Mercedes-Benz: Supply bottlenecks hinder Mercedes-Benz’s top-end, battery-electric sale

© Stocksak. FILE PHOTO – The Mercedes-Benz logo can be seen at the 43rd Bangkok International Motor Show in Bangkok, Thailand, on March 22, 2022. REUTERS/Athit Perawongmetha

(Corrects headline to read “battery-electrical sales”, not “battery sale”)

BERLIN (Stocksak – Mercedes-Benz anticipates top-end vehicle sales to rise in single digits. It also said that battery-electric vehicle production was hindered by production bottlenecks this past Wednesday as it released its third quarter results.

In July, the carmaker stated that it expected top-end vehicle sales to increase by 10%.

Harald Wilhelm, chief Financial Officer, said that the company no longer had as many unfinished product as it did during the height of the shortage. However, inventories were higher since finished products had not yet arrived.

Wilhelm stated that the carmaker would be able, thanks to a high order backlog and pent-up demand in Europe, to make it through next year. Wilhelm also said that it would prioritise reducing inventory in its fourth quarter.

(This story corrected the headline to say “battery electric sales”, not “battery sale”

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