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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ0B05Z_L.jpgThe decision is based on Chief Executive Ola Kaellenius’ focus on electric-only cars, making the EQ brand redundant as Mercedes turns away from the combustion engine, Handelsblatt cited the sources as saying.
The German carmaker now markets its all-electric model series under the EQ brand, first announced in 2016, with its first model, the EQC electric SUV, launched in 2019.
Mercedes did not immediately respond to a request for comment.