China premium car market to increase 50 percent over next decade: Rupert Stadler

CEO Rupert Stadler

China’s premium automobile market will increase by half over the next decade, Rupert Stadler, the CEO of luxury automaker Audi stated on Wednesday, pointing out growing individual wealth and the development of growing private enterprises as crucial drivers. Stadler stated the marketplace would grow to around 3 million vehicles annually in a decade’s time, driven […]

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

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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 […]