Warren Buffett took a significant position in HP Inc. (NYSE:NYSE:HPQ) of $3.4 billion in the first quarter of 2022. His HP position represented about 1.14% of his stock portfolio and HP ranks 11th in terms of portfolio weight, a fairly high position. Meanwhile, the stock is down 24% as HP came up with lower revenues and FCF guidelines.
Since its IPO in 2012, its total return, including dividends, has exceeded that of the S&P500. And with a PE ratio of 6.1, it's worth taking a closer look at HP.
HP shocked the market with their lowered expectations, and analysts expect the demand for computers and peripherals to ease in 2023 due to a decline in consumer spending. Analysts expect demand to pick up again after 2024. I think it is too early to buy the stock now, but if/when HP shows an improved guidance, I will consider buying the stock.
HP is known for its personal computers, computer peripherals, and printers. Today HP is also strong in 3D printing of different materials such as various plastics but also metals.
The company operates through 3 business segments:
The mix of business segments is shown in the figure below.
HP's revenue grew steadily over the past few years through 2019, after which revenue declined slightly in 2020 but continued to grow in 2021. Over this 5-year period, revenue grew by an average of about 6% per year. Free cash flow followed a similar path to sales.
HP is a cash flow machine. In 2021 their FCF return was a strong 9% and in other years it was a strong 6%. 2021 was a strong year with their Print segment showing strong revenue growth of 14%. The Print segment has a high operating margin of 18.1%, while the Personal Systems segment's operating margin is much lower at 7.2%. Free cash flow is returned to shareholders in the form of dividends and share buybacks.
From the chart below, we can clearly see that revenue, free cash flow and profit follow a stable path.
Net income growth has shown significant leaps, especially in accurate years. Free cash flow shows a stable growth pattern, better in line with sales growth than net profit.
Recent third quarter results came in with a revenue decline of 4% compared to the same period last year. Non-GAAP EPS came in at $1.04 (year-on-year growth of 4%), at the lower end of their previously announced outlook. This is notable as it delivered top performance in their previous quarter, at the high end of their announced outlook.
Revenue decreased in both the Printing and Personal Systems segments. The Printing segment is the more profitable of the two. If this trend continues, it will negatively impact HP's consolidated profitability.
About 65% of the Personal Systems business segment comes from notebook sales. Notebook revenues were down 10% year-over-year and unit sales were down 32% year-over-year. Desktop sales accounted for 25% of sales, growing 13% year-over-year, and units sold were up 1% year-over-year. Consumer revenues were down 20% year-over-year, while commercial revenues were up 7% year-over-year. High inflation hits consumers in their wallets and they can delay purchases like notebooks.
If we look at the Printing business segment, we see that Printing supplies make up 62% of the segment revenue. Printing supplies revenues were down 9% year-over-year, commercial revenues were down 3% year-on-year and consumer revenues were up 1% year-on-year. I'm surprised that sales of printing supplies have fallen because they are consumables.
HP lowered its guidance for FY2022, HP expects mid-range non-GAAP EPS of $4.08 and free cash flow of $3.5B. The expected free cash flow is somewhat disappointing because it is as high as in 2020 and represents a decrease of 40% compared to last year.
Looking to 2023, analysts expected growth in the PC market to return from 2024. I quote:
Further contraction is also expected in 2023 as consumer demand has slowed, the education demand has been largely fulfilled, and enterprise demand gets pushed out due to worsening macroeconomic conditions. The combined market for PCs and tablets is forecast to decline 2.6% in 2023 before returning to growth in 2024.
HP returns much of its free cash flow to shareholders through dividends and share buybacks. Share buybacks offer a tax-free "return" of company-generated cash to shareholders. This is an indirect return, but more tax efficient than the payment of dividends.
The dividend per share has been growing steadily for years, partly due to share buybacks. Over the past 10 years it has grown at an average of 15% per year and the dividend is now $1.00, representing a high dividend yield of 4%.
The free cash flow to dividend ratio is only 16%, which likely makes their dividend sustainable in the long term.
Shares are repurchased from the remaining part of the free cash flow. In 2021 this was a strong $6.2 billion, representing a very high buyback yield of 25%. The share price rose 60% to $40 but fell as the company lowered its outlook.
Year to date, HP has repurchased more than $2 billion in shares, paid out $0.5 billion in dividends, and returned a total of $2.5 billion to shareholders. This is a lot because their free cash flow over this period was only $1 billion. I expect HP to repurchase less stock than before.
Looking further into FY2022, HP expects free cash flow of $3.2 billion to $3.7 billion. On average, the free cash flow is equal to that in 2020 (see table above). With approximately $1 billion in dividends, HP could repurchase shares for approximately $2.5 billion. Year to date, HP has already repurchased $2 billion worth of shares, leaving just $0.5 billion for share repurchases. So, there are few possibilities for the rest of 2022.
The valuation metrics PE ratio and EV/EBITDA ratio provide a clear picture of the current valuation and the historical valuation. The EV/EBITDA ratio also includes debt and cash, and because HP repurchases shares, this is a valuable valuation metric.
The PE ratio of HP and competitor Dell (DELL) is mapped on the chart below from YCharts. Both companies have a low PE ratio of less than 5. Their ratio is very low compared to the S&P500's PE ratio of 18 because the personal computer market is very volatile.
If we zoom out, we see that HP's PE ratio is at the lower end of their PE ratio range. It seems like an attractive buying opportunity.
If we take the EV to EBITDA ratio chart, we see a slightly different picture. This chart shows that the ratio is currently below the 5-year median, more recently the ratio was lowest in 2011.
So, is this a buying opportunity? EPS estimates for FY23 show a 7% decline in EPS before it is expected to rise again in FY24. Despite the low valuation, I'm waiting to buy until the PC market outlook is positive.
When wearables first came out, fitness trackers and smartwatches dominated the market. With so many fresh and inventive products being developed, this is no longer the case. As complexities and user requirements increase, the most pressing decision for any designer is the selection of a controller.
Simply speaking, a wearable is any device users can place on their bodies. These frequently function as replacement for or integration with already-existing accessories like watches. Thanks to the Internet of Things (IoT) technologies this market sector is expanding at a meteoric rate. In addition to the consumer market, the medical sector is driving demand for gadgets that track bodily processes and diseases. From smartwatches, bands, glasses, and rings to e-textiles, tattoos, and stickers—all come under the category of wearables.
The microcontroller is the most crucial electronic part of wearable technology. It must be able to address all requirements of a wearable device, the most important ones being low power consumption, ability to communicate wirelessly, and compact size. The controller frequently needs to support a variety of wireless protocols, including Wi-Fi, ANT+, Bluetooth Low Energy (BLE), and proprietary IEEE 802.15.4 based protocols. In some cases, the equipment has to handle multiple protocols.
Microcontrollers that can combine the majority of functions into a single chip may support the majority of wearable devices. In general, the 32-bit ARM architecture offers good performance and energy efficiency. Still, it pretty much depends on your needs and requirements. Here are some things you need to keep in mind while selecting the right chip for your application.
Many common controllers for wearable devices are quite compact, and these need to be in order to conveniently attach to a wearable. The controllers must, however, simultaneously include more features into the same area. The minimal feature size of the technique used to fabricate the silicon system on chip (SoC) is a crucial aspect to pay attention to. The smaller the feature size of the silicon wafer, the denser the chip will be. Therefore, more features and functionalities can be crammed onto a single chip.
Reducing the power usage of wearable technology presents particular difficulties because many gadgets are battery-powered. As majority of wearable gadgets are monitoring devices, they must always be on, unlike other mobile devices that users can turn on manually when needed. To preserve battery life, wearables must run at an extremely low power. This demand creates unique requirements for the controller and firmware algorithms.
A way to tackle this issue is to offload the processing power to the cloud using a mobile or web application. In the case of a mobile application, which is more common, Bluetooth is a great way to ensure connectivity between the wearable device and your smartphone.
In terms of hardware, there are many controllers that work on extremely low power. A good example would be the PSoC family of programmable microcontrollers. These are recommended because they utilise the strength of the ARM architecture by combining an ARM Cortex-M core with advanced analogue and programmable digital capability on a single chip.
Qualcomm, in July 2022, unveiled their latest chips for wearables—the Snapdragon W5+ Gen 1 and the Snapdragon W5 Gen 1. According to Qualcomm, these chips have been designed to advance ultra-low power and breakthrough performance for next-generation connected wearables with a focus on extended battery life.
To offload the processing of sensor data from the main CPU, certain cutting-edge devices have a separate co-processor. This is necessary when the device needs to examine a lot of sensor data simultaneously in real time while demanding constant CPU attention.
Not just the sensor data, many wearable devices actually have co-processors or DSPs for specialised applications like AI and ML, so that these things can also be done on the edge. As mentioned above, the Snapdragon W5+ Gen 1 and the Snapdragon W5 Gen 1 chips have an ML co-processor (Arm Ethos-U55).
Similarly, Renesas’ DA1469x product family contains three new cores that provide more resources, range, computing power, and battery life—allowing designers to push the boundaries of applications like wearables. In June 2022, Renesas also launched the SmartBond DA1470x family of SoCs. It is a multi-core system with CM33F as the main application core and CM0+ as the sensor node controller. They claim that this is the world’s first SoC to offer a very high level of low power integration and is best suited for wearable medical devices.
Modern wearables—especially medical monitoring devices—deal with a lot of sensitive data, like biometric information, and then transmit this wirelessly. To protect user data, these wireless connections must be private and secure. A strong yet simple-to-implement security framework is a very crucial feature in microcontrollers.
Furthermore, a comprehensive development ecosystem makes it easier for developers to integrate different operating systems and software for a nicer, smartphone-like experience for wearable devices. For example, NXP’s i.MX RT microcontrollers provide built-in security features, including secure boot, one-of-a-kind key storage, and hardware acceleration of symmetric and cryptographic algorithms to help protect smartwatches and other wearables from being hacked. A good development ecosystem is also necessary for integrating all the necessary features during the development process. It needs to offer all the GUI based tools, firmware, middleware, APIs, and comprehensive documentation. One such development ecosystem is the ModusToolbox from Infineon. It is a collection of libraries and middleware hosted on GitHub, along with an IDE and toolkit that is downloaded and installed on your machine.
Pulse width modulation (PWM) is used to create a number of effects, including LED dimming, vibration for haptic feedback, and much more. If used in firmware, these strategies call for precise timing and regular CPU attention. Choosing a CPU or controller that supports hardware PWM is crucial.
Second, a lot of sensors used in wearables are analogue sensors, especially those used in biomedical applications that measure heart rate. A unique component, known as the analogue front end (AFE), is necessary for analysing data obtained from analogue sensors.
Op-amps, filters, and ADCs are used in an AFE to condition and transform the analogue signal into a digital signal that the CPU can handle. At times, some controllers have an AFE integrated into them. Microchip’s PIC32CM LS60 family of microcontrollers that were launched in May 2022 actually have ADCs, DACs, and op-amps, which are the features of an inbuilt AFE. Hence, these controllers are best suited for wearable electronics.
Controllers for a prototype/MVP level application
|If your product is in the R&D phase, wherein your team is working on prototypes to generate a minimum viable product (MVP), you can consider some development boards that are suitable for prototyping. Later, once you have established the product’s features, you can move on to a more specialised controller.
In fact, vendors like Adafruit actually offer ready-to-use microcontroller platforms that you can use to build a wearable device. The Adafruit FLORA platform is one such example. It’s a circular, sewable microcontroller that works with Arduino. The Lilypad Arduino is a similar open source platform. Using conductive thread, it can be attached to fabrics and linked to other electronic components, and hence, it is suitable for e-textiles.
Ever since the development of the first wearable device, the HP-01 wearable calculator, the wearables have come a long way. Some accurate trends seen in the wearables are mentioned below.
The open source revolution has certainly reached wearable electronics—from chips like the Arduino Lilypad to boards to complete wearable projects. Researchers from Portugal have actually developed an open source board based on the low-power, 8-bit, ATtiny20-CCU Microchip AVR microcontroller for the development of wearable and cyber-physical prototypes. Likewise, developmental psychologists at Indiana University and the University of East Anglia have created an open source, wireless vest for measuring autonomic function in infants!
At times, it makes sense to power wearable devices using sunlight, especially because it ensures that your device would get charged by the sunshine and stay charged. Fitness trackers equipped with solar charging functionality are slowly becoming common, and a lot of research is going on in this arena. For example, the Advanced Technology Institute (ATI) in Surrey has shown how their innovative photo-rechargeable technology, which combines perovskite solar cells and zinc-ion batteries, could enable wearables to be powered with just a few seconds of sunshine.
Wearables can be a discrete product, but at the same time they can be integrated into existing services. The most famous example of this is probably Google TV. Google plans to incorporate fitness trackers into Google TV and Android TV. The purpose is to enable users of Fitbit and Wear OS to display real-time metrics like heart rate and calories burned.
E-tattoos hold enormous potential, particularly for the medical field’s use in blood pressure monitoring. Researchers from the University of Texas at Austin have published a paper outlining e-tattoos and how they can monitor blood pressure, something that conventional wearables normally cannot. The team created a custom PCB with the ARM Cortex M4 microcontroller to interact with the tattoo. Their findings demonstrate the vast potential of e-tattoos.
Smart clothing. Just like e-tattoos, e-textiles are also rapidly becoming popular. Many researchers are working on it and, over time, several use cases have sprung up. Even the National Basketball Association in North America is looking into deploying wearable e-fabrics to prevent player injuries. Nextiles, a materials science company, has developed socks that could be used to gather and analyse data about injuries to the ankle.
The author, Aaryaa Padhyegurjar, is an Industry 4.0 enthusiast at EFY with a keen interest in innovation and research.
HP Inc. has submitted plans to the city of Vancouver to build approximately 235,000 square feet at its east Vancouver development.
The proposal is for an office and research and development facility occupying two buildings in the section of its property west of Northeast 184th Avenue and north of Southeast First Street.
The 24-acre project area would include one building with approximately 135,000 square feet of office space, as well as a second building with about 75,000 square feet of research and development space and an additional approximately 25,000 square feet of office space. The proposal includes 783 parking spaces.
The two buildings would be arranged around open gardens and plazas, “providing a secure environment for circulation, visitor access and employee rest and respite,” according to the pre-planning narrative.
The planning documents did not include information on the buildings’ heights but only stated that they will “vary in height, providing for active and pedestrian scale street fronts through façade articulation and the inviting appearance of the new buildings.”
HP’s east Vancouver development was agreed upon by the city of Vancouver in December 2019, which allowed for up to 98 acres of land in the Section 30 area of the city for company uses.
The first phase of the development was described as in the agreement as encompassing the first 330,000 square feet of office, research and development, and light industrial uses, and potential for occupant-supported small-scale retail, accessory space and related parking and site improvements.
“The contemplated site plan will bring high quality development to east Vancouver marrying planning and design to create an attractive office, research and development, as a central economic development use within Section 30,” read the company’s pre-planning narrative.
A representative from HP Inc. did not immediately return requests for comment.
Polestar Automotive (NASDAQ:PSNY) officially unveiled the the Polestar 3 electric performance SUV.
The first version of the all-electric five-passenger SUV is priced at priced $84K, but lower-costs versions are expected to follow. The Polestar 3 is the first car from the company to feature centralized computing with the NVIDIA DRIVE core computer, running software from Volvo Cars. In addition, the infotainment system is powered by a next-generation Snapdragon Cockpit Platform from Qualcomm Technologies, Inc. The model also features next-generation advanced active and passive safety technology from Volvo Cars. Further collaborations with industry-leading safety technology partners like Zenseact, Luminar and Smart Eye, are said to provide Polestar 3 with cutting-edge ADAS technology.
Polestar 3 launched with a dual-motor configuration and a power bias towards the rear. With the optional Performance Pack, total output is 380 kW (517 hp) and 910 Nm (671 lb-ft). The model features a 111 kWh battery pack to lead to a driving range of up to 300 miles. A heat pump is included as standard, and the car is equipped for bidirectional charging, enabling future potential for vehicle-to-grid and plug-and-charge capabilities.
Polestar CEO said the model will take the company's manufacturing footprint to the next level by bringing Polestar production to the United States.
Polestar 3 is the first car out from the EV upstart with a new all-electric technology base developed by and shared with Volvo Cars. Production for initial launch markets is planned to begin in Volvo Cars' facility in Chengdu, China in an incremental ramp-up phase from mid-2023. The first deliveries are expected in Q4 of 2023. Additional manufacturing set for Volvo Cars' Ridgeville, South Carolina facility in the United States is expected to follow towards the middle of 2024. At that time, supply to North America and other markets is planned to switch from China to the USA.
11 years ago
The MarketWatch News Department was not involved in the creation of this content.
Oct 11, 2022 (Heraldkeepers) -- New Jersey, United States-The review’s goal is to describe Cloud Server market sizes in distinct segments and nations as of late and to forecast the attributes for the next eight years. Furthermore, the research prepares specific data regarding major viewpoints such as driving drivers and challenges that will characterize the future growth of the Cloud Server market.
The Global Cloud Server Market investigation report contains Types (IaaS (Infrastructure-as-a-Service), PaaS (Platform-as-a-Service), SaaS (Software-as-a-Service)), Segmentation & all logical and factual briefs about the Market 2022 Overview, CAGR, Production Volume, Sales, and Revenue with the regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East Africa & The Prime Players & Others.
The Worldwide Cloud Server market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during the review period.
Furthermore, the Cloud Server market report will combine available opportunities in small marketplaces for partners to participate alongside a detailed assessment of the serious scenes and item contributions of key members. The study is useful in providing answers to a few essential questions that are important for company partners including item producers, providers and accomplices, end clients, and so on, in addition to allowing them to plan ventures and exploit market opportunities.
Cloud Server Market Segmentation & Coverage:
Cloud Server Market segment by Type:
IaaS (Infrastructure-as-a-Service), PaaS (Platform-as-a-Service), SaaS (Software-as-a-Service)
Cloud Server Market segment by Application:
Education, Financial, Business, Entertainment, Others
The years examined in this study are the following to estimate the Cloud Server market size:
History Year: 2015-2019
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2022 to 2030
Cumulative Impact of COVID-19 on Market:
The Cloud Server market report analyzed the overall state of the Covid scenario and provided substantial insights into the progressions in production network disruption, popular variations, and so on. The examiners have also concentrated on the important estimations that the firms have chosen to withstand the harsh scenario.
Access a demo Report Copy of the Cloud Server Market: https://www.infinitybusinessinsights.com/request_sample.php?id=1019934
The global Cloud Server market is divided into five regions and a few countries, including China, the United States, Europe, South-East Asia, Japan, India, and others.
The Key companies profiled in the Cloud Server Market:
The study examines the Cloud Server market’s competitive landscape and includes data on important suppliers, including IBM, HP, Dell, Oracle, Lenovo, Sugon, Inspur, CISCO, NTT, Softlayer, Rackspace, Microsoft, Huawei,& Others
Table of Contents:
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Cloud Server Global Market segmentation
3.2. Cloud Server Global Market size and growth prospects, 2015 – 2026
3.3. Cloud Server Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Cloud Server Global Market Product Outlook
Chapter 5. Cloud Server Global Market Application Outlook
Chapter 6. Cloud Server Global Market Geography Outlook
6.1. Cloud Server Industry Share, by Geography, 2022 & 2030
6.2. North America
6.2.1. Cloud Server Market 2022 -2030 estimates and forecast, by product
6.2.2. Cloud Server Market 2022 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.3.4. the UK
Chapter 7. Competitive Landscape
Chapter 8. Appendix
What will the Cloud Server market size and growth rate be in 2030?
What are the Cloud Server market’s primary development energizers?
What are the main Cloud Server market trends that influence market valuation?
International: +1 518 300 3575
The post Cloud Server Market - Global Industry Analysis and Forecast to 2022 to 2030 | By -IBM, HP, Dell appeared first on Herald Keeper.
The MarketWatch News Department was not involved in the creation of this content.
Another week, another all-new EV reveal—or, in this case, two. Mercedes-EQ has pulled the sheets off its latest all-electrics, the 2023 EQE SUV; and the high-performance 2024 AMG EQE SUV. The mid-size sport crossover is the fourth model built upon the company’s electric vehicle architecture, joining the EQS and EQE sedans and the recently released EQS SUV in an expanding EV stable. The EQE SUV is nine centimetres shorter than the EQE sedan , and has shorter overhangs and a coupe-like C-pillar curve, giving the sport crossover a much more dynamic look than the full-size EQS SUV.
The Canadian market will get two EQE SUV models — the 350 4Matic and the 500 4Matic — and no word yet on what AMG trims will be available for that 2024-model-year vehicle. Each EQE SUV comes with a 90.6-kWh lithium-ion battery pack, with a WLTP range rating of 550 kilometres, so probably in the 425- to 475-km range under EPA testing. Power output figures have yet to be released.
The crossover shares many of the technological updates found in its big SUV brother, including all-new battery management software that was developed in-house and allows for over-the-air (OTA) updates; the MBUX Hyperscreen option; and a standard heat pump. Those OTA updates allow for some of the original equipment to be individually customised, and according to Mercedes-EQ, that includes the range being successively expanded. The Hyperscreen merges three display screens into a single 141-cm-wide display that literally stretches across the entire dashboard of the cabin. And the heat pump features a clever system that channels wasted heat from the battery, the inverter, and the electric motor into the passenger cabin, thus reducing the heating system’s draw on power and therefore adding to overall range.
Another innovative feature designed to better range efficiency in the all-wheel-drive crossover is a system that decouples the front wheels under certain driving conditions to allow for less resistance, a concept in the EV engineering world known as “sailing.” Like the new battery software, this technology has been developed in-house by Mercedes-EQ engineers.
The chassis features a four-link suspension at the front and an independent multi-link suspension at the rear, and an optional air suspension system offers continuously adjustable damping. Selectable drive modes include Eco, Sport, Individual, and Offroad. The vehicle level can be raised by up to 25 millimetres, and an optional rear-axle steering system provides a maximum steering angle of 10 degrees.
Another innovative feature is a navigation system designed with an electric vehicle in mind. Punch in a destination and the system plans the fastest and most convenient route, including charging stops, based on numerous factors. It will react and reroute due to traffic jams or a change in driving style; will calculate the expected charging cost for a charging stop; and a driver can add preferred charging stations along the route or exclude suggested charging stations.
An industry first for the EQE SUV is the available Dolby Atlas sound system, which makes it the first vehicle to be equipped with Dolby-certified 4D sound. The Bermeister sound system comes with 15 speakers and is said to provide full 360-degree sound.
And speaking of sound, the EQE SUV debuts the fourth EV soundscape in the Mercedes-EQ universe. Called “Serene Breeze,” it, according to press notes, “offers a relaxed and natural sound. With the holistic sound staging, the paradigm shift from combustion engine to electric car becomes audible for the occupants in the Mercedes-EQ models. A variety of soundscapes allows for an individual acoustic set-up. An optional interior driving sound is available. This adjusts adaptively to the driving style.”
The cabin gets the same luxurious design features and materials as its EQ stablemates, with unique diamond stitching in the seats, a striking colour combination of dark seating and light floor and ceiling, and a standard panoramic roof. Rear cargo space is good for a mid-size crossover, as is second-row leg and headroom.
The EQE SUV is the first all-electric sport-ute the performance-mad engineers and designers at Mercedes-AMG have got their hands on, and judging from the specs they have lived up to their well-earned reputation.
At the heart of that is — surprise, surprise — a drivetrain that features a performance-oriented drive concept with one electric drivetrain (eATS) each on the front and rear axles as permanently excited synchronous machines (PSM), plus fully variable all-wheel-drive. Those AMG-specific electric motors have adapted windings, other laminations, and adapted inverters. Other AMG-y add-ons include a standard-fit air suspension with rear-axle steering, and AMG SUV-specific roll stabilisation.
Now, the numbers. Power output is up to 460 kW (626 horsepower), and equip this uber-CUV with the AMG Dynamic Plus Package and put it in Race Start mode with Boost function and that figure jumps to 505 kW (687 hp). As to torque, there’s 950 Nm (701 lb-ft) in, ahem, “normal” mode; and hit that magic boost mode and that leaps to 1,000 Nm (738 lb-ft). And in that mode, hang on: zero to 100 km/h happens in 3.5 seconds, and the top speed rating is 240 km/h. No range numbers have been released.
To keep all that power where the rubber meets the road, the AMG EQE SUV comes with a choice of 21- or 22-inch Michelin Pilot Sport EV MO1 tires specially designed for electric-drive performance vehicles. And stopping those low resistance, grippy boots are standard AMG brakes, or optional carbon-ceramic ones.
As with all AMG products, this EQE SUV version gets several gear and cosmetic upgrades over the base model, including a carbon-fibre AMG steering wheel, an AMG grille, high-gloss black trim parts, and a first for an all-electric AMG, the AMG logo on the hood rather than the traditional Merc star.
And even though this is a quiet-running EV, AMG has built in a ‘Performance’ sound experience with ‘balanced,’ ‘sport’ and ‘powerful’ versions. The intensity of the sound setup depends on the power demand and the selected drive program, and even provides aural sensations for charging and motor start.
Production of the EQE SUV will begin at the Mercedes-Benz plant in Tuscaloosa, Alabama in December and is expected to arrive at Canadian dealerships in March of next year, while the AMG version won’t be here until 2024. No pricing for either model has been released.