Mercedes Is Standing on Tesla's Doorstep
German automaker Daimler (OTC: DMLR.Y) is taking its case to the public this week for its upcoming Mercedes brand electric vehicles (EVs). The company highlighted its EQS luxury sedan, and said it will unveil its all-electric compact EQB SUV this weekend at the Mercedes-EQ night in Shanghai.
Both vehicles will directly take on Tesla (NASDAQ: TSLA) on the global stage. Tesla began shipping its Model Y crossover SUV from its Shanghai factory earlier this year. Competition for Tesla's Model S will also come from the Mercedes EQS, which is the electric version of the company's Mercedes-Benz S-Class luxury sedan. The EQS sedan will begin selling in the U.S. and Europe this summer, and in China at the start of 2022, according to Reuters.
Source Fool.com
