Mercedes-Benz

Last month, there were rumors that Mercedes-Benz would build its next-generation models based on Nio's standards, though this was quickly denied by Nio.

Due to a software issue, the ESP internal monitoring program in the vehicles covered by this recall may incorrectly determine a malfunction at the start of the driving cycle.

A fake rumor yesterday claimed that Mercedes-Benz will use Nio's battery swap network and will build its next-generation models based on Nio's standards.

The EQE SUV is priced at about half the price of the EQS SUV that Mercedes-Benz launched in China on February 21.

The first product of the F brand will be launched within the year and will focus on the off-road segment, according to local media.

The EQS SUV is the latest offering from Mercedes-Benz in China, where it has previously released several all-electric models that have had lukewarm sales.

Tesla Model Y retail sales in China were 14,184 units in January, while Model 3 sales were 12,659 units.

Just a month ago, Mercedes-Benz lowered the prices of all three versions of the EQE by about RMB 50,000.

Despite the steep price cuts, industry watchers remain pessimistic about the performance of the Mercedes-Benz EQ series in China.

Mercedes-Benz issued a recall in February after dozens of Mercedes-Benz EQC owners protested the motor failures they experienced in January.