China will remain a “super market” until next year, says Daimler

BERLIN – Daimler’s sales in China will remain strong next year, said Hubertus Troska, the Chinese director of the automaker, adding that he was convinced that Mercedes-Benz could increase its share of the country’s electric vehicle market as the given the low competition in the premium car segment.

Sales of the brand’s cars in China jumped 12% last year to a record 774,000 despite the pandemic, and growth of more than 8% has been recorded this year so far, Troska told the journalists.

“It’s all about the fact that China will also be a super market next year,” Troska said.

Daimler’s market share in electric vehicle sales is still small in China, said Troska, where it competes with many Chinese electric vehicle manufacturers, from Xpeng to Li Auto and Nio as well as the US giant. Tesla electric vehicles.

However, most Chinese companies sell in a price range of 35,000 euros ($ 39,270) or less, Troska said, below Daimler’s range.

In addition, Mercedes-Benz plans to build a new model of electric vehicle in China begins in 2024 – the first new model manufactured exclusively in the countryGerman newspaper Handelsblatt reported Thursday, citing anonymous sources close to the company.

If the sales are successful, the model could be exported to other markets, Handelsblatt reported, adding that a final decision was still pending.

Daimler declined to comment Handelsblatt.


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