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.
It plans to convert its entire lineup to battery power by 2030, phasing out internal combustion engine vehicles faster than other automakers.
As automakers promise to get rid of internal combustion engines, Heidelberg is trying to get rid of autos.
