EQS arrives in 2021 and is the first model built on the new electric architecture

06.

October 2020

Stuttgart

The EQS is the all-electric member in the new S-Class range and arrives on the market next year. The EQS is the first to use the new electric architecture for electric vehicles of the luxury and executive segment at Mercedes-Benz. With the EQE business saloon and the SUV variants of EQS and EQE, further models based on the new architecture will follow soon. The development is running on schedule: at present, intensive test drives are being conducted mainly at the Test and Technology Centre in Immendingen to validate the production maturity. In the compact class, production of the EQA, the fully electric brother of the GLA, will start later this year, followed by the EQB in 2021. The new generation of electric vehicles in the luxury and executive segment is based on a custom-developed architecture, which is scalable in every aspect and can be used across model series. The wheelbase and track as well as all other system components, especially the batteries, are variable thanks to the modular design. The vehicle concept is thus optimised to meet every requirement of a future-oriented, battery-electric model family. This vehicle architecture makes it possible to build Mercedes-Benz electric cars from saloons to large SUVs.
The EQS will allow customers in the luxury segment to fully benefit from all the advantages of an all-electric architecture with respect to space and design. With ranges of up to 700 km (according to WLTP), the EQS meets the requirements on a progressive saloon in the S-Class segment in this respect as well. At the same time, Mercedes-Benz remains faithful to its recipe for success in production, and designs its vehicles and factories to be able to build different models flexibly on the same production lines. The electric vehicles also use pioneering cross-sectoral technologies from Mercedes-Benz such as, for example, the MBUX (Mercedes-Benz User Experience) control and display system or the driving assistance systems.
The Mercedes-Benz Vision EQS concept car provided pointers to the progressive design of the coming EQS in September 2019. The camouflaged prototypes undergoing testing are also foretelling key design features that are revolutionary for the luxury segment such as the cab forward design or the coupé-like 'one-bow' styling. However, further details of the progressive design of the models EQS SUV, EQE and EQE SUV crucial for the success of the electric initiative remain a secret to the public for the time being.
Mercedes-Benz will introduce the all-electric architecture in 2021. At the same time, the company will continue to electrify the most successful platforms. In addition to the EQC mid-size SUV (EQC 400 4MATIC, combined power consumption: 21.3-20.2 kWh/100 km; weighted CO2 emissions: 0 g/km)[1] and the all-electric EQV people carrier (EQV 300, combined power consumption: 26.4-26.3 kWh/100 km; combined CO2 emissions: 0 g/km)1, customers in the compact car segment can look forward to two all-electric SUVs, the EQA and EQB. Their progressive design identifies them as members of the all-electric product range. Production of the EQA will commence before the end of this year.
Final spurt toward series production: the EQS on the last stages of testing
The EQS is currently undergoing the last tests on the way to production maturity, including at the Test and Technology Centre in Immendingen. The systematic validation of the overall vehicle serves to guarantee the high quality standards and is one of the extensive measures in the development process of every Mercedes-Benz model series. Stations include tough winter testing in Scandinavia, chassis and drivetrain tests on proving grounds, public roads and on the high-speed test track in Nardo as well as the integrated testing of the overall vehicle in the heat of Southern Europe and South Africa. Test drives are currently also being conducted in China and the USA. In the case of the EQS, special attention is paid to the electric powertrain and the battery, of course. They too are tested and approved in accordance with the strictest Mercedes-Benz standards.
“The EQS has already piled up far more than two million test kilometres from the heat of South Africa to the cold of Northern Sweden”, says Christoph Starzynski, Vice-President Electric Vehicle Architecture at Mercedes-Benz and responsible for the EQ vehicles. “The EQS will be the S-Class of electric vehicles. That is why it is undergoing the same demanding development program as any other vehicle that has the privilege of proudly bearing the three-pointed star. In addition, there were quite a few tests specifically for electric cars that cover important development priorities such as range, charging and efficiency”.
The EQS is produced together with the S-Class in “Factory 56” in Sindelfingen, one of the world's most modern car factories. For quite some time, flexibility in the plants has been an investment priority of Mercedes-Benz Operations (MO), which is responsible for passenger car production worldwide. The technical equipment featuring trailblazing Industry 4.0 solutions is a key factor in the flexibility. Thanks to the highly flexible structures, all plants are able to produce vehicles with different types of powertrains and thus also to respond quickly to changes in demand in the markets. Electric-mobility opportunities can be seized with a limited investment need.
As part of its “Ambition 2039” initiative, Mercedes-Benz is working on offering a CO2-neutral new car fleet less than 20 years from now. The company wants electrically powered cars including all-electric and plug-in hybrid vehicles to account for more than half of its sales already by 2030.
[1] The power consumption was determined on the basis of Commission Regulation (EC) No 692/2008. The power consumption is dependent upon the vehicle configuration. Further information on the official fuel consumption and the official specific CO2 emissions of new passenger cars can be found in the “Leitfaden über den Kraftstoffverbrauch, die CO2-Emissionen und den Stromverbrauch neuer Personenkraftwagen” [Guide to fuel consumption, CO₂ emissions and power consumption of new passenger cars], which is available free of charge at all sales outlets and from DAT Deutsche Automobil Treuhand GmbH (www.dat.de).

Press Contact

Wolfgang Würth

Manager Global Product Communications EQ & AV Communications

wolfgang.wuerth@daimler.com

Tel: +49 160 8620345

Koert Groeneveld

Head of Global Product and Technology Communications

koert.groeneveld@daimler.com

Tel: +49 160 8614747

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NEXT-E’s 252 fast and ultra-fast chargers in 6 countries will be available on one platform

Berlin, 5 October 2020 – The members of the NEXT-E charging infrastructure project for electric vehicles and e-mobility digital specialist Hubject have joined forces to make their combined fast and ultra-fast chargers available on one EV-charging application across six bordering countries: Croatia, Czech Republic, Hungary, Slovakia, Slovenia, and Romania. 222 multistandard fast chargers (50 kW)… Continue reading NEXT-E’s 252 fast and ultra-fast chargers in 6 countries will be available on one platform

Daimler to cut fixed costs by more than 20% by 2025

By Reuters Staff 1 Min Read FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler DAIGn.DE on Tuesday said it will cut fixed costs, capex and research and development expenditure by more than 20% by 2025 compared with 2019… Continue reading Daimler to cut fixed costs by more than 20% by 2025

New Mercedes-Benz strategy announced – targeting structurally higher profitability

06.

October 2020

Stuttgart

New Mercedes-Benz strategy for the car business unveiled today at a virtual investor
and analyst conference. The new strategy will enhance the Mercedes-Benz brand’s luxury status, raise the product
portfolio’s positioning and mix, pursue significant growth for sub-brands AMG, Maybach,
G and EQ and accelerate the development of electric drive and car software. Mercedes-Benz confirms its full commitment to electrification across all products and
segments, unveils new dedicated electric architectures, and announces multiple new
electric product launches. Four all-new electric vehicles on new large EVA architecture set for launch from 2021. New electric products coming for AMG, Maybach and G. New »Electric first« MMA platform in development for compact and medium sized cars. Expanded cost reduction plans unveiled that will drive down capex, R&D and fixed costs in
absolute terms and will improve the industrial footprint. Financial ambitions sharpened: lowering break-even point, targeting higher profitability
and strong cash conversion rate. Stuttgart (Germany) – Mercedes-Benz has announced a new strategic course that will pursue profitable growth in the luxury segment and target leadership in electric drive and car software. “In recent years we have done many things right: design, product engineering, brand rejuvenation, sales growth. As a result, we have put Mercedes back on top again. But we have not yet lived up to our full potential in terms of turning volume success into profit growth. That’s why we have refocused and are launching our new strategy. We intend to build the world’s most desirable cars. It’s about leveraging our strengths as a luxury brand to grow economic value and enhancing the mix and positioning of our product portfolio. We will unlock the full potential of our unique sub-brands – AMG, Maybach, G and EQ. Our strategy is designed to avoid non-core activities to focus on winning where it matters: dedicated electric vehicles and proprietary car software. We will take action on structural costs, target strong and sustained profitability,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG at a virtual investor and analyst conference titled »Mercedes-Benz Strategy Update« on October 6, 2020. Källenius also said “with this new strategy we are announcing our clear commitment to the full electrification of our product portfolio and our determination to ensure the business is fully carbon-neutral, in line with our Ambition 2039 target.”
The new Mercedes-Benz strategy is a comprehensive program that has been designed to power the company forward technologically and financially. It has six pillars:
Think and act like a luxury brand
Luxury has always been part of the soul of Mercedes-Benz. Going forward, the brand will see a renewed focus on luxury, making it an integral part of all products, customer interactions and digital technologies. Mercedes-Benz will reshape its product portfolio, brand communications and its sales network to deliver a true luxury experience – a luxury experience that will be electric, software-driven and sustainable.
Focus on profitable growth
Mercedes-Benz will take actions to improve and recalibrate its market strategy. These will focus on optimizing the balance between volume, price and channel mix to ensure improved contribution margins from the current and future portfolio. Mercedes-Benz will also focus its product development resources and capital on the most profitable parts of the market and the segments in which it competes, in order to ensure structurally higher profitability.
Expand customer base by growing sub-brands
Mercedes-Benz is the most valuable luxury car brand in the world, according to Interbrand. It will remain the guiding star. But Mercedes-Benz also has extraordinary sub-brands: AMG, Maybach, G and EQ. The new strategy will take them to the next level – accelerating their development, with clear and targeted plans to unlock their potential and drive substantial incremental EBIT growth.
AMG is set for the next level with high-performance electrification, starting in 2021. Its links with Formula 1 will also intensify next year, to reflect its identity as Mercedes’ high performance sub-brand. Maybach will pursue global opportunities, doubling in size and going electric. The demand for the legendary G is ahead of current capacity. The legend will grow, and will electrify. With the EQ brand, Mercedes-Benz will address a new audience with progressive high-technology products, built on dedicated electric architectures.
Embrace customers and grow recurrent revenues
Mercedes-Benz is committed to fostering life-long relationships with its customers. The aim is for customers to love owning a Mercedes-Benz and to be so satisfied by the relationship that they stay with the brand for a long-time, ideally forever. Now, Mercedes-Benz will aim for even stronger loyalty, higher repeat purchases and rapid growth in recurrent revenues – from services and parts and also increasingly from Over-the-Air (OTA) updates and subscription services. The growing number of connected cars provides very significant revenue opportunities in the future, as the Mercedes-Benz fleet will reach 20 million fully connected vehicles in total by 2025.
Lead in electric drive and car software
Mercedes-Benz is aiming to take the lead in electric drive and car software with ambitious product development targets and the accelerated introduction of new technology. As part of its »Electric First« strategy, Mercedes-Benz has announced four all-new electric vehicles based on its upcoming large-car Electric Vehicle Architecture (EVA). The EQS luxury sedan is the first representative of this new dedicated architecture and will reach the market in 2021 with an electric range of more than 700 km (WLTP). It will be followed by the EQE, the EQS-SUV and the EQE-SUV. In addition, AMG, Maybach and G will go electric. From 2025, multiple further models will be added to the electric vehicles portfolio on the second all-new dedicated electric platform, the Mercedes-Benz Modular Architecture (MMA) designed for compact and medium-sized cars.
Mercedes-Benz will shift even more of its product development resources and expertise to electric drive, and will invest in new technologies and concepts to accelerate electric range and efficiency. The next generation of eMotors are developed in house and will feature sophisticated inverter and high voltage technology. The company is making huge strides in battery technology – with in-house battery R&D complimented by close partnerships with key strategic partners CATL, Farasis and Sila Nano. New materials and production processes will increase range, reduce charging time and cost.
Mercedes-Benz also announced an exciting next step in electric vehicle development today, with the Vision EQXX technology program. The aim is to build an electric vehicle with spectacular efficiency and range. Mercedes-Benz has tasked its engineering group with pushing the boundaries of electric range and efficiency with a cross-functional, multi-disciplinary team based in Stuttgart, supported by specialists from the Mercedes-Benz F1 HPP group in the UK, who bring expertise in eMotors plus motorsport-inspired development speed. While Vision EQXX is a technology program, it is expected to result in innovations that will quickly make their way into series production cars.
In the area of car software, Mercedes-Benz has announced its own proprietary MB.OS operating system. This will be developed in-house and is scheduled for launch in 2024. It will allow Mercedes-Benz to centralize the control of all the vehicles’ domains and also its consumer interfaces. Proprietary software development will allow greater speed and more frequent updates, and will be designed around scalable architectures that will control future development costs.
“At Mercedes-Benz, we strive for nothing less than taking the lead in electric drive and car software. We will do this with an intelligent electric platform strategy and a proprietary software development approach,” said Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, responsible for Daimler Group Research and Mercedes-Benz Cars COO. “We are going to do it the Mercedes way, bringing a true luxury experience to the world of electric and connected cars. We will leverage in-house technology development and strategic partnerships to deliver superb products. And from 2025 on, we are targeting strong contribution margins for all new architectures thanks to high commonality and controlled investment, and ongoing falls in the cost of battery systems. While we will expand the electrified portfolio towards a share of more than 50% of global sales by 2030, our investments in combustion engine development will decline quickly and the number of combustion engine variants will fall by 70% by 2030.”
Lower cost base and improve industrial footprint
Mercedes-Benz will improve its profitability and cash generation and take actions to prepare for the future and to accelerate the transition to electric drive. 2020’s events have confirmed that the company’s break-even point is too high and, with the transformational challenges ahead, further actions will be needed. Mercedes-Benz will therefore take significant new steps to reduce the cost base and improve the industrial footprint in the period to 2025.
Fixed costs will be cut by more than 20% by 2025 in absolute terms compared to the 2019 baseline, via reduced spending, capacity adjustments and lower personnel costs. Capex and R&D expenditure are also set to decrease by more than 20% by 2025 compared to 2019. Variable costs will be reduced by 1% net per annum compared to the level of 2019 during the period until 2025, including increased and prolonged savings targets for material costs. This target excludes the effects of a higher xEV mix.
The new Mercedes-Benz strategy and its financial ambitions
With its refocused approach, the new Mercedes-Benz strategy should deliver an improvement in commercial performance via better mix and pricing, an improved product portfolio and growth in recurrent revenues. These developments, when combined with the substantial actions on costs and industrial footprint, should drive a structurally higher level of profitability. By 2025, Mercedes-Benz AG is aiming for a return on sales (RoS) level within a mid to high single-digit range, even under unfavorable market conditions. The company’s ambition is to achieve a double-digit margin in a strong market environment.
“We are set for profitable growth. Additionally we have initiated comprehensive measures to bring down the breakeven point in order to right-size our company and our operations. All measures together are designed to make our business weatherproof, address the challenges of the transformation and lead to solid profitability levels even in rough weather, with significant upside in favorable market conditions,” said Harald Wilhelm, Member of the Board of Management of Daimler AG, responsible for Finance & Controlling/Daimler Mobility, and of Mercedes-Benz AG, responsible for Finance & Controlling.
“The foundation of our new strategy is our highly qualified and motivated team. All of us at Mercedes-Benz are determined to deliver on our ambitions. We will build the world‘s most desirable cars. That’s our mission, that’s what we want to deliver to our customers. We will make a leap forward in technology. We will invest where we can win, grow more intelligently, and reshape our industrial footprint. As a result, we will be able to improve profitability and lift shareholder value,” said Källenius.
Additional information will be available at: https://media.mercedes-benz.com/mbsu

Press Contact

Jörg Howe

Head of Global Communications

joerg.howe@daimler.com

Tel: +49 711 17-41341

Fax: +49 711 17-41369

Twitter: https://twitter.com/joerg_howe

Katja Bott

Head of Global Communications Mercedes-Benz Cars & Vans

katja.bott@daimler.com

Tel: +49 711 17 75841

Hendrik Sackmann

Head of Finance and Strategy Communications

hendrik.sackmann@daimler.com

Tel: +49 711 17-35014

Fax: +49 711 17-79064268

LinkedIn: Hendrik Sackmann

Twitter: https://twitter.com/@der_sackmann

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From left to right: Harald Wilhelm, CFO of Mercedes-Benz AG, Ola Källenius, CEO of Mercedes-Benz AG, and Markus Schäfer, COO of Mercedes-Benz AG, at a virtual on-line investor and analyst conference titled »Mercedes-Benz Strategy Update« on October 6, 2020.

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Tesla dissolves its PR department – a new first in the industry

Electrek can confirm that Tesla has dissolved its PR department – technically becoming the first automaker who doesn’t talk to the press. It is something that we have discussed on our podcast several times over the last few months, but now that reporters are publicly complaining about it – we thought we’d clear things up… Continue reading Tesla dissolves its PR department – a new first in the industry

@Daimler: Mercedes-Benz Cars & Vans continues positive development of unit sales in third quarter

In the first nine months of the year, Mercedes-Benz Cars & Vans sold 1,792,744 cars and commercial vans worldwide. Due to the positive development of customer demand in many markets, global passenger car sales of Mercedes-Benz from July to September increased by 3.9% compared with the prior-year quarter. China continued to be the main driver of… Continue reading @Daimler: Mercedes-Benz Cars & Vans continues positive development of unit sales in third quarter

Mercedes-Benz Cars & Vans continues positive development of unit sales in third quarter

06.

October 2020

Stuttgart

In the first nine months of the year, Mercedes-Benz Cars & Vans sold 1,792,744 cars and commercial vans worldwide. Due to the positive development of customer demand in many markets, global passenger car sales of Mercedes-Benz from July to September increased by 3.9% compared with the prior-year quarter. China continued to be the main driver of passenger car sales in the third quarter (+23.4%). Britta Seeger: “Demand from our customers in the third quarter was significantly higher than we had assumed in March and April in view of the challenges posed by the pandemic. However, the third quarter also shows how regionally diverse the situation still is in the markets and for our dealerships.” Mercedes-Benz Vans delivered 95,933 vans for commercial use from July to September (+11.2%). Stuttgart. The recovery of worldwide retail passenger car sales by Mercedes-Benz continued in the third quarter despite ongoing challenging conditions. Global sales of 613,770 passenger cars in the period of July to September were higher than in the prior-year quarter for the first time this year (+3.9%) due to the positive development in China and rising customer demand in many other markets. The attractive model portfolio and numerous measures taken by dealerships to respond best possible to customer inquiries and interest even during the COVID-19 pandemic provided additional sales support in the third quarter. In order to meet the high level of customer demand at short notice, dealerships’ inventories were reduced worldwide. China continued to be the main driver of Mercedes-Benz passenger car sales as the market continued its rapid recovery in the third quarter (+23.4%). In Germany, the domestic market of Mercedes-Benz, sales in the past three months were higher than in the prior-year quarter for the first time this year (+4.0%).
“Demand from our customers in the third quarter was significantly higher than we had assumed in March and April in view of the challenges posed by the pandemic. We are pleased with customers’ positive response to our models and the increasing demand in many markets. However, the third quarter also shows how regionally diverse the situation still is in the markets and for our dealerships. We will therefore monitor developments very closely in the fourth quarter, but the current level of demand is encouraging”, said Britta Seeger, Member of the Boards of Management of Daimler AG and Mercedes-Benz AG responsible for Marketing and Sales. “Rising orders received in particular for plug-in hybrids with the three-pointed star are a great customer feedback on our growing portfolio. From July to September, we had the first quarter so far with more than 10,000 xEVs delivered monthly by Mercedes-Benz Cars. The high demand for the electrified models has been sustained, especially in Europe.”
Mercedes-Benz Cars & Vans unit sales
Mercedes-Benz sold 1,548,859 premium and luxury vehicles worldwide in the first three quarters of the year, thus continuing its upward sales trend (-10.2%). At the smart brand, global unit sales were still below the previous year’s level due to the changeover to purely battery-electric drive; a total of 22,006 two- and four-door urban microcars were handed over to customers in the first nine months of the year (-74.9%). Mercedes-Benz Cars thus delivered a total of 1,570,865 cars of the Mercedes-Benz and smart brands from January to September (-13.4%). At Mercedes-Benz vans with vehicles for the commercial sector, a further market recovery was noticeable in the third quarter of 2020 under corona conditions. Unit sales increased by 11.2% in the third quarter, particularly due to positive developments in China and Europe. In total, 95,933 units of the Sprinter, Vito, Vito Tourer and Citan were sold in the third quarter.
“Despite the ongoing challenging external conditions in the third quarter, we were able to increase the unit sales of our vans worldwide by eight percent. This growth is largely based on the success of our commercial vans, with which we achieved our best-ever third quarter worldwide,” stated Marcus Breitschwerdt, Head of Mercedes-Benz Vans. “With the eVito, the eSprinter, and the EQV [combined power consumption: 26.4-26.3 kWh/100 km; combined CO2 emissions: 0 g/km]* multipurpose vehicle, we already have three battery-powered vans in our portfolio that are receiving a very positive response. In the past three months, we delivered almost 800 all-electric vans from Mercedes-Benz to customers and received further major orders for more than 2,000 of our e-vehicles. We are convinced that our products will play a significant role in shaping the next stage of transportation and in making it more sustainable in the long term.”
Mercedes-Benz unit sales by region and market
In the Europe region, Mercedes-Benz delivered 547,578 passenger cars in the period of January to September (-20.9%), while unit sales in the third quarter were almost on the prior-year level due to rising demand in many European markets (-0.4%). In Germany, Mercedes-Benz increased its sales to 84,676 units in the third quarter, the first quarter of this year in which sales were higher than in the prior-year period (+4.0%). In the Asia-Pacific region, Mercedes-Benz delivered 746,603 premium and luxury vehicles from January to September (+2.1%). Mercedes-Benz passenger car sales in China were also higher than in the first nine months of last year (+8.3%). And with sales of 223,631 units in the third quarter, China also exceeded last year’s third-quarter record (+23.4%). Sales to end-customers in the North America region in the first nine months of the year totalled 228,397 units (-13.9%). In that region’s core market, the United States, Mercedes-Benz delivered a total of 69,631 premium and luxury vehicles from July to September (-9.4%).
Overview of retail sales by Mercedes-Benz Cars & Vans
Q3 2020
Change in %
Jan. – Sept. 2020
Change in %
Mercedes-Benz*
613,770
+3.9
1,548,859
-10.2
smart
11,905
-56.6
22,006
-74.9
Mercedes-Benz Cars
625,675
+1.2
1,570,865
-13.4
Mercedes-Benz Vans (commercial models)
95,933
+11.2
221,879
-13.2
Mercedes-Benz Cars & Vans**
721,608
///
1,792,744
///
Car unit sales by the Mercedes-Benz brand in the regions/markets
Europe
234,088
-0.4
547,578
-20.9
– thereof Germany
84,676
+4.0
190,843
-16.6
Asia-Pacific
288,350
+14.0
746,603
+2.1
– thereof China
223,631
+23.4
569,698
+8.3
North America
81,859
-9.8
228,397
-13.9
– thereof USA
69,631
-9.4
196,838
-12.2
*Including the V-Class and the X-Class
**The retail unit sales of the Mercedes-Benz Cars & Vans divisions were presented together for the first time in the press release on unit sales in the first quarter of 2020, so there is no comparative period.
*Electrical consumption has been determined on the basis of Directive 692/2008/EC. Electrical consumption is dependent on the vehicle configuration.

Press Contact

Christopher R. Springer

Global Business Communications Mercedes-Benz Cars Sales & After Sales

christopher_renz.springer@daimler.com

Tel: +49 176 30969888

Katja Liesenfeld

Head of Global Business Communications Mercedes-Benz Cars Sales & After Sales

katja.liesenfeld@daimler.com

Tel: +49 160 8621488

Sofia Stauber

Head of Global Business Communications Mercedes-Benz Cars

sofia.stauber@daimler.com

Tel: +49 711 1755139

Thomas C. Rosenthal

Global Technology Communications Mercedes-Benz Vans – Future Transportation & adVANce

thomas_christian.rosenthal@daimler.com

Tel: +49 176 30933075

Silke Walters

Manager Global Business Communications Mercedes-Benz Vans

silke.walters@daimler.com

Tel: +49 176 30909308

Andrea Eberhardt

Head of Global Communications Mercedes-Benz Vans

andrea.eberhardt@daimler.com

Tel: +49 160 8671683

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Mercedes-Benz Cars & Vans retail sales Q1-Q3 2020

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eMatrixmile and Magenta to set up 10,000 EV charging stations across India

Mumbai-based eMatrixmile India and Magenta EV Solutions have joined forces for installation and commissioning of ‘Qyk Pod’ charging stations with associated infrastructure and stations in Mumbai, MMR and Maharashtra region. The partnership aims to install around 10,000 electric charging stations across India in sustained phases. Aiming to create greater synergy between the two organisations and… Continue reading eMatrixmile and Magenta to set up 10,000 EV charging stations across India

@niche: Expanding our Long-Haul Truck Solution with HINO Group000147

Expanding our Long-Haul Truck Solution with Hino Trucks Given the recent regulation wins in California and the explosion of e-commerce demands due to the pandemic, “going electric” has never made more sense. When we launched Xos Trucks, our flagship prototype was the ET-One, a fully electric Class 8 truck for heavy-duty applications. Today, we are excited… Continue reading @niche: Expanding our Long-Haul Truck Solution with HINO Group000147

Oil giant Total acquires London charging network

Total, along with fellow European oil giants BP and Shell, has been buying up assets all along the EV charging value chain. Now we learn that Total has acquired a major UK charging network, Source London, which operates over 1,600 on-street charging points in London. Total acquired Source London from the French Bolloré Group, which… Continue reading Oil giant Total acquires London charging network