Mercedes Has A Serious Tesla Fighter Coming "Soon"

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Battery-powered vehicle could offer up to 311-mile range.

Mercedes-Benz has just confirmed that it is hard at work developing an electric vehicle with a range of 400-500 kilometers (228-311 miles) that could aim directly at Tesla, according to German publication auto motor und sport. Speaking to the magazine, MB's development chief, Thomas Weber, said: "We are working on an intelligent concept for a highly attractive electric vehicle". Daimler has designated nearly half of its R&D budget in the past years to the development of low-emissions vehicles, including EVs and hydrogen fuel cell vehicles.

Weber promised that the car, or cars, would be arriving "soon". Apparently, the company's modular platform will allow it to develop not just one model, but to apply it to several vehicles simultaneously. Mercedes has been involved in electric vehicles for quite some time and was even working closely with Tesla for a while until they finally severed ties last year. In addition, the company is expected to roll out 10 new plug-in hybrids between now and 2017, all in the hopes of meeting the stricter emissions regulations required of European automakers. With Tesla finally introducing more than just the Model S, an onslaught of luxury EVs from Mercedes could become its worst nightmare.

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