Mercedes-AMG has officially launched its third EV model and first all-electric performance SUV with the EQE. I previously tested out the Mercedes-Benz EQE SUV, so you know I had to take the AMG version out for a spin to see how it compares. Here are my thoughts.
The AMG EQE SUV was announced alongside the debut of its standard Mercedes-Benz version back in October of 2022. At the time, we learned the AMG version would arrive with less range compared to the EQE SUV (more on that later), but with higher performance.
This includes new air suspension, steering, and stabilization technology, as well as unique aesthetic design features inside and out. By March, we learned pricing of the American-made EQE SUV, which could qualify for federal tax credits at its most basic configuration.
That will not be the case for the AMG EQE SUV as it arrives with bolstered performance and advanced features. This past spring, I got the chance to be one of the first to drive the EQE SUV in Portugal and was a big fan, so it was a no-brainer when Mercedes asked me to visit Southern California and experience the AMG version. Here are some images from my drive.
The AMG EQE SUV looks and plays the sportier role
The Mercedes-AMG EQE SUV not only arrives as a profound demonstration in initialisms, but as the dual-motor, performance version of a mid-size SUV that has yet to make its own impact on the US market. The dynamic 4MATIC+ AWD experience synonymous with the AMG name stems from the EQE SUV’s synchronous motors, which combine for up to 677 hp and 738 Nm of torque (in RACE START mode).
Unique features implemented on the first electric performance SUV include front and rear AMG Ride Control+ air suspension, an adaptive damping system, and Active Ride Control roll stabilization. The AMG EQE SUV also features Mercedes’s unique MBUX curved Hyperscreen, where the passengers can control six different driving characteristics, via the following AMG Dynamic Select programs that control the suspension setup:
Drive Program
AMGEQE SUV Output Level
Slippery
50% (308 hp)
Comfort
80% (493 hp)
Sport
90% (555 hp)
Sport+
100% (617 hp)
RACE START without Boost function
100% (617 hp)
RACE START with Boost function (AMG DYNAMIC PLUS Package req.)
110% (677 hp)
The AMG SUV is slightly longer and taller than the standard Mercedes-Benz version, but not enough that that you’d even notice. As you can see in the images above, the exterior features AMG’s unique black panel radiator grille with vertical chrome struts to match the other two performance EQ models, as well as a brand-specific emblem on the hood instead of the three-point star.
When you open and close the vehicle, the SUV’s Digital Light headlamps feature an AMG-specific projection, but it was tough to see and film during the day. There are also plenty of unique details in the AMG EQE SUV’s interior, starting with the images I snapped below.
An AMG interior that is more sporty than luxurious
As you may have noticed, the MB-Tex microfiber textiles throughout the interior are a far cry from the bright white leathers I experienced in the Mercedes-Benz EQE SUV earlier this year. The seat patterns, red seatbelts, and topstitching are all AMG-specific elements. I personally would have preferred the original leather as I found the microfiber a bit warm in the California weather, and the fabric does not allow for one of my favorite features while test driving – air-conditioned seats.
The steering wheel features of the only leather inside the SUV, complimenting a flattened wheel bottom, perforated grip areas, and silver aluminum paddles for adjusting regenerative braking levels. As you’ll see below, the AMG steering also features digital buttons that control the aforementioned drive programs.
Other unique interior features for the AMG version include unique displays in the instrument cluster and quick access to Dynamic Select in the center console (see display images above). The AMG EQE SUV also features Dolby Atmos sound, offering a 360-degree listening experience (as long as the song you’re listening to is compatible).
Aesthetics are one thing, but how does the AMG drive compare standard EQE SUV. Well, let me tell you.
AMG EQE SUV performs better, but is it worth the money?
Obviously the answer is subjective depending on your driving and performance preferences as well as the all-important factor of budget, but for me personally I’m not so sure. My drive day with the AMG EQE SUV was a fun one, but not a particularly memorable one.
Sure, the AMG definitely delivers better performance than the standard EQE SUV, but that’s a relatively low bar in terms of EV specs – and the gap isn’t as wide as I originally expected. The AMG-specific dual motors provide significantly more hp (617-677 vs. 288-402 hp), and the splitting of the roll bar from front to back allows the system to be connected and torsioned together for more sportiness, but this remains a heavy, lumbering EV in my opinion nonetheless.
Sport and Sport+ were absolutely dynamic and fun to experience, but I took a couple of turns a little too quickly and admittedly puckered up for a second – you definitely feel the weight of the Mercedes-Benz EVA platform, even with its “AMG treatment.”
The ride itself was smooth, although I found the regenerative braking in the AMG version jolty and annoying at times, depending upon which drive program I was in. It felt as if it wanted to be one pedal driving, but couldn’t make its mind up. This was a different sensation from the standard Mercedes-Benz EQE SUV.
ADAS system worked stupendously, seamlessly switching lanes on the highway while maintaining speeds and adjusting to the flow of traffic around me. I also love the head-up display (HUD), which is one of the more robust in the industry in my opinion. It compliments an MBUX complete with navigation that remains one of the very best. I never have to use Apple CarPlay in a Mercedes EV – that’s rare. Here’s the HUD in action:
All that said, there’s one huge hurdle in our way as we try to compare the AMG EQE SUV to its standard predecessor – Mercedes-AMG is not yet sharing pricing. Even so, it’s easy to wager that the AMG version will cost more than most trims of the Mercedes-Benz EQE SUV, and I’m personally not sure its worth it – especially since the latter is already such a well designed EV.
Electrek’s Take
Overall, I like the look of the Mercedes-AMG EQE SUV inside and out, but also felt like its sports car interior didn’t quite fit the level of performance (or lack thereof) this EV offers. I’d personally save my money and go for one of the Premium versions of the Mercedes-Benz EQE 350 SUV, depending on whether you want 2WD or 4WD – might be able to snag those tax credits, too.
Aside from the better motors and AMG Ride Control+, a lot of the same technology is present in the standard EQE SUV, including a heat pump and damping – it’s just slower off the starting line. Sure, the AMG version can go 0-60 mph in an estimated 3.4 seconds (using Race Start), but are you buying a mid-size luxury SUV to haul ass at every green light?
I’d take the 6.3 seconds with the EQE 350+ SUV for the 279 miles of range. Can AMG’s version beat that? It remains to be seen as the performance automaker has yet to divulge that information, which is interesting. The provisional range was expected to be between 233-292 miles (WLTP), another big reason why I’d probably lean toward the Premium 350+ or 350 4MATIC.
I think there will always be a place for AMG vehicles, especially as the growing lineup of EVs opens the door to better performance opportunities – we’ve already begun to see this potential in the AMG EQS and EQE sedans. When it comes to the EQE SUV however, I’d rather save my money on the Mercedes-Benz version and don’t think I’d miss anything in the AMG model.
We will have to see how pricing plans out and how the different models compare financially.
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French equipment manufacturer Manitou has committed to a joint venture with Chinese forklift manufacturer Hangcha that will see the two companies develop and manufacture advanced lithium-ion batteries to support the electrification of the heavy material handler space.
Manitou is well-known in the West, so they need no introduction. Hangcha, though, is arguably just as capable of a company, having opened its first forklift plant in 1956, manufacturing others’ designs under license. They developed their own, in-house material handler in 1974, and have racked up hits ever since. Hangcha is currently the world’s eighth-largest manufacturer of industrial vehicles globally (sounds wrong, but here’s the source).
The plan for the JV is to upgrade the two companies’ deployed fleets of existing lead-acid battery-powered vehicle with longer lasting lithium-ion (li-ion) batteries to expand their operational lifespan. From there, the focus could switch to diesel retrofits and, eventually, the joint development of entirely new products.
“Deepening strategic cooperation with Manitou Group and jointly establishing a lithium battery joint marks a new phase in the partnership between the two sides, which is a milestone in Hangcha global industrial layout,” explains Zhao Limin, Chairman and General Manager of Hangcha Group. “Leveraging Hangcha’s core technological and manufacturing strengths in lithium battery solutions, we will collaboratively enhance solution capability of new energy industrial vehicle power systems. This partnership perfectly aligns with our shared objectives to accelerate electrification transformation and drive sustainable development, while providing robust support to the broader industrial vehicle market.”
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Manitou MHT 12330
MHT 12330 with 72,750 lb. lift capacity; via Manitou.
Once production begins, the joint venture factory will play a key role in supporting Manitou Group’s “LIFT” strategic roadmap. LIFT aims to expand Manitou’s electric vehicle lineup of telehandlers and forklifts, and have EVs account for 28% of total unit forklift sales by 2030. Hangcha Group, meanwhile, has publicly stated its intention to become 100% electric by the end of 2025.
This joint venture plans to recruit employees including engineers, operators, sales representatives and after-sales service technicians. Le Mans Metropole will support the recruitment and local integration and training of future employees.
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Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their lack of knowledge of how the market works is painful. Their shoddy knowledge of market history would never be tolerated in any classroom. They are, what we used to call at The Harvard Crimson, “filler-up stories,” meaning stories that had to be written because copy was needed. In truth, while the deadline looms, there is no relation between the highly valued stocks and the events at hand. I actually expect severe news about South Korea and Japan before Aug. 1 — the Trump administration’s “hard deadline,” in the words of Commerce Secretary Howard Lutnick, for when new country-specific duty rates will come into effect. Korean car companies “make” vehicles here, but the White House would argue to you that all they do is assemble them here, while the more highly valued pieces of a car are made in the home country. Japan makes even less here but is defended, like Korea, by our soldiers, and I could see President Donald Trump invoking that fact to put on some capricious number — call it 35% tariffs on their imports — because that level is eye-grabbing. So, I doubt we’re even going to get to the drop dead date of Aug. 1 without more drama. Does anyone who trades or invests think that the tariffs will influence the most highly valued stocks, none other than my newly minted cohort called PARC — Palantir , Applovin , Robinhood and Coinbase ? These all have room to run because if you are willing to pay 100 times earnings it means nothing to pay 200. That’s the gospel. How can these writers not know that? Can Palantir be stopped by Canadian tariffs? Oh please, and if crypto gets knocked down, it will get up again. It’s never going to keep that down. Let’s flip this moment on its head and question what’s buoying the near-record market as second-quarter earnings season picks up steam (we have five Club names reporting this week). I have 10 things on the list, some already happening and others more forward-looking. First, and most obvious: earnings have been terrific. Yes, there is an occasional Abbott Labs , which was brutalized by China, or Netflix , which was challenged by sky-high expectations. But the banks have set the tone, and the pastiche that closed out the week all came in very strong. I expect that to continue, with the only potential weak spot being the drugmakers. Just not enough blockbusters and some very weak pipelines. It’s been a brutal year for health care overall, sitting last among all 11 sectors in the S & P 500 . Second, Trump’s “big beautiful bill” contains so many provisions that will boost the economy that I think we need to rethink the possibility of a hobbled consumer. Consider these: An extension of the 2017 tax cuts that were set to expire at the end of this year, which could’ve resulted in an effective tax increase across income cohorts. This is particularly helpful for those who make less than $100,000. A tax deduction worth up to $25,000 for employees who earn tips, a huge win for the working class. Millions of U.S. workers stand to benefit from this. Increased standard deduction to $31,500 (from $30,000) for married joint filers and $15,750 (from $15,000) for single filers. That can make taxes easier to figure out and deliver a bigger benefit. Max child tax credit of $2,200 per child, up from $2,000, which impacts around 40 million families. Expanding 529 savings plans to cover workforce credentialing programs in areas like the trades. A new deduction on car loan interest for vehicles made in the U.S., capped at $10,000 a year. For higher earners, the size of the deduction is reduced. Tax-advantaged savings accounts for newborns, the so-called “Trump accounts.” Some tax relief for seniors on Social Security benefits. These are huge benefits that will pump hundreds of billions in the U.S. economy and it’s like no one ever cares. Tariffs are important. But these put money in the hands of spenders. Third, business get more tax relief on spending, building and research-and-development costs than anyone expected. Accelerated deductions and credit for building things will set off another boom. I talked about these in a previous piece . Every time I have ever seen this kind of relief, it generates far more spending and jobs than anyone expects. Fourth, we seem to be oblivious to how countries are signaling to Washington that they are going to make their companies build here in order to get some relief from the White House. There’s also re-shoring to contend with. Sure, the White House may be circumspect about an Apple putting $500 billion into the U.S. economy in the next four years, but I’m not. Fifth, the amount of building that needs to be done for data centers and for the electric grid are so gigantic that they might be considered the equivalent of the biggest public works campaigns in history, and they include a huge labor component not often addressed. Don’t forget that nuclear power overhauls are gigantic projects. Sixth, the Federal Reserve’s new stress tests for banks will allow them to lend far more than they currently do. We forget how much heat there has been on the banks in the wake of the financial crisis to be incredibly conservative. That’s over. Seventh, the opening of all sorts of land for drilling and the approval of a huge number of new pipelines will create a second renaissance of the U.S. energy sector. Eighth, two industries have so much business and are so important to the U.S. economy that they will be colossal sources of work: aerospace, where Boeing has to expand to meet new orders, and defense, where we are depleted by Ukraine. A heavy component in this sector is new kinds of weapons including drones. Ninth, the initial public offering market is primed and ready, and I think can create new jobs and new wealth for employees and sustained profits for the investment banks, which is why they are such great buys. We own Goldman Sachs for the Club. And finally No. 10, it’s been so easy to bet against stocks for so long because the Biden administration had been so anti-business, particularly when it comes to mergers and acquisitions. That’s over. Now short-sellers will be incredibly scared to lean on stocks. Witness the rally in the railroads last week that crushed shorts banking on weaker transport earnings. Now, again, Trump seems to do whatever is necessary to derail us in astounding fashion. But we need to think more creatively. When we hear talk of him firing Fed Chair Jerome Powell, what you need to think is that no matter what, lower rates lie ahead. I don’t think it will be because of a weaker economy because of what I just detailed, but because Trump wants to have a gross domestic product boom so he can say we are the fastest-growing, most-powerful country in the world. That’s what Make American Great Again stands for. Even if you think it is a gigantic fraud, remember that Trump — through a gigantic hole in the budget and pro-business agencies — has created the circumstances that could lead to the opposite of what the “filler-up stories” say will happen. (Jim Cramer’s Charitable Trust is long GS and ABT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
New car buyers like to talk about the latest tech and resale value, but most people don’t buy new cars. The used car market is 3x bigger than new, and if you’re content to let the last guy take that big depreciation hit by scoring a great deal on a reliable, low-mile used car you could save thousands on your next EV.
But looking into the data shows trends that are much closer to the kind of think you’d expect to see before COVID, with high-end luxury models like S-Class Mercedes that trade on being new and shiny taking massive depreciation hits and more mainstream offerings from brands like Toyota and Honda that trade on economy and reliability holding strong.
That usual luxury brand hit seems like it’s being compounded over at Tesla, where Elon Musk’s highly publicized political leanings have polarized support for the brand, and alienated a huge portion of the market. Demand for new and used Tesla vehicles has plummeted, and iSeeCars reports that the Tesla Model S suffered the biggest percentage price drop of all makes and models over the last twelve months, showing the pioneering electric sedan’s average price in June 2025 at $46,700, nearly 16%, or $8,800 lower than it was 12 just months earlier.
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This isn’t a post about Tesla, though (not intentionally, at least). Instead, it’s about those EVs that have lost the most value since they were first sold new five-ish years ago. So, if you’re looking for a great deal on a pre-loved EV, you could do a lot worse than the list, below, presented in order from biggest “loss” of value.
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