Shocking news coming up from the Mercedes-Benz side. The company was said to reduce its investment in electric vehicle platform development, with a decision not to push ahead with plans for its new MB.EA Large architecture, according to reports in Germany.
Mercedes-Benz changed its EV plan
Earlier it was reported that this platform, planned to be launched in 2028, was earmarked to underpin successors to the existing EQE and EQS saloons and SUVs. As first reported by Handelsblatt, the development of the MB.EA Large platform has been cancelled.
This all happens due to the poor sales of its electric vehicle. The investment savings brought by halting the development and infrastructure changes at its production sites to accommodate the new platform are estimated to be between €4 billion and €6 billion (roughly £3.44bn and £5.16bn).
Mercedes-Benz originally planned to develop two versions of MB.EA – the MB.EA Medium for the upcoming EQC saloon and SUV, and the MB.EA Large for the larger, more luxury-focused cars. For your information, the company also postponed its target of achieving a 50% EV (plug-in hybrid and electric vehicle) share of sales in 2025 to 2030. Mercedes rolled back on its plans to become an EV only brand by 2030.
