Mercedes (MBG) EV Bets on Range Boost in Swipe at Tesla’s (TSLA) Leadership

Mercedes-Benz Group AG unveiled an electric vehicle with a longer range than any Tesla Inc. model on the market as the German luxury-car maker intensifies its bid to challenge Elon Musk.

The company presented a near-production concept of its CLA sedan rated to go more than 750 kilometers (466 miles) on a single charge, beating Tesla’s refreshed Model 3. The car is Mercedes’s first based on its upcoming EV underpinnings, with a battery system that can add 400 kilometers of…

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