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Mercedes' (DDAIF) EQS SUV to Come to U.S. Market by 2022 End

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Mercedes-Benz Group AG recently unveiled its latest electric SUV, the Mercedes-Benz EQS. The addition is the flagship electric vehicle (EV) in the company’s global portfolio. The EQS electric SUV will roll out in the U.S. market by this year-end. The company has shared many interior images that customers can expect in the new SUV.

The EQS electric SUV is based on Mercedes-Benz’s dedicated EV architecture platform that also forms the basis of the EQS and the EQE sedans.

The Mercedes-Benz EQS SUV is familiar to Mercedes-EQ and the EQS luxury sedan and is equipped with modern features. The EQS electric SUV boasts LED taillights, and on the inside, it gets Mercedes-Benz’s MBUX Hyper-screen with three large displays.

It also has an instrument cluster, a central infotainment unit and a front passenger display and can accommodate seven passengers. Moreover, there are three versions of the powertrain – the EQS 450+, EQS 450 4Matic and EQS 580 4Matic. The base EQS 450+ is supposed to offer a range of 536 km-660 km per charge.

The EQS 450 4Matic offers 355 hp of power along with 800 Nm of torque and a supposed driving range of 507 km-613 km on a full charge. The EQS 580 4Matic version develops 536 hp of power and a stunning 858 Nm of peak torque and offers a range of 507 km to 613 km on the WLTP cycle.

In its forthcoming plans of bolstering EV capacity, the company said that the next S Class of Mercedes vehicles and beyond will be all electric. Another version of the EQS SUV, the Maybach, is also expected to hit markets shortly. This version has its own design language compared to the Mercedes-Benz EQS, as the hardware and the user interface have their own branding. The ride handling will also be different than the Mercedes version.

Mercedes-Benz Group is indeed on the path of roaring success in the EV space and is inching closer to being a top-notch player.

Shares of DDAIF have lost 20.2% over the past year compared with its industry’s 12.7% decline.

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Zacks Rank & Key Picks

DDAIF currently carries a Zacks Rank #3 (Hold).

Better-ranked players in the auto space include BRP Group, Inc. (DOOO - Free Report) , sporting a Zacks Rank #1 (Strong Buy) and CNH Industrial (CNHI - Free Report) and Standard Motor Products (SMP - Free Report) , each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BRP Group has an expected earnings growth rate of 9.1% for fiscal 2023. The Zacks Consensus Estimate for current-year earnings has been revised around 7.9% upward in the past 60 days.

BRP Group’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. DOOO pulled off a trailing four-quarter earnings surprise of 68%, on average. The stock has declined 10% over the past year.

CNH Industrial has an expected earnings growth rate of 1.5% for the current year. The Zacks Consensus Estimate for current-year earnings has remained stable in the past 60 days.

CNH Industrial’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. CNHI pulled off a trailing four-quarter earnings surprise of 63%, on average. The stock has risen 1.5% over the past year.

The Zacks Consensus Estimate for Standard Motor’s current-year earnings has been revised around 0.2% upward in the past 60 days.

Standard Motor’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. SMP’s pulled off a trailing four-quarter earnings surprise of 60.4%, on average. The stock has risen 0.1% over the past year.


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