Reuters
Mercedes CEO: Efficiency is the ‘new currency’ in the EV market
Mercedes-Benz CEO Ola Kaellenius told Reuters the automaker’s newest electric vehicle architecture, launching with the CLA compact electric sedan late next year, will target 30% to 35% more driving range for each kilowatt-hour of energy stored in the battery than the brand’s current EVs. Mercedes will also offer a lithium-iron-phosphate, or LFP, battery in the new CLA model lineup due to hit showrooms in early 2025, a first for any Mercedes EV, the CEO said in an interview. With an LFP battery pack, Mercedes could offer a lower-priced model in a competitive segment currently dominated by Tesla.