year, with the car being the first of a new all-electric segment of entry-level vehicles at Mercedes-Benz, including two new SUVs. \u00a0<\/p>\n

Mercedes-Benz more than doubled sales of battery electric vehicles last year to 117,800, representing almost 6% of its total vehicle sales to retail customers. That leaves it as a small player next to Tesla\u2019s more than 1.3 million deliveries in 2022 but Mercedes-Benz aims to be selling 50% electric vehicles by 2025 and be fully electric by 2030. <\/p>\n

Mercedes-Benz stock was up 1.2% in overseas trading Monday. Tesla shares weren\u2019t trading due to the Labor Day holiday. <\/p>\n

Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla is facing a challenge from Mercedes-Benz, which introduced a new electric-sedan concept vehicle at a German motor show, with superior range.\u00a0 \u00a0 Mercedes-Benz (ticker: MBG.Germany) said the electric-sedan concept \u2013branded as CLA Class\u2013 has a range of more than 466 miles, based on global industry standards. That\u2019s superior to even the long-range version of […]<\/p>\n","protected":false},"author":1,"featured_media":56678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-56677","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTesla Beware. 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