Mercedes-Benz to increase investment in China, expand local product lineup
Mercedes-Benz plans to invest more than 14 billion yuan (US $2 billion) in China with local partners to further enrich its local passenger car and light commercial vehicle product lineup。
Mercedes-Benz plans to invest more than 14 billion yuan (US $2 billion) in China with its local partners to further enrich its local passenger car and light commercial vehicle product lineup。
German luxury carmaker Mercedes-Benz has announced increased investment in China to expand its product lineup in the world's largest car market, despite increased restrictions on electric vehicles (EVs) in the West.。
According to a statement, Mercedes plans to invest more than 14 billion yuan (US $2 billion) in China with local partners to further enrich its localized passenger car and light commercial vehicle product lines today。
Starting from 2025, Mercedes-Benz will gradually put into production China's exclusive new pure electric long-wheelbase CLA models, new long-wheelbase GLE SUV (sports utility vehicle), and new luxury pure electric MPV (multi-purpose vehicle) based on VAN.EA Platform。
The new long-wheelbase GLE SUV is led by a Chinese team for the first time and will provide China's unique comfort and smart technology。
Newly announced investment will partially support Fujian Benz production based on VAN.New luxury electric MPV for EA platform。
Fujian Benz is a light commercial vehicle manufacturing company headquartered in Fuzhou. It is a joint venture of Fujian Automobile Industry ry Group, Daimler Light Truck Hong Kong Co., Ltd. and Beijing Automobile Co., Ltd.
From 2025, Mercedes-Benz plans to launch new models based on the MMA platform in Beijing Benz, a joint venture with BAIC, including a new all-electric long-wheelbase CLA model specially built for Chinese customers。
In addition, Mercedes-Benz's new internal development architecture MB.OS will also debut a new MMA platform model in 2025, providing the luxury brand's first end-to-end intelligent driving system that does not rely on high-definition maps, the statement said.。
Conlinson, chairman of the Mercedes-Benz Group Management Committee, said that the Chinese market is one of the key pillars of Mercedes-Benz's global strategy and an important driver of its electrification transformation and innovation.。
Conlinson added that Mercedes-Benz has long been committed to investing in China, deeply participating in and contributing to the upgrading of China's auto industry, and enhancing its competitiveness in China and the world.。
Mercedes' plan comes as Western countries are ramping up restrictions on electric vehicles from China.。
The European Commission announced new tariffs on electric vehicles from China on August 20, and different automakers face different tax rates, up to 36.3%。
The EU's 27 member states are due to vote on the proposed tariffs in October, and if adopted, the temporary tariffs would become a five-year policy.。
On the other hand, the United States and Canada have previously announced 100% tariffs on Chinese electric vehicles.。
($1 = RMB 7.1174)
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
