The electric-car maker’s performance reflected increasing sales and production around the world.
Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?
The EQS has a range of 770 kilometers or about 480 miles, according to Mercedes. If that figure is confirmed, the EQS would dethrone the Tesla Model S Long Range Plus as the electric car with the longest range.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.
“At the end of the day, it was a bit of fun with the name and the brand,” a Volkswagen spokesman said.
In the aftermath of a diesel scandal five years ago, executives made a commitment to electric vehicles that now is paying off.
A new car sold today can last a decade or two before retiring. This “fleet turnover” poses a major challenge for climate policy.
The share price fell by more than 10 percent on Friday morning, a drop that comes as the company faces more competition in the United States and China.
They see branding opportunities as the pandemic and a desire by cities to curb traffic propel e-bike sales to new heights.