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mercedes-benz: plans to invest more than 14 billion yuan in china with chinese partners

2024-09-04

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netcom news on september 4, mercedes-benz group announced that according to the group's business plan, it plans to invest more than 14 billion yuan in china together with chinese partners to further enrich the localized product lineup of passenger cars and light commercial vehicles.

mercedes-benz will gradually produce the new pure electric long-wheelbase cla model exclusively for china, the new long-wheelbase gle suv model, and the new luxury pure electric mpv based on the van.ea platform from 2025. among them, the new long-wheelbase gle suv model is the first to be developed by a chinese team, and will provide a comfortable experience and advanced smart technology exclusive to china.

mercedes-benz group's strategic layout of transformation, advanced technological innovation, and the latest blockbuster products will continue to be implemented in china at the "china speed". through these investments in china, mercedes-benz will further participate in the development of high-end manufacturing, new energy vehicles, intelligent connected vehicles and related industrial chains in beijing, fuzhou and surrounding areas, injecting new impetus into the development of local new quality productivity and industrial clusters.

recently, ola källenius, chairman of the board of management of mercedes-benz group ag, visited china for the fourth time in 2024. he said: "the chinese market is one of the important pillars of the mercedes-benz group's global strategy and an important driving force for our electrification transformation and technological innovation. mercedes-benz has always been committed to long-term investment in china, deeply involved in and supporting the upgrading of china's automobile industry, while constantly exceeding the expectations of chinese customers, and continuously improving mercedes-benz's competitiveness in china and around the world. we will continue to uphold the original intention of 'developing in china and advancing with china' and work with chinese partners to share long-term development opportunities."

hubertus troska, member of the board of directors of mercedes-benz group ag and responsible for greater china business, said: "china is one of the most dynamic markets in the world. it not only has the youngest customer base in the world, but also the most complete industrial chain and excellent partners. in recent years, mercedes-benz has actively seized the opportunities of industrial transformation, continuously expanded innovative cooperation with chinese partners in the fields of intelligent connected vehicles and new energy vehicles, and launched technologies and products favored by chinese customers. together with partners such as baic group, we will continue to invest in china and inject new impetus into the development of mercedes-benz china's business and global innovation."

as china further expands its high-level opening-up, mercedes-benz will give full play to its advantages as an industry pioneer and work hand in hand with chinese partners to contribute to the development of china's automobile industry and modernization.

(photo/text by zhuo lu)