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Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt
Drive Pilot can take over in traffic jams, letting you kick back, watch a movie, or read a book. Drive Pilot will be available in the electric EQS, shown here, as well as the gas-powered S-Class sedan. Over time, Mercedes plans to teach Drive Pilot to function in more places and at higher speeds. One lidar sensor actually helps Drive Pilot see in 3D, the other is just for symmetry. For people subjected to that sort of treatment daily — or, tragically, twice a day — Drive Pilot could be a game changer.
Persons: , Santa Monica, Mercedes, we've, Deniz Calagan Organizations: Mercedes, Benz, Service, General Motors, Benz AG, Global Communications Mercedes Locations: Los Angeles, Santa, San Francisco, California, Nevada
UAW workers strike at Mercedes supplier ZF's plant in Alabama
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +1 min
Striking United Auto Workers members picket outside the Stellantis Jeep plant, in Toledo, Ohio, U.S. September 19, 2023. REUTERS/Rebecca Cook Acquire Licensing RightsSept 20 (Reuters) - The United Auto Workers (UAW) union said on Wednesday that 190 workers went on strike at Mercedes-supplier ZF's plant in Alabama, demanding higher pay and better healthcare benefits. The workers are also seeking an end to the tier system of wages, under which older employees get higher pay than newer workers for the same job. ZF, which makes front axles used by Mercedes, said the plant in Tuscaloosa would operate while talks with the union continue. UAW members are also on a separate strike at three plants operated by the Detroit Three automakers - Ford Motor (F.N), General Motors (GM.N) and Stellantis (STLAM.MI) - demanding better contracts from the companies.
Persons: Rebecca Cook, Mercedes, Mercedes Benz, Abhinav Parmar, Arun Koyyur Organizations: United Auto Workers, REUTERS, UAW, Mercedes, Detroit Three, Ford, General Motors, Thomson Locations: Toledo , Ohio, U.S, Alabama, Tuscaloosa, Bengaluru
Stellantis provided a glimmer of hope for a breakthrough by giving the union a new contract proposal. It was not clear whether the Stellantis offer would satisfy union President Shawn Fain, who vows to announce new strike targets on Friday unless there is “serious progress” toward agreements with GM, Stellantis and Ford. So far UAW workers are striking at just three factories — one for each company, including a GM assembly plant near St. Louis. The workers are covered under a different contract than those that UAW is negotiating with the three big automakers. If ratified, it would cover more than 5,000 workers and provide a model for similar deals at GM and Stellantis operations in Canada.
Persons: Stellantis, Shawn Fain, Louis Organizations: Motors, Stellantis, United Auto Workers, GM, Ford, UAW, Chrysler, Dodge, Canadian Locations: St, Kansas, Louis, Ohio, Indiana, Toledo , Ohio, Alabama, Canada
Carlos Sainz of Spain driving the (55) Ferrari SF-23 after his pit stop during the F1 Grand Prix of Singapore at Marina Bay Street Circuit on September 17, 2023 in Singapore, Singapore. Runaway standings leader Max Verstappen's winning run ended at 10 races and Red Bull's at 15 — both F1 records — as Carlos Sainz Jr. won the Singapore Grand Prix for Ferrari on Sunday. Red Bull dreamed of winning every race this year but had Verstappen fifth and Perez eighth after struggling all weekend in Singapore. That was the best feeling," Sainz said after celebrating with his team as fireworks lit up the Singapore circuit. Leclerc was fourth after failing to hold off the Mercedes cars on older tires, ahead of Verstappen in fifth.
Persons: Carlos Sainz, Ferrari, Qian Jun, Max Verstappen's, Carlos Sainz Jr, Red Bull, Perez, Sainz, McLaren's Lando Norris, Mercedes, Lewis Hamilton, George Russell, Norris, Carlos, Russell, Ferrari's Charles Leclerc, couldn't, Hamilton, Leclerc, Verstappen, Pierre Gasly, Oscar Piastri, Liam Lawson, Daniel Ricciardo, Kevin Magnussen, Haas, Aston Martin, Fernando Alonso, Lance, didn't Organizations: of Singapore, Marina, Circuit, Red Bulls, Bull's, Singapore, Prix, Ferrari, Sunday, McLaren, DRS, Alpine, AlphaTauri Locations: Spain, Singapore, Hamilton, Verstappen
SINGAPORE (AP) — Carlos Sainz Jr. won the Singapore Grand Prix for Ferrari on Sunday as Max Verstappen and Red Bull's historic win streaks in Formula One came to an end. Red Bull had dreamed of winning every race this year but had Verstappen fifth and Perez eighth after struggling all weekend in Singapore. Verstappen's winning run ended at 10 races and Red Bull's at 15, including one at the end of last year. George Russell crashed the other Mercedes on the final lap from third position to promote Hamilton to the podium. Charles Leclerc was fourth after failing to hold off the Mercedes cars on older tires, ahead of Verstappen in fifth.
Persons: — Carlos Sainz Jr, Max Verstappen, Red Bull, Perez, Sainz, McLaren's Lando Norris, Mercedes, Lewis Hamilton, George Russell, , ” Sainz, Norris, ” Hamilton, Russell, Charles Leclerc, Pierre Gasly, Oscar Piastri, Liam Lawson, Kevin Magnussen, Haas Organizations: SINGAPORE, Singapore, Prix, Ferrari, One, Verstappen's, Bull's, McLaren, DRS, Alpine, AlphaTauri Locations: Singapore, Hamilton, Verstappen
I drove Mercedes-Benz's new electric SUV: the EQE SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. AdvertisementAdvertisementThe 2023 Mercedes-Benz EQE 500 4MATIC SUV.
Persons: Mercedes, Tim Levin, I'm, anyone's, Elon Musk's, Tesla, iX, fanny, that's Organizations: Mercedes, Service, Benz, Subaru, BMW, Tesla's, EV Locations: Wall, Silicon, Stuttgart, Elon
BMW Vision Neue KlasseBMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars. Mercedes-Benz Vision One ElevenThe Mercedes-Benz Vision One Eleven on display at the IAA Mobility show in Munich, Germany. GTI ConceptThe all-electric Volkswagen ID GTI Concept car on display at the IAA Mobility 2023 show in Munich, Germany. Porsche Mission XThe Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Lego Lamborghini Sián FKP 37A Lego version of the Lamborghini Sián FKP 37 on display at IAA Mobility 2023 in Munich, Germany.
Persons: Olaf Scholz, Ola Källenius, Mercedes, Sven Hoppe, Arjun Kharpal, Leapmotor, Zhu Jiangming, BYD, Warren Buffett, Kharpal, Lucid, Cyberster Organizations: Management, Mercedes, Benz AG, Getty, Mobility, BMW, Neue, CNBC, Benz, IAA, Leapmotor, Opel, CNBC Stellantis, Air, Volkswagen, IAA Mobility, Porsche, Carrera GT, Shanghai Auto, Lamborghini Locations: Munich, GERMANY, Germany, Xpeng, BYD, Hangzhou, Europe
The Chinese auto industry has been booming in recent years. Chinese EV companies are expected to outsell foreign brands there, including Ford, GM, and others, for the first time this year. This is worrying executives at some major legacy auto companies, according to several reports out of the Munich auto show. Consulting firm KPMG estimates Chinese companies could account for 15% of market share in Europe within just two years. Chinese EV companies also have an edge against rivals in producing EVs at bigger scale and lower costs, a crucial measure of any electric car companies' future success.
Persons: Hildegard Mueller, Oliver Zipse, Morgan Stanley Organizations: Volkswagen, Mercedes, Benz, BMW, Ford, GM, Service, EV, German Association of, Automotive Industry, KPMG Locations: Wall, Silicon, Europe, China, Munich, XPeng, Germany
REUTERS/Angelika Warmuth Acquire Licensing RightsMUNICH, Sept 4 (Reuters) - Mercedes-Benz (MBGn.DE) does not expect its sales in Europe to be all-electric by 2030 but will have its line-up ready, Chief Executive Ola Kaellenius said in an interview at the Munich car show. The premium carmaker has long said it is targeting all-electric sales by 2030 "where markets allow", saying customers will ultimately decide what product they want and pointing to the need for infrastructure to support the transition to electric vehicles (EV). Europe's EV market had grown significantly in recent years but likely wouldn't be ready for all-electric sales by 2030, Kaellenius said on the sidelines of the Munich show. "It's not going to be 100% in 2030, obviously... from the whole European market, but probably from the Mercedes side as well," he said. EV sales in Europe grew nearly 55% in the first seven months of 2023, to about 820,000 vehicles, making up about 13% of all car sales.
Persons: Mercedes, Angelika Warmuth, Ola Kaellenius, Kaellenius, It's, Oliver Zipse, Oliver Blume, Victoria Waldersee, Miranda Murray, Susan Fenton Organizations: Benz, REUTERS, Rights, Mercedes, BMW, Volkswagen, Victoria, Thomson Locations: Munich, Germany, Europe, China
Mercedes-BenzMercedes-Benz and BMW took the wraps off electric concept cars as they look to catch up with Tesla in the premium end of the market. At the IAA auto show in Munich, Mercedes showed off the Mercedes-Benz Concept CLA Class while BMW revealed the BMW Vision Neue Klasse. Mercedes-Benz Concept CLA ClassThe Mercedes-Benz Concept CLA Class is built on the so-called Mercedes‑Benz Modular Architecture (MMA), a new platform designed by the German auto giant for electric cars. BMW Vision Neue KlasseThe BMW Vision Neue Klasse is BMW's answer to Tesla. BMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars.
Persons: Tesla, Mercedes, they're, Mercedes ‑, Benz Mercedes, Benz, Arjun Kharpal Organizations: Mercedes, Benz, Benz Mercedes, BMW, IAA, Neue, Neue Klasse, CNBC, Klasse, CNBC BMW Locations: Munich, Germany
Mercedes is headed for the release of a new EV that gets more mileage on a single charge than Tesla. AdvertisementAdvertisementThe mileage range of a new fully electric car from Mercedes could easily outshine that of any Tesla. Its current range on a single charge, Mercedes says, is 466 miles, beating by about 70 miles the longest proposed range of any Tesla, the electric car company run by Elon Musk. "This car is extremely important for innovation reasons and to push the limits for what we can do with a series car." Some Tesla drivers have noticed that the range they could actually drive on a single charge was often half of what was promoted by the car company.
Persons: Mercedes, Elon Musk, Markus Schäfer, Tesla Organizations: Mercedes, Internationale, Bloomberg, Elon, Reuters, Drivers Locations: Munich
CNN —Lewis Hamilton will remain a Mercedes driver in Formula One until at least the end of the 2025 season after the team announced a contract extension on Thursday. Hamilton, who shares the record for most F1 world titles with Michael Schumacher (seven), joined Mercedes in 2013 after starting his career with McLaren in 2007. The 38-year-old owns the outright record for most race wins in F1 history with 103. In the Mercedes press release, Hamilton said, “We dream every day of being the best and we have dedicated the past decade together to achieving that goal. Hamilton’s teammate, fellow Brit George Russell, also extended his contract with the outfit until the end of 2025.
Persons: CNN — Lewis Hamilton, Hamilton, Michael Schumacher, Max Verstappen, Red Bull, , it’s, … I’m, isn’t, Mercedes, Hamilton’s, Brit George Russell, ” Russell, Organizations: CNN, Formula, Mercedes, McLaren, Red,
Norris tops Dutch practice as Ricciardo ruled out
  + stars: | 2023-08-25 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
SummaryCompanies Norris tops second session and fastest overallVerstappen quickest in first practiceRicciardo ruled out with broken handLawson to debut as Australian's replacementAug 25 (Reuters) - McLaren's Lando Norris was fastest in Dutch Grand Prix practice on Friday as former team mate Daniel Ricciardo crashed his AlphaTauri and was ruled out of Sunday's race with a broken hand. Norris denied home hero Max Verstappen a perfect Friday by lapping 0.023 faster than the championship-leading Red Bull driver in the day's second session at Zandvoort. Norris then lapped in 1:11.330 in the late afternoon, with double Formula One world champion Verstappen second. The 25-year-old leads Mexican team mate Sergio Perez by 125 points after 12 of 22 races. Perez was fourth on those timesheets, 0.471 slower than his team mate, with Williams' Alex Albon fifth and Norris sixth.
Persons: Norris, Ricciardo, Lawson, McLaren's Lando Norris, Daniel Ricciardo, Liam Lawson, Max Verstappen, Red, Verstappen, we’ve, McLaren, Oscar Piastri, Piastri, AlphaTauri, Sebastian Vettel's, Sergio Perez, Fernando Alonso, Mercedes, Lewis Hamilton, Perez, Williams, Alex Albon, Albon, AlphaTauri's Yuki Tsunoda, Alpine's Pierre Gasly, Red Bull, Haas's Nico Hulkenberg, Guenther Steiner, Aston, Lance, Robert Shwartzman, Carlos Sainz, Sainz, Charles Leclerc 11th, Alan Baldwin, Toby Davis, Ken Ferris Organizations: Bull, Red Bull, Briton, McLaren, Hamilton, Prix, Sky Sports, Ferrari, Thomson Locations: Zandvoort, London
64-year-old Uber driver Wesley Johnson started driving a rented Tesla four months ago. Johnson also offered tips for Uber drivers looking to make the electric-vehicle switch. To compare, Johnson said the Tesla rental from Hertz costs him roughly $50 per week, or $200 a month, to charge. Wesley Johnson, 64, says he's saved roughly $1,400 per month on gas since switching to an electric vehicle. What Uber drivers should know before making the EV switchJohnson has a few tips for any Uber drivers who are considering renting or buying an EV.
Persons: Wesley Johnson, Johnson, San Francisco Uber, Uber, He's, who's, Hertz, Tesla, he's, I'm, Organizations: Service, Hertz, EVgo, EV Locations: Wall, Silicon, San Francisco
Mercedes sales rise in Q2 on top-end, electric vehicles
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +1 min
Companies Mercedes Benz Group AG FollowBERLIN, July 11 (Reuters) - Mercedes-Benz Group (MBGn.DE) sales in the second quarter rose 6% year-on-year - a total of 515,700 vehicles - on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday. Sales grew in all the carmaker's main regions - Europe, Asia and North America - with deliveries in Germany up 23%, while China was up by 12% and the United States by 6%. In the rest of the world, second-quarter sales fell 12% to 20,700 vehicles. Electric vehicles conitnued to be the main growth driver in the quarter, with passenger cars sales growing 123%, to reach 56,300 units. The top-end segment - which includes models such as AMG, Maybach and G-class - also posted solid growth of 12% for the period.
Persons: carmaker, Miranda Murray, Friederike Heine Our Organizations: Mercedes Benz Group, BERLIN, Benz Group, ., Maybach, Thomson Locations: Europe, Asia, North America, Germany, China, United States
The German luxury automaker will fully integrate what Tesla calls the North American Charging Standard (NACS) in its electric vehicle line-up, it said on Friday. In November, Tesla CEO Elon Musk invited other EV makers to build vehicles that could use Tesla charging ports. In May, Ford (F) announced its vehicles will gain access to Tesla’s vast EV charging network. “With the development of Mercedes-Benz’s new North American High-Power Charging Network, we are ready to redefine the electric vehicle charging experience,” Andrew Cornelia, CEO of Mercedes-Benz HPC North America said in a statement. CCS chargers are used by most other EV makers, including General Motor, Audi, and Rivian, but Tesla’s charging stations outnumber CCS stations in the United States.
Persons: New York CNN — Mercedes, Tesla, superchargers, Mercedes, Elon Musk, , ” Andrew Cornelia, it’s Organizations: New, New York CNN, Benz, American, EV, Tesla, Ford, GM, Mercedes, America, General Motor, Audi Locations: New York, North America, Europe, China, California, United States
Auto firms have been slow to plan for graphite shortages, focusing mainly on better-known battery materials lithium and cobalt, even though graphite is the largest battery component by weight. Graphite shortages are expected to rise in coming years, with a global supply deficit of 777,000 tonnes expected by 2030, Project Blue projections showed. China produces 61% of global natural graphite and 98% of the final processed material to make battery anodes, BMI said. Agreeing graphite supply deals is complex, requiring extensive safety testing for material going into each model of EV that can take up to three years. Natural graphite anodes tend to be cheaper and are beneficial for cell capacity and power output, allowing cars to run further distances before charging.
Persons: Tomas Bergman, Handout, there's, Mark Thompson, Australia's, Northvolt, Thompson, Talga, Mercedes, Brent Nykoliation, Tesla, George Miller, Reitumetse, Eric Onstad, Veronica Brown, Sharon Singleton Organizations: Talga Group, Reuters, Mercedes, Auto, Australia's Talga, BMO Capital Markets, Benchmark Mineral Intelligence, BMI, Reuters Graphics, Toyota, Ford, Tesla Inc, Toyota Motor Corp, Ford Motor, Benz, Renault, NextSource, Syrah Resources, Magnis Energy Technologies, U.S, European Union, Thomson Locations: Norrbotten, Sweden, China, Madagascar, Mozambique, United States, Europe, U.S, Mauritius, CHINA, Western
Mercedes drivers can soon turn to ChatGPT for voice control
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
Mercedes-Benz (MBGn.DE) on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with some 900,000 vehicles that have the automaker's "MBUX" systems, ChatGPT will download over the air after drivers opt in via a Mercedes app or by voice command, the company said. Mercedes said ChatGPT would make its car system's answers sound more natural and would let drivers ask for destination information or address other queries, like what to cook for dinner. The automaker had previously let drivers and passengers issue a range of requests by voice, such as turning on seat heaters. Findings from the test program will inform Mercedes' plans for adding such artificial intelligence to other countries and in other languages, the company said.
Persons: Yves Herman, ChatGPT, Mercedes, Alexa, Jeffrey Dastin, Jamie Freed Organizations: Mercedes, Benz, REUTERS, Microsoft, General, Thomson Locations: Brussels, Belgium, Palo Alto , California, Bengaluru
ChatGPT will help Benz's voice assistant respond to more complex commands, the firm said. Starting Friday, some 900,000 Mercedes drivers in the US will be able to opt into a beta program and add ChatGPT capability to their cars through a software update. The German automaker says ChatGPT will augment its existing "Hey Mercedes" voice assistant, allowing it to respond to a wider variety of prompts and even conduct full-on conversations. I've had positive experiences with Mercedes-Benz's software in the past, and maybe ChatGPT will make it even better and more helpful. General Motors is also working on a ChatGPT-powered voice assistant for its cars, Semafor first reported.
Persons: ChatGPT, Smart, Mercedes, I've, Semafor Organizations: Benz, Morning, Mercedes, Motors
Mercedes-Benz and Microsoft to test ChatGPT in vehicles
  + stars: | 2023-06-15 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, available to more than 900,000 vehicles in the U.S., the companies announced Thursday. The luxury automaker said the emerging technology will be used for audio requests through its Hey Mercedes voice assistant, which is expected to greatly expand the system's capabilities. It is the first implementation of ChatGPT in a vehicle, according to a Microsoft spokesperson. Similar to other industries, the potential applications of ChatGPT in the automotive industry have emerged as a growing discussion. GM earlier this year said it was exploring use cases for ChatGPT in its vehicles as part of a broader collaboration with Microsoft, an investor in OpenAI, which created the technology.
Persons: Mercedes, Hey Mercedes Organizations: Mercedes, Benz, Microsoft, Motors, GM Locations: U.S, OpenAI
Verstappen wins in Spain to continue Red Bull sweep
  + stars: | 2023-06-04 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
Red Bull's Sergio Perez, Verstappen's closest rival in a season that looks sure to crown the dominant Dutch 25-year-old for a third time, finished fourth after fighting back from 11th at the start. The victory was Verstappen's fifth of the season, third in a row, third in Spain and the double world champion's 40th in Formula One. TALKING POINTThe form of the Mercedes drivers, with a re-designed car after a disappointing start to the season, provided a main talking point. Mercedes moved up to second in the championship on 152 points to runaway Red Bull's 287 and with Aston Martin dropping to third on 134. Ferrari's Charles Leclerc, who started from the pitlane after a nightmare in qualifying left him on the back row, finished 11th.
Persons: Max Verstappen, Albert Gea, Mercedes, Perez, Lewis Hamilton, George Russell, Bull's Sergio Perez, Verstappen, Carlos Sainz, Max, Christian Horner, McLaren's Lando Norris, Aston Martin, Hamilton, Russell, Ferraris, Sainz, Aston Martins, Lance, Fernando Alonso, Alonso, Alpine's Esteban Ocon, Alfa Romeo's, Zhou, Pierre Gasly, Yuki Tsunoda, Ferrari's Charles Leclerc, Alan Baldwin, Angus MacSwan, Pritha Sarkar, Ken Ferris Organizations: Prix, Spanish, Prix REUTERS, Spain Dutch, Mercedes, Barcelona's, Formula One, Hamilton, Aston, Alfa, Renault, Thomson Locations: Catalunya, Barcelona, Spain, Verstappen's, London
CNN —Mercedes secured its first double podium of the year as Lewis Hamilton finished second and George Russell third at the Spanish Grand Prix, another race once again won by a dominant Max Verstappen. “What a result for our team,” Hamilton told Sky Sports afterwards. “A sign of things to come hopefully,” Russell told Sky Sports afterwards. Really pleased to be on the podium.”Russell and Hamilton finished on the podium behind Verstappen. While Red Bull has exerted its dominance since, Hamilton finished sixth in the drivers’ championship last year and Russell finished fourth.
Persons: CNN — Mercedes, Lewis Hamilton, George Russell, Max Verstappen, ” Hamilton, , Ferrari’s Carlos Sainz, Russell, Sergio Perez, ” Russell, we’re, Hamilton, Verstappen, Hasan Bratic, Red Bull, Mercedes, Aston Martin, Ferrari, ” Mercedes ’, Toto Wolff, Bull, Organizations: CNN, Spanish, Sky Sports, Bulls, Prix, Aston, Ferrari, Getty Locations: Red, Abu Dhabi, British
Imola F1 race called off as floods devastate region
  + stars: | 2023-05-17 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
Last year's race drew a weekend crowd of 129,000 and 64,000 on the Sunday. Officials said at least eight people had died and thousands were evacuated from their homes in towns and cities across the region. The race was scheduled to be the sixth round of the season and the first in Europe. Red Bull have won every race so far and double world champion Max Verstappen is 14 points clear of team mate Sergio Perez. "We support the decision... safety to all those involved and in the region is paramount and has to take priority," the team said on Twitter.
LONDON, May 16 (Reuters) - Mercedes-Benz's (MBGn.DE) van unit said on Tuesday that it plans a new, scalable platform for its electric vans that will reduce fixed costs by 20% by the middle of the decade and that electric models should make up 50% of its van sales by 2030. Electric vans should make up 20% of sales by 2026, Mercedes' van unit said, adding it expects double-digit margins on zero-emission model sales by the end of the decade. All new midsize and large van models will be based on what Mercedes described as an "innovative, modular and scalable electric architecture" called VAN.EA. Legacy automakers got off to a late start with their commercial electric vans, opening the door for other electric commercial vehicle (ECV) makers to gain a foothold, such as the Maxus brand from China's SAIC Motor Corp (600104.SS) has done in Europe. Customer demand for electric vans has taken off and is expected to outstrip supply for some years to come.
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