Mercedes-Benz USA released its second quarter 2023 sales results, indicating an over 600% jump in EV sales. Electric vehicles now account for 15% of overall Mercedes-Benz passenger vehicle sales in the US.
Mercedes-Benz sees EV sales growth in the US
Despite several US automakers seeing a drop in EV sales from the first quarter, Mercedes-Benz continues to see higher demand.
The German automaker sold 11,927 electric vehicles in Q2 2023, up 608% from the second quarter of last year. After EV sales in the US climbed 251% in the first quarter to 7,341 units, Mercedes has now sold a total of 19,268 electric models through the first half of 2023.
Mercedes has five electric vehicles (EQ), with one in every category across its lineup. Currently, the automaker offers the EQS sedan, EQS SUV, EQB, EQE sedan, and EQE SUV.
The EQS SUV continues building momentum leading the way with 3,077 units sold. Meanwhile, the EQS sedan saw sales grow 25% over last year, with 2,456 models sold in Q2.
Mercedes-Benz EV
Q2 2023 sales
Year-to-date (YTD)
EQS Sedan
2,456
4,539
EQS SUV
3,077
5,490
EQE Sedan
1,682
2,990
EQE SUV
2,845
2,845
EQB
1,867
3,404
Mercedes-Benz EV Sales in the US Q2 2023 (Source: Mercedes-Benz USA)
Mercedes says “sustained demand” for its EQ and top-end vehicles helped propel top-end growth. Commenting on the progress, Dimitris Psillakis, president and CEO of Mercedes-Benz USA, said:
We are very encouraged by the exponential demand of our electric vehicle line-up and Top-End offerings. Especially, the EQS SUV and EQE SUV, both proudly manufactured in Alabama, continue to advance our electric offensive and welcome new customers to the Mercedes-Benz brand.
The news comes after American automakers Ford and GM both saw a decline in EV sales quarter over quarter (QOQ).
General Motors sold 15,652 EVs in the second quarter (13,959 were Bolt EV/EUVs), down from 19,700 in the first three months of the year. GM’s CEO Mary Barra said last month that battery production is holding the automaker’s production back, with Hummer EV sales down 83% YOY.
Meanwhile, Ford’s EV sales fell by 2.8% QOQ, slipping behind both GM and Hyundai/Kia in the US EV race. Ford sold a total of 14,843 EVs, down from 15,273 in the first quarter.
Ford said the slip in sales comes as its Mexico plant, where it has been retooling to ramp Mustang Mach-E production, is just coming back online. Andrew Frick, VP of sales distribution, commented on the situation, saying, “Improved Mustang Mach E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year.”
Like Ford and GM, Mercedes-Benz recently announced it would adopt Tesla’s NACS connector in North America starting in 2025, giving buyers access to Tesla’s Supercharger network.
Electrek’s Take
While Ford and GM are making excuses as to why EV sales are falling, Mercedes-Benz seems to be doing just fine. The automaker continues ramping up EV sales at a consistent pace.
Mercedes covers all segments with its portfolio of electric vehicles. Demand is building for top-end luxury EVs as consumers look for the latest in tech and software, and Mercedes is capitalizing on it.
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It’s been a busy time for the North American EV industry’s transition to NACS, the charging standard originally advanced by Tesla and now standardized by SAE.
But this past couple weeks were supposed to be even busier, with Kia having previously planned to roll out Supercharger access on January 15th, according to an announcement the company made back in September. Unfortunately there was a delay, and Kia owners will have to wait until later this quarter for official support.
In the meantime, though, owners had found that you could trick the system into letting you charge by telling it that you have a Hyundai. Hyundai and Kia both build their EVs on the same E-GMP platform, so there are a lot of similarities between them.
Kia, like Hyundai, is also in the process of shipping some of the first vehicles with a native NACS port, with the 2025 EV6 including a native NACS port, much like the 2025 Ioniq 5 does. So this similarity seemed to be able to trick the Supercharger network, and Kia EV6s could charge on it for a little while, assuming use of a third-party adapter.
But that method no longer works, according to several Kia owners. Now, when attempting to charge at a Tesla Supercharger with an EV6 and adapter, the Tesla app will tell you “Unknown error occurred – Your vehicle is not able to charge at Superchargers at this time.” This has been confirmed to be the case even on Supercharger sites that were previously working.
Probably one of the reasons for this is the use of third-party adapters. While third-party adapters are available, manufacturers are always wary when owners use non-verified equipment – especially when it’s related to the most expensive part of the car, the battery.
Kia themselves told us that “warranty coverage may be impacted by use of a third party or aftermarket adapter, and we expect to have our authorized version available in late Q1 2025” when we contacted them about our previous article (though we’re not sure how that would shake out legally – there are a lot of laws covering car warranties and what can and cannot void them).
This isn’t the first time we’ve seen some mix-ups with Supercharger access. Last November, Tesla announced that Nissan cars had access to Superchargers, but it turned out they jumped the gun. Everything is hunky-dory now for Nissan, and it seems like a bunch of new brands will gain access in the coming months, but we expect a few more fits and starts along the way (chaos tends to happen when you fire the whole Supercharger team for no reason).
But, once EV6s do gain access to Superchargers, we expect to see them show exceptional charge performance. The EV6’s cousin, the Ioniq 5, recently showed that it can charge faster than a Tesla, even on Tesla’s home turf. The EV6 should be able to accomplish similar feats, once it is unleashed onto North America’s biggest charging network.
If you’re looking to buy one of the fastest-charging EVs on the road today, use our link to check local dealers and get in line for when they get the new 2025 Kia EV6s in stock.
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Jaguar Land Rover’s investment arm InMotion Ventures has invested $2 million in rare earth magnets recycling company Cyclic Materials, bringing its Series B funding round to $55 million.
Jaguar Land Rover’s InMotion Ventures has invested in a range of technologies including supply chain traceability, battery repair, reuse and recycling, and now, rare earth magnets recycling.
“Cyclic Materials is leading the way in creating a sustainable supply chain for rare earth elements (REEs) and critical materials,” said Mike Smeed, managing director at InMotion Ventures. “Their innovative technologies address a vital need for rare earth magnets recycling, supporting the automotive industry’s transition toward a cleaner and more resilient future.”
Cyclic Materials says it will use the investment to accelerate the expansion of its operations across North America and Europe, boost its processing capabilities, and refine its recycling technologies.
This Series B extension builds on Cyclic Materials’ earlier $53 million round that already has the backing of BMWi, Microsoft, and Hitachi.
Rare earth magnet recycling
Rare earth magnets are a type of permanent magnet made from alloys of REEs, which are part of a set of 17 chemical elements in the periodic table. Rare earth magnets, particularly neodymium magnets, are essential in electric traction motors in EVs. Their strong magnetic fields help deliver high performance and efficiency, which extend an EV’s driving range and reduce battery load.
Rare earth magnets can also be found in everything from data centers and wind turbines to cell phones and power tools.
However, less than 1% of REEs are currently recycled, while the global demand already exceeds supply and is projected to grow threefold by 2030. Ontario-based Cyclic Materials says its proprietary MagCycle and REEPure technologies recycle REEs from a wide range of end-of-life products, establishing a circular supply chain for recycled Mixed Rare Earth Oxides.
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Nissan plans to buy 20 GWh of batteries from SK On, enough to power around 300,000 EVs to be sold in the US. However, after delaying EV production in the US again, when will the new EVs finally arrive?
Nissan revealed plans to invest $500 million in its Canton, Mississippi, plant almost three years ago to prepare the facility for its newest electric vehicles.
Production was initially set to begin in Canton this year, but Nissan pushed the start date back until 2026 last January with concerns over profitability and EV demand. According to the Madison County Journal, the company is now pushing the start date until 2028.
Just yesterday, an Automotive News report claimed Nissan was also canceling plans to build a smaller electric SUV in the US. The SUV was expected to sit between the LEAF and Ariya.
The smaller electric SUV was expected to be the fifth EV built in Canton, following a pair of Nissan and Infiniti electric sedans. Nissan spokesperson Brian Brockman said the company was focusing on other, more profitable projects that would see more demand.
Nissan to buy batteries from SK On for new EVs in the US
Despite the delays, the automaker is still expanding its supply chain in the US to prepare for the upcoming EVs.
A Nikkei report on Thursday claimed that Nissan secured a battery supply from SK On for EV models sold in the US. Nissan agreed to buy 20 GWh of batteries, or enough to power roughly 300,000 EVs.
The automaker will reportedly begin installing the new SK-supplied batteries by 2028, which is when it plans to start building EVs in the US.
Nissan’s battery supply deal comes as the company looks to establish a domestic supply chain for EVs in the US.
Although Nissan announced plans to team up with Honda in December to keep pace with EV leaders like BYD and Tesla, it doesn’t expect to realize any substantial benefits until around 2030.
Nissan Motor’s, including Infiniti’s, US market share has dropped 2.1% over the past five years to just 5.8%. In 2024, the automaker sold just over 31,000 electric vehicles in the US, including roughly 20,000 Ariya models and 11,000 LEAFs.
Honda, which began delivering the Prologue just last March based on GM’s Ultium platform, sold over 33,000 models last year.
The new battery supply deal is a start, but in 2028, Nissan will face an influx of new EV models with which it will have to compete.
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