Mercedes-Benz has opened order books for the all-electric EQB in Germany, confirming at the same time that prices kick off at €55,311 ($62,000 at current exchange rates) for the base, all-wheel drive EQB 300 4Matic.

As reported by Autonews Europe, that’s more than some of its current rivals in Germany, including the Audi Q4 e-tron that starts from €41,900 ($47,500) in 35 e-tron FWD form rising to €50,900 ($57,600) for the all-wheel drive 45 e-tron quattro, as well as the Volvo XC40 Recharge that’s priced from €45,650 ($51,700) for the FWD version and €52,150 ($59,000) for the twin-motor all-wheel drive variant.

The Ford Mustang Mach-E is also cheaper starting from €47,500 ($53,800) for the RWD model rising to €54,750 ($62,000) for the AWD version. However, the base EQB costs slightly less though than the €56,990 ($64,500) AWD Tesla Model Y Long Range.

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Found at the base of the EQB range in Germany is the EQB 300 4Matic. This model features a pair of electric motors and all-wheel drive that combine to produce 225 hp and 288 lb-ft (390 Nm) of torque. Those after a little more grunt can order the EQB 350 4Matic. It too has a pair of electric motors and all-wheel drive but has been tuned to deliver 288 hp and 384 lb-ft (520 Nm). Pricing for the EQB 350 4Matic starts at €57,988 ($65,000).

Mercedes-Benz says the EQB 300 4Matic can hit 62 mph (100 km/h) in 8.0 seconds while the EQB 350 4Matic reaches the same mark in 6.2 seconds. Both top out at 160 km/h ( 99 mph) and have a 66.5 kWh battery pack.

Both variants are offered at launch with an Edition 1 package, priced at €8,520 ($9,554). It includes the Night Package with AMG body styling, 20-inch AMG light-alloy wheels painted in matte copper with a high-sheen finish, Neva Grey leather upholstery, and various blue accents. An affordable Electric Art trim (€940) is also available, adding rose gold accents to the interior and 18-inch two-tone light-alloy wheels.

Read More: 2022 Mercedes-Benz EQB Electric Compact SUV Arrives In Munich As U.S. Sales Confirmed

Key options packages for the Mercedes-Benz EQB in Germany consist of the €2,570 ($2,882) Advanced Package, €3,677 ($4,123) Advanced Plus Package, and €1,439 ($1,613) Driving Assistance Package. The EQB can also be ordered as a seven-seater for an extra €1,416 ($1,587) and is eligible for a €7,500 ($8,410) tax break provided by the German government.

U.S. pricing hasn’t been announced but the EQB should cost about the same as a Tesla Model Y on this side of the pond.