China automobile business is showing recovery, says Daimler

china cars

German automaker Daimler has seen business stabilize in China after the country ended coronavirus lockdowns, a senior manager at the automaker informed a newspaper on Sunday. “In China alone, we sold about 50,000 vehicles again in March. That makes us confident,” said Markus Schaefer, managing board member for production, according to Bild am Sonntag newspaper. […]

Daimler says production in China stable, early to evaluate coronavirus impact

Daimler

Daimler’s car production in China is stable and the supply chains are secure however it is too early to forecast the impact of the coronavirus outbreak on the automaker’s sales, Mercedes-Benz’s sales chief stated. Britta Seeger confirmed Mercedes-Benz’s forecast for 2020 sales to be little below last year’s level and stated three-quarters of Mercedes sellers […]

Mercedes-Benz to increase business with China auto suppliers

Mercedes-Benz EQ A concept Teased

Daimler AG will deepen partnerships with Chinese auto suppliers since they often lead United States and European competitors in major technologies for electric vehicles and connected vehicles, Mercedes-Benz executive Wilko Stark stated on Thursday. Stark, who is presently the head of Procurement and Supplier Quality at Mercedes-Benz stated the shift toward electric and connected cars […]

Daimler and Geely are setting up ride-hailing joint venture in China

daimler denza ev

Germany’s Daimler is forming a ride-hailing joint venture in China with Geely Group, in an indication the Chinese firm is making progress in its drive for closer relations with the German automaker. Geely Chairman Li Shufu took a 9.69 percent stake in Daimler previously this year, rekindling worries in Germany about its highly-prized expertise entering […]

Daimler to spend $755 million on electric car and battery production in China

daimler electric vehicles

Daimler plans to invest 5 billion yuan ($755 million) in China, with its Chinese joint-venture partner, for capability to produce electric cars and the batteries that power them – part of attempt to help its China operations adhere to the nation’s green automobile production and sales quotas. Hubertus Troska, head of Daimler’s greater China operations, […]

Daimler in talks with Didi Chuxing and others for possible cooperation

Daimler logo

Daimler AG remains in talks with regional Chinese ride-hailing companies consisting of Didi Chuxing to go over possible cooperation deals, board member Hubertus Troska stated. “We are speaking to the leading players consisting of Didi about how we might establish something,” Troska, Daimler’s board member with responsibility for Greater China, informed reporters gathered at the […]

Daimler to offer Mercedes-Benz branded all-electric battery cars in China

Daimler logo

Daimler AG prepares to sell Mercedes-Benz branded all-electric battery automobiles in China, its China chief stated on Wednesday, as the automaker capitalizes on government efforts aimed at increasing the market for new-energy vehicles (NEVs). Hubertus Troska stated the government’s push, which includes tax breaks and other policy support, has assisted the numerous NEVs sold last […]