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Mercedes to create Tesla rival "soon"

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This snippet-grade article:
http://www.businessfinancenews.com/...c-tsla-mercedezbenz-working-on-model-s-rival/
Is little more than a single sentence worth of information. 311 mile all electric range, released soon.

Not even a drawing? Hasty pencil sketch on a napkin? Work-in-progress vehicle name? Price? The Chinese put a little more talk on the table when they claim they are building a Tesla rival.

I loathe to post it, I wouldn't even call it sketchy (no sketch), but perhaps there's more info out there others can share. Of the luxury brands, Mercedes seems to have the most experience with all-electrics.