Daimler CEO reveals “electric product offensive”
Daimler CEO, Dieter Zetsche, has used the Paris Motor Show to unveil Mercedes-Benz's plans to take on Tesla with a new range of up to 10 electric vehicles (EVs), under the EQ brand. The €1bn ($1.1bn) scheme will see EVs make up 25% of Mercedes' output by 2025, as the carmaker aims to appeal to buyers and meet increasingly tight European regulations. Mercedes' SUV has "some" autonomous features, an impressive range of 500km, and a starting price of around $39,150.

Mercedes-Benz just made a huge move to take on Tesla.

The German automaker unveiled its all-electric SUV concept at the Paris Motor Show Thursday, and with a competitive price tag and solid range potential, it's poised to become a big competitor in the EV space.

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