Daimler CEO recognizes strong profits from flagship E-Car, FAS Says

Daimler CEO recognizes strong profits from flagship E-Car, FAS Says

Daimler AG’s new flagship electric car will produce “reasonable” returns directly from the beginning as the vehicle features top-line technology, Chief Executive Officer Ola Kallenius said.

The Mercedes EQS, which debuts this week, will produce attractive benefits while as yet slacking the profits of its combustion engine-powered sibling, the S-Class, because of the greater expense of electric-car components, Kallenius said in an interview with Frankfurter Allgemeine Sonntagszeitung.

“The logic remains the same: the top segment promises the best profit margin,” he said.

The EQS will be the first Mercedes based on dedicated electric-car underpinnings, denoting an achievement for the German brand that has been condemned for a really long time to accept EVs. It will feature a driving range of 770 kilometers (478 miles), putting the vehicle ahead in the electric-car race, as indicated by Kallenius.

Carmakers are stepping up their game to find battery-vehicle leader Tesla Inc. and a host of different newcomers whose valuations have vaulted past those of numerous incumbent makers. Volkswagen AG a month ago reported designs to become the new globalEV sales leader no later than 2025, while General Motors Co. has said it’ll stopped making combustion-engine cars by 2035.

Daimler may hit an objective to make its fleet carbon neutral by 2039 faster than anticipated, said Kallenius, who articulated the goal two years prior.

“This will likely happen faster given the dynamic pace we’re seeing today,” he said.

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