Hyperdrive

Mercedes Unveils New Electric SUV Aimed at Tesla’s Model Y

  • EQE SUV boasts 590 kilometers (367 miles) of battery range
  • Model will vie for attention with Chinese brands at Paris show
WATCH: Mercedes-Benz CEO said the energy crisis may be a challenge in Europe for the next 2 or 3 years, but this may be a catalyst to accelerate the transition into renewables.Source: Bloomberg
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Mercedes-Benz Group AG is broadening its battery-powered lineup with a sport utility vehicle that will take on Tesla Inc.’s Model Y in another step toward the automaker’s goal to go all-electric by the end of the decade.

The EQE SUV, unveiled on the eve of the Paris car show, will edge out the cheaper Model Y with 590 kilometers (367 miles) of driving range and start at around €70,000 ($68,000) when sales begin late this year. It’s the fourth model to use Mercedes’ dedicated EV platform, which also underpins the flagship EQS sedan.