The upcoming refresh of the Mercedes eSprinter electric van has been tested with impressive results on both range and efficiency. In fact, they’re almost too impressive to be believed.
The test was conducted by TÜV Süd, an independent testing agency, on a real-world route through the mountains in Southern Germany – from Stuttgart to Munich and back again. The drive happened in mid-October, before winter cold or inclement weather set in – rain and snow can both lower efficiency for all vehicles by increasing rolling resistance.
On the trip, the eSprinter traveled 475km (295 miles) with an additional 20km (12 miles) left in the battery at the end of the trip. This worked out to an efficiency of 21.9kWh per 100km, equivalent to 2.8 miles/kWh, or about 350Wh/mi.
This is extremely high efficiency for a high-roof van, keeping in mind that the most efficient EV passenger cars are rated at around 4 miles/kWh by the EPA and other electric trucks (like Rivian and the F-150) are rated at around 2 miles/kWh.
Doing the math suggests a capacity of 108kWh – less than the rumored 120kWh. So we suspect a “usable” capacity in the range of 110kWh, though it’s possible that the nominal capacity will be 115-120kWh and Mercedes will restrict some of it from use to protect longevity.
Regardless, if this test is to be believed, the new eSprinter will offer more than double the range of the previous eSprinter and much higher efficiency, to boot.
Mercedes already sells the eSprinter in Europe, but the 2024 model is getting a big refresh. The current version has two smaller battery options – 41kWh and 55kWh, good for 115km and 150km (71 and 93 miles) of range, respectively.
This makes the van useful for local last-mile or across-town delivery applications, which many of these vehicles are used for, but restricts it from longer or more difficult routes.
The 2024 model will get larger battery options covering a wider spread, rumored at 60/80/120kWh. The larger gap between the smallest and largest batteries will mean that purchasers can get a van more suited to their specific needs so that customers who only need to do local deliveries don’t need to waste money and weight on extra batteries. One of those needs could be overlanding – or “vanlife” – which is increasingly popular and would be much easier to do with the 2024 model’s larger battery options.
But we won’t find out exactly what specs and options will be until February when the van is officially unveiled by Mercedes. Production is scheduled to start in the second half of 2023, suggesting an availability of late 2023 or early 2024. In the US, these vans will be assembled in Charleston, South Carolina, crucially enabling it to qualify for the new EV tax credit from the Inflation Reduction Act.
Electrek’s Take
In fact, the increase in efficiency is so high that it’s hard to believe. The current eSprinter is rated at 1.6mi/kWh, and this test showed the 2024 model with an almost 50% increase in efficiency.
Frankly, we don’t know how this is possible, especially with a larger and, thus, presumably heavier battery.
It could be that Mercedes is holding back less battery capacity, giving more usable capacity to drivers, and that they also improved powertrain efficiency somehow. But with a roughly similar body, the van should have similar aerodynamic qualities, which is the main cause of energy loss while driving.
We don’t have any information on the driving style used, except that this was the normal route from Stuttgart to Munich in mixed conditions, including highways and mountain roads (with approximately 600m/2,000ft of ascent/descent).
So while this test was conducted by an independent agency, presumably using something similar to the WLTP protocol, it could be that they were actively attempting to drive efficiently and stretch the range of the vehicle. Presumably, the van was also unloaded, which would help with efficiency as well.
If we combine all of these dynamics – reducing battery holdback, improvements in powertrain efficiency, lack of payload, and most of all an efficient driving style – then it starts to become more believable, but that’s still a wild increase, nearly 50% from generation to generation.
So the old phrase applies: “Your mileage may vary.” This makes for another good lesson on EV efficiency – range is not set in stone; it depends heavily on many factors, not the least of which is driving style. If you find your EV’s range disappointing, one of the best places to look is your foot. Lay off it a little bit and you’ll go farther.
And while these test results are quite impressive and show that EV efficiency can, in fact, be higher in the real world than ratings suggest (depending on driving conditions), we’ll caution to wait until the van comes out before people get too excited about this. And Mercedes, in particular, might want to be careful about setting expectations high and potentially disappointing buyers, as other companies have received pushback when they’ve done the same.
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Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.
Eva Marie Uzcategui | Bloomberg | Getty Images
Block shares jumped in extended trading on Thursday after the fintech company increased its forecast for the year.
Here is how the company did, compared to analysts’ consensus estimates from LSEG.
Earnings per share: 62cents adjusted vs. 69 cents expected
Block doesn’t report a revenue figure, but said gross profit rose 14% from a year earlier to $2.54 billion, beatinganalysts’ estimates of $2.46 billion for the quarter. Gross payment volume increased 10% to $64.25 billion.
Block raised its guidance for full-year gross profit to $10.17 billion, representing 14% growth from a year earlier. In its prior earnings report, Block said gross profit for the year would come in at $9.96 billion.
The company expects full-year adjusted operating income of $2.03 billion, or a 20% margin. For the third quarter, the company expects gross profit to grow 16% from a year ago to $2.6 billion, with an operating margin of 18%.
Square payment volume in the quarter grew 10% from a year earlier.
Block faces growing competition from rivals such as Toast and Fiserv‘s Clover, though its Square business still gained share during the quarter in areas such as retail and food and beverage.
Block shares were down 10% this year as of Thursday’s close, while the Nasdaq is up 10%. Last month, Block was added to the S&P 500.
Until GM builds its own, the new Chevy Bolt EV will use lower-cost LFP batteries from China’s CATL. GM will temporarily lean on CATL to power its most affordable electric vehicle.
The new Chevy Bolt EV will use batteries from China
The new Chevy Bolt EV is set to begin rolling off the production line at GM’s assembly plant in Fairfax, Kansas, later this year.
GM’s CEO Mary Barra promises the new EV will arrive with “substantial improvements,” including longer range, faster charging, and a stylish new look. It will also be the company’s first EV based on the Ultium platform to launch with LFP batteries in North America.
Although the batteries were initially expected to be made in-house, it appears that GM will import them from China, at least for the next few years.
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A new report from The Wall Street Journal claims GM will import LFP batteries from CATL to power the new Chevy Bolt EV over the next two years.
According to sources close to the matter, GM will rely on CATL for batteries until it begins producing more affordable EV batteries in collaboration with LG Energy Solutions in 2027.
2022 Chevy Bolt EUV (Source: GM)
“To stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,” a company spokesperson said. The statement added that “For several years, other US automakers have depended on foreign suppliers for LFP battery sourcing and licensing.”
Ford is licensing technology from CATL to produce LFP batteries in Michigan, which will power its next-generation electric vehicles.
GM plans to build a “next-gen affordable EV) in Kansas (Source: GM)
Given Trump’s new tariff and trade policies, GM will face hefty import costs from China. According to Sam Abuelsamid from auto research firm Telemetry, combined with other cost-cutting measures, “the new Bolt with Chinese batteries may still be marginally profitable or “close enough.” He added that “It may be that the economics work for GM to do this on a temporary basis.”
Just over a week ago, Chevy offered a sneak peek at the new Bolt EV with the first teaser images. It’s scheduled to enter production later this year and will arrive at US dealerships in 2026.
Although GM has yet to announce prices and specs, the new Bolt EV is expected to start at around $30,000 with a range of around 300 miles. It will also be the second GM electric vehicle, following the Cadillac Optiq-V, with a built-in NACS port for charging at Tesla Superchargers.
Electrek’s Take
Chinese battery makers, including CATL and BYD, are dominating the global market with lower-cost and more advanced tech.
According to new data from SNE Research, CATL and BYD widened their lead in the first half of 2025. CATL held the top spot with a 37.9% market share while BYD was second at 17.8%.
The combined market share of South Korean battery makers, LG Energy Solution, SK On, and Samsung SDI, fell to 16.4%, a 5.4% decline from the first half of 2024.
Although the deal may work out in GM’s favor, it still highlights the significant gap between US auto and battery makers and their Chinese counterparts.
Meanwhile, GM’s current most affordable electric model, the Chevy Equinox EV, is expected to be among the top three best-selling EVs in the US this year, behind the Tesla Model Y and Model 3. GM calls it “America’s most affordable 315+ range EV” with starting prices under $35,000.
Will the new Bolt EV see the same demand? With prices expected to start at around $30,000, it will be one of the lowest-priced electric vehicles in the US.
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Despite a full lineup of electric models rolling out, Cadillac now plans to keep offering at least one popular gas-powered SUV.
Cadillac XT5 SUV will keep a gas engine in the US
GM’s luxury brand was supposed to go all-electric by the end of the decade. Although it already walked back its commitment last year, Cadillac has now confirmed which popular gas SUV will stick around a while longer.
The Cadillac XT5, the brand’s best-selling vehicle outside of the Escalade, will continue to be sold in North America.
The news was first reported by The Detroit Free Press, which cited a recent memo from GM to UAW workers. Although Cadillac had planned to end XT5 production at the end of the year, GM informed workers that it will continue to be built until the end of 2026.
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The current Cadillac XT5 will continue to be sold until the 2027 model year arrives in the US, which will still feature a gas engine.
Cadillac Optiq EV (Source: Cadillac)
It could arrive as a potential hybrid, similar to the XT5 sold in China, which features a 2.0L turbocharged engine combined with a 48V electric motor. No fully electric version was mentioned.
GM will continue Cadillac XT5 production in Spring Hill, Tennessee, alongside the Lyriq and Vistiq electric SUVs.
2026 Cadillac Vistiq electric SUV (Source: GM)
Cadillac claims to be the leading luxury EV brand in the US with a full lineup of electric SUVs. However, that doesn’t include Tesla. The luxury brand now offers the entry-level Optiq, mid-size Lyriq, three-row Vistiq, and even larger Escalade IQ and IQL electric models.
In the first half of the year, nearly 25% of Cadillac vehicles sold in the US were electric. The XT5 was Cadillac’s second-best-selling vehicle, with over 12,700 units sold. The Escalade was its top seller with over 24,300 models sold through June.
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