Mercedes-Benz plans to introduce cheaper electric cars

German luxury car manufacturer Mercedes-Benz plans to switch to using less powerful batteries in the first categories of its electric cars to contain the increase in the prices of some metals.
And the Automotive News website, which specializes in cars, quoted Ola Kallenius, CEO of the German company, that his company will use lithium iron phosphate batteries in the new generation of its electric cars, such as the EQA and EQB, in 2024 and 2025.This type of battery does not require the more expensive nickel metal, which at the same time increases the range of the electric car and is used in models such as the EQS, the full electric version of its popular S-Class.

Kallenius is betting that customers will accept a lower range in return for a cheaper price, with the price of base metals rising.

“We think there will be a lot of customers who live in urban areas that don’t need the E63 AMG,” Kallenius said, referring to Mercedes’ high-performance sedans. Powered by lithium iron phosphate batteries, in the future.

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