Mercedes: Slight Improvement in China - Transition to Electric Vehicles the Biggest Challenge
The car manufacturer Mercedes-Benz sold fewer vehicles last year than the year before. In the fourth quarter, the decline somewhat eased thanks to a slight recovery in China. However, for the entire year, a decrease of four percent was recorded across the group with nearly 2.4 million cars and vans sold, as Mercedes-Benz announced on Friday in Stuttgart.
In China, sales of the Mercedes-Benz Cars division dropped by seven percent for the whole year - even though the company sold three percent more cars there in the fourth quarter than in the same period of the previous year.
For the major German car manufacturers, China is the most important sales market. They are now facing strong competition from local manufacturers, who are surpassing them in electric vehicles. The sales of battery-powered cars have grown immensely in the country.
Mercedes-Benz Cars, on the other hand, sold almost a quarter fewer electric cars last year than the year before. Sales dropped by 23 percent - in the fourth quarter, even by 26 percent.
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