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Daimler Will Begin Manufacture Of Electric Cars In China From 2019


11/28/2018


Daimler Will Begin Manufacture Of Electric Cars In China From 2019
Despite the demand for its luxury and conventional car models such as Mercedes-Benz Maybach in the Chinese market remains strong, German luxury car maker Daimler plans to begin manufacturing of electric cars in the Chinese market starting next year with the aim of coping up with the stringent anti pollution quotas for carmakers as announced in Chinese car electric car making policy.
 
According to the Chinese national policy for the so-called new energy vehicles (NEV's), every can marker manufacturing electric cars have to attain a minimum number of unit sales and according to the Daimler China chief Hubertus Troska, the company is well on track to attain the quota requirement.
 
"We are very confident about fulfilling the NEV quotas," Troska said on Wednesday and added that it would add a completely new fully electric vehicle to its local production capacity.
 
"We begin production end of next year," Troska said about the Mercedes-Benz EQC electric model.
 
Troska however said that the consumer demand for the high-end Maybach models of Daimler is still strong by Chinese customers and the company is selling about 600 vehicles every month.
 
Troska said at a briefing in Stuttgart that the perceived trends in consumer demand in the Chinese market for the car segment on the overall has dropped and sales have slowed down this year, there is good demand for premium cars ion the Chinese market which is contrast to the trend for the overall car market. This has spurred Troska to predict that next year, here would be a growth in the sale of Mercedes-Benz passenger cars of the company.
 
"We are absolutely positive about business development next year," Troska said with respect to the potential for growth for Mercedes-Benz passenger cars in China – the largest auto market in the world.
 
Troska also said that Daimler was currently satisfied with the partnership that it has with its existing Chinese domestic car makers including BAIC and BYD even though there have been reports that the company has been initiating talks with the Chinese carmaker Geely in relation to the possibilities of cooperation.
 
After it had acquired a 9.69 percent stake in the German carmaker earlier this year, Mercedes was asked to enter a broader alliance by Geely founder Li Shufu.
 
Troska said that Daimler could even choose to partner with a company from outside of the auto sector in China in the area of electric vehicles. However the Daimler executive did not elaborate further on this point.
 
(Source:www.channelnewsasia.com)