Mercedes-Benz is planning a new line of electric vehicles, including two SUVs and two sedans, Bloomberg reported, citing two unnamed sources. The company will create a new sub-brand, and the new electric line-up will reach dealers before the end of the decade.

Daimler CEO Dieter Zetsche said in June that the company planned to unveil an EV at the Paris motor show in September. Bloomberg’s source said this will be a prototype SUV with a 310-mile range.

The first of the new EVs will be produced at the company’s Bremen factory, which will also build a fuel cell electric version of the GLC SUV that can be fueled with hydrogen or charged at an electric socket.

“When Tesla started coming up many years ago we decided at the time, and I believe correctly, that the technology wasn’t quite ready,” Wolfgang Bernhard, Daimler’s trucks chief, said recently. “Now we believe the time has come to earn money in e-mobility over the next five to 10 years.”

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Source: Bloomberg