Mercedes-Benz Powers Up With 123% Surge In Q2 EV Sales On Spectacular US Demand
Portfolio Pulse from Anan Ashraf
Mercedes-Benz Group reported a 123% surge in Q2 EV sales, selling 515,700 vehicles, including 56,300 battery-electric vehicles. The increase was driven by demand for battery electric and top-end vehicles. In the U.S., sales increased by 6% to 88,100 units, with EV sales jumping 697%. However, overall sales outside Europe, Asia, and North America are down 18% due to the company's withdrawal from Russia. Mercedes also announced that North American customers will have access to the Tesla Supercharger network starting in 2024.
July 12, 2023 | 5:48 am
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Mercedes-Benz's Q2 EV sales surged 123%, driven by increased demand. However, overall sales outside Europe, Asia, and North America are down 18% due to the company's withdrawal from Russia.
The surge in EV sales, particularly in the U.S., indicates strong demand for Mercedes-Benz's electric vehicles, which could positively impact the company's stock. However, the company's decision to withdraw from Russia has led to a decrease in overall sales outside Europe, Asia, and North America, which could negatively impact the stock.
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